What Can We Learn From Barrick Gold Corporation (GOLD)’s Valuation Ratios?

Barrick Gold Corporation (NYSE:GOLD) finished Wednesday with an addition of $0.45 to close at $16.32, an upside of 2.84 percent. An average of 18,152,100 shares of common stock have been traded in the last five days. There was a gain of $0.31 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 22,934,574 shares traded, while the 50-day average volume stands at 22,643,084.

GOLD stock has increased by 8.93% in the last month. The company shares reached their 1-month lowest point of $13.01 on 11/03/22. With the stock rallying to its 52-week high on 03/08/22, shares of the company touched a low of $12.97 and a high of $25.70 in 52 weeks. It has reached a new high 16 times so far this year and lost -12.85% or -$2.68 in price. In spite of this, the price is down -36.49% from the 52-week high.

Valuation Metrics

Barrick Gold Corporation (GOLD) has a trailing price-to-earnings (P/E) ratio of 15.32. The stock’s beta is 0.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.46, the price-to-book (PB) ratio at 1.21, and the price-to-cash flow ratio at 138.76.

The company has a payout ratio of 50.70%. The company’s most recent quarterly dividend payment was $0.11 a share, representing a down of -29.49% from $0.1560 last year. Its latest decrease dividend $0.0460 reported on Thursday November 3 2022.

Financial Health

The quick ratio of Barrick Gold Corporation for the three months ended September 29 was 3.00, and the current ratio was 3.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.21 and a total debt to equity ratio of 0.21 for the quarter ending September 29. Its gross profit as reported stood at $4.9 billion compared to revenue of $11.98 billion.

Earnings Surprise

The analyst consensus anticipated Barrick Gold Corporation’s latest quarter earnings to come in at $0.11 per share, but it turned out to be $0.13, a 18.20% surprise. For the quarter, EBITDA amounted to $1.1 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Barrick Gold Corporation (GOLD) price momentum. RSI 9-day as of the close on 30 November was 59.75%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.09%.

As of today, GOLD’s price is $15.99 +1.94% or $0.31 from its 5-day moving average. GOLD is currently trading +7.79% higher than its 20-day SMA and -3.89% lower than its 100-day SMA. However, the stock’s current price level is +8.44% above the SMA50 and -22.62% below the SMA200.

The stochastic %K and %D were 59.90% and 62.88%, respectively, and the average true range (ATR) was 0.53. With the 14-day stochastic at 82.01% and the average true range at 0.55, the RSI (14) stands at 57.41%. The stock has reached 0.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.06.

Analyst Ratings

Goldman launched coverage on Barrick Gold Corporation (NYSE: GOLD) in its analyst report released on September 12, 2022. The firm assigned the stock a Neutral rating.

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