Views On Barrick Gold Corporation (GOLD) From A Technical Perspective

The stock of Barrick Gold Corporation (NYSE:GOLD) increased by $0.21 on Friday to finish at $19.64, up 1.08 percent. The last five days have seen an average of 15,924,840 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $2.46. The average number of shares traded over the last 20 days was 17,041,600, while the average volume over the last 50 days totaled 20,247,699.

GOLD stock appreciated 12.61% since last month. On 12/19/22, the company’s shares reached a one-month low of $16.47. The stock touched a high of $25.70 on 01/13/23, after rallying from a low of $12.97 in 52 weeks. The price of GOLD stock has risen by 14.32% or $2.46 this year, reaching a new high 8 times. Still, the stock price is down -23.57% from the 52-week high.

Valuation Metrics

Barrick Gold Corporation (GOLD) has a trailing price-to-earnings (P/E) ratio of 18.44. Beta for the stock is 0.30. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.96, the price-to-book (PB) ratio of 1.45, and the price-to-cash flow ratio of 166.96.

Company paid $0.11 per share in dividends, a decrease of -29.49% from $0.1560 last year. A $0.0460 dividend decrease was reported on Thursday November 3 2022.

Financial Health

For the three months ended June 29, Barrick Gold Corporation’s quick ratio was 3.00, while its current ratio was 3.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.21, and the total debt to equity ratio is 0.21. As far as profitability goes, gross margin for the trailing twelve months is 36.70% percent. Barrick Gold Corporation’s operating margin stood at 38.30% for the same period. Based on annual data, it had gross profit of $4.9 billion and revenue of $11.98 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GOLD’s return on assets (ROA) during the last 12 months has been 4.00%. There was a 12.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.90%.

Earnings Surprise

According to Barrick Gold Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Barrick Gold Corporation’s quarterly earnings would be $0.29, but it ended up being $0.26, beating the consensus by 11.50%. EBITDA was $1.1 billion for the quarter. At the end of Barrick Gold Corporation’s most recent quarter ended June 29, its liabilities totaled 14.13 billion, while its total debt was $5.14 billion.

Technical Picture

Here’s a quick look at Barrick Gold Corporation’s (GOLD) price momentum from a technical perspective. As of 13 January, the RSI 9-day stood at 75.49%, suggesting the stock is Overbought, with a 29.73% historical volatility rate.

The stochastic %K and %D were 91.67% and 91.74% respectively, while the average true range (ATR) was 0.55. Based on the 14-day stochastic reading of 93.53%, the RSI (14) reading is 70.87%. On the 9-day MACD Oscillator, the stock is at 0.41, and the 14-day reading is at 1.00.

Analyst Ratings

In its analyst report released on September 12, 2022, Goldman began covering Barrick Gold Corporation (NYSE: GOLD). The stock was rated as a Neutral by the brokerage firm.

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