Barrick Gold Corporation (NYSE:GOLD) has a beta value of 0.31 and has seen 15.11 million shares traded in the last trading session. The company, currently valued at $32.20B, closed the last trade at $18.50 per share which meant it lost -$0.02 on the day or -0.11% during that session. The GOLD stock price is -38.49% off its 52-week high price of $25.62 and 29.89% above the 52-week low of $12.97. If we look at the company’s 10-day average daily trading volume, we find that it stood at 23.75 million shares traded. The 3-month trading volume is 18.94 million shares.

The consensus among analysts is that Barrick Gold Corporation (GOLD) is an Overweight stock at the moment, with a recommendation rating of 2.10. 0 analysts rate the stock as a Sell, while 2 rate it as Overweight. 8 out of 25 have rated it as a Hold, with 13 advising it as a Buy. 2 have rated the stock as Underweight. The expected earnings per share for the stock is $0.12.

Barrick Gold Corporation (NYSE:GOLD) trade information

Sporting -0.11% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 03/27/23 when the GOLD stock price touched $18.50 or saw a rise of 0.91%. Year-to-date, Barrick Gold Corporation shares have moved 7.68%, while the 5-day performance has seen it change 1.43%. Over the past 30 days, the shares of Barrick Gold Corporation (NYSE:GOLD) have changed 15.62%. Short interest in the company has seen 26.24 million shares shorted with days to cover at 1.49.

Wall Street analysts have a consensus price target for the stock at $21.64, which means that the shares’ value could jump 14.51% from current levels. The projected low price target is $17.00 while the price target rests at a high of $29.00. In that case, then, we find that the current price level is -56.76% off the targeted high while a plunge would see the stock lose 8.11% from current levels.

Barrick Gold Corporation (GOLD) estimates and forecasts

Figures show that Barrick Gold Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained 28.18% over the past 6 months, with this year growth rate of 18.67%, compared to 13.00% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -65.70% and -19.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be -8.20%.

5 analysts offering their estimates for the company have set an average revenue estimate of $2.7 billion for the current quarter. 3 have an estimated revenue figure of $2.85 billion for the next quarter concluding in Mar 2023. Year-ago sales stood $3.31 billion and $2.85 billion respectively for this quarter and the next, and analysts expect sales will shrink by -18.40% for the current quarter and -0.30% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -23.60% over the past 5 years. Earnings growth for 2023 is a modest -78.50% while over the next 5 years, the company’s earnings are expected to decrease by -10.72%.

GOLD Dividends

Barrick Gold Corporation is expected to release its next earnings report between May 02 and May 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.40 at a share yield of 2.16%. The company’s dividend yield has gone up over the past 12 months.

Barrick Gold Corporation (NYSE:GOLD)’s Major holders

Insiders own 0.60% of the company shares, while shares held by institutions stand at 64.19% with a share float percentage of 64.58%. Investors are also buoyed by the number of investors in a company, with Barrick Gold Corporation having a total of 1,187 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 81.78 million shares worth more than $1.4 billion. As of Dec 30, 2022, Van Eck Associates Corporation held 4.66% of shares outstanding.

The other major institutional holder is FMR, LLC, with the holding of over 59.78 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $926.65 million and represent 3.41% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and Vanguard International Stock Index-Total Intl Stock Indx. As of Dec 30, 2022, the former fund manager holds about 4.03% shares in the company for having 70.71 million shares of worth $1.21 billion while later fund manager owns 23.65 million shares of worth $355.43 million as of Oct 30, 2022, which makes it owner of about 1.35% of company’s outstanding stock.

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