On November 20, 2023, Barrick Gold Corp. (NYSE: GOLD) opened at $15.59, higher 0.51% from the last session. During the day, the shares moved up to $15.859 and dropped to $15.4714 before settling in for the closing price of $15.71. Price fluctuations for GOLD have ranged from $13.82 to $20.75 over the past 52 weeks.
Basic Materials Sector giant saw their annual sales surged by 7.52% over the last five years. Company’s average yearly earnings per share was noted 9.40% at the time writing. With a float of $1.74 billion, this company’s outstanding shares have now reached $1.76 billion.
The firm has a total of 23000 workers. Let’s measure their productivity. In terms of profitability, gross margin is +28.23, operating margin of +27.55, and the pretax margin is +12.87.
Barrick Gold Corp. (GOLD) Insider Activity
A key investor’s attitude towards the stock of the Gold industry is another important factor to consider. The insider ownership of Barrick Gold Corp. is 0.68%, while institutional ownership is 65.04%.
Barrick Gold Corp. (GOLD) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $0.24 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.2) by $0.04. This company achieved a net margin of +3.91 while generating a return on equity of 1.84. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.25 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.70% during the next five years compared to -27.65% drop over the previous five years of trading.
Barrick Gold Corp. (NYSE: GOLD) Trading Performance Indicators
Check out the current performance indicators for Barrick Gold Corp. (GOLD). In the past quarter, the stock posted a quick ratio of 2.28. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.50. Likewise, its price to free cash flow for the trailing twelve months is 43.02.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.03, a number that is poised to hit 0.25 in the next quarter and is forecasted to reach 1.10 in one year’s time.
Technical Analysis of Barrick Gold Corp. (GOLD)
Analysing the last 5-days average volume posted by the [Barrick Gold Corp., GOLD], we can find that recorded value of 12.08 million was lower than the volume posted last year of 16.11 million. As of the previous 9 days, the stock’s Stochastic %D was 64.37%. Additionally, its Average True Range was 0.42.
During the past 100 days, Barrick Gold Corp.’s (GOLD) raw stochastic average was set at 48.28%, which indicates a significant decrease from 50.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.21% in the past 14 days, which was higher than the 26.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.70, while its 200-day Moving Average is $17.00. Now, the first resistance to watch is $15.94. This is followed by the second major resistance level at $16.09. The third major resistance level sits at $16.33. If the price goes on to break the first support level at $15.55, it is likely to go to the next support level at $15.32. Should the price break the second support level, the third support level stands at $15.17.
Barrick Gold Corp. (NYSE: GOLD) Key Stats
There are currently 1,755,523K shares outstanding in the company with a market cap of 27.72 billion. Presently, the company’s annual sales total 11,013 M according to its annual income of 432,000 K. Last quarter, the company’s sales amounted to 2,862 M and its income totaled 368,000 K.