Can Barrick Gold Corporation (GOLD) Add Value To Your Portfolio?

As of Friday close, Barrick Gold Corporation’s (NYSE:GOLD) stock was up $0.12, moving up 0.74 percent to $16.34. The average number of shares traded per day over the past five days has been 12,237,460 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.29 fall in that time frame. In the last twenty days, the average volume was 14,741,225, while in the previous 50 days, it was 14,269,412.

Since last month, GOLD stock retreated -4.61%. Shares of the company fell to $15.85 on 06/21/23, the lowest level in the past month. A 52-week high of $20.75 was reached on 05/04/23 after having rallying from a 52-week low of $12.97. Since the beginning of this year, GOLD’s stock price has dropped by -4.89% or -$0.84, and marked a new high 13 times. However, the stock has declined by -21.25% since its 52-week high.

Valuation Metrics

Right now, Barrick Gold Corporation (GOLD) has a P/E ratio of about 267.87. The stock’s beta is 0.38. Besides these, the trailing price-to-sales (P/S) ratio of 2.65, the price-to-book (PB) ratio of 1.26.

The latest dividend of $0.0740 per share was paid out, which is -26.0% less than last year’s $0.10. On Wednesday May 3 2023, a $0.0260 dividend decrease was announced.

Financial Health

In the three months ended March 30, Barrick Gold Corporation’s quick ratio stood at 2.10, while its current ratio was 2.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.21, and the total debt-to-equity ratio was 0.21. On the profitability front, the trailing twelve-month gross margin is 28.70% percent. In the year ended March 30, EBITDA margin amounted to 46.39%, whereas operating margins totaled 13.30%. Based on annual data, GOLD earned $3.52 billion in gross profit and brought in $11.01 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.70%. Return on equity (ROE) for the past 12 months was 0.50%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Barrick Gold Corporation to report $0.11 quarterly earnings, the actual figure was $0.14 per share, beating the consensus estimate by 27.30%. During the quarter, the company generated $1.01 billion in EBITDA. The liabilities of Barrick Gold Corporation were 14.83 billion at the end of its most recent quarter ended March 30, and its total debt was $4.78 billion.

Technical Picture

This quick technical analysis looks at Barrick Gold Corporation’s (GOLD) price momentum. With a historical volatility rate of 23.24%, the RSI 9-day stood at 39.86% on 07 July.

With respect to its five-day moving average, the current Barrick Gold Corporation price is down by -1.74% percent or -$0.29. At present, GOLD shares trade -3.77% below its 20-day simple moving average and -8.87% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.85% below its SMA50 and +5.42% above its SMA200.

Stochastic coefficient K was 42.01% and Stochastic coefficient D was 61.59%, while ATR was 0.40. Given the Stochastic reading of 36.06% for the 14-day period, the RSI (14) reading has been calculated as 39.60%. As of today, the MACD Oscillator reading stands at -0.22, while the 14-day reading stands at -0.12.

Analyst Ratings

Barrick Gold Corporation downgraded its rating on Barrick Gold Corporation (NYSE: GOLD) to a Neutral in a note to investors on February 13, 2023. The analysts firm previously had an Outperform rating on the stock.Barrick Gold Corporation (GOLD) has been rated Overweight by analysts. According to 1 brokerage firm, GOLD is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Barrick Gold Corporation stock as buy, with 12 recommending it as overweight.

With a median target price of $23.00, the current consensus forecast for the stock is $17.80 – $28.00. Based on these forecasts, analysts predict Barrick Gold Corporation (GOLD) will achieve an average price target of $23.02.

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