GOLD’s Stochastic Averages Dip: Analyzing Barrick Gold Corporation’s Stock Performance

Barrick Gold Corporation (GOLD) currently has a stock price of $16.93. The stock saw a sharp increase in the last trading session, hitting a high of $16.93 after opening at $16.69. The lowest recorded price for the day was $16.6015 before it closed at $16.63.

The market performance of Barrick Gold Corporation has been somewhat unstable. Over the past year, the company’s stock achieved a high of $20.75 on 05/04/23, with the lowest value for the same timeframe being $12.97, recorded on 11/03/22.

52-week price history of GOLD Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Barrick Gold Corporation’s current trading price is -18.41% away from its 52-week high, while its distance from the 52-week low is 30.55%. The stock’s price range during this period has fluctuated between $12.97 and $20.75. Shares of the company, which operates in the Basic Materials sector, recorded a trading volume of around 12.25 million for the day, which was evidently lower than the average daily volume of 15.21 million over the last three months.

Financial Performance and Market Capitalization

Barrick Gold Corporation (GOLD) has experienced a quarterly decline of -8.98% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 29.67B and boasts a workforce of 21300 employees.

Analysts’ Ratings For Barrick Gold Corporation

As of right now, 14 analysts are rating Barrick Gold Corporation as a BUY, 2 of the polled analysts branded the stock as an OVERWEIGHT, 8 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 1 analyst is rating the stock as SELL.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 17.85, with a change in price of -1.42. Similarly, Barrick Gold Corporation recorded 16,686,143 in trading volume during the last 100 days, posting a change of -7.74%.

GOLD Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for GOLD stands at 0.21. Similarly, the long-term debt-to-equity ratio is also 0.21.

GOLD Stock Stochastic Average

Barrick Gold Corporation’s raw stochastic average for the past 50 days is currently at 21.96%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 67.82%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 52.68% and 47.83%, respectively.

GOLD Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a loss of -1.46%.However, over the last six months, we can see a stronger performance of -1.63%. Over the last 30 days, the price of GOLD has fallen by 0.30%. And in the last five days, it has surged by 2.86%.

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