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What Are The Risk Factors For Barrick Gold Corporation (GOLD)?

As of Thursday close, Barrick Gold Corporation’s (NYSE:GOLD) stock was down -$0.89, moving down -4.19 percent to $20.34. The average number of shares…

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This article was originally published by Fosters Leader

As of Thursday close, Barrick Gold Corporation’s (NYSE:GOLD) stock was down -$0.89, moving down -4.19 percent to $20.34. The average number of shares traded per day over the past five days has been 22,270,381 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.22 fall in that time frame. In the last twenty days, the average volume was 20,737,240, while in the previous 50 days, it was 21,926,590.

Since last month, GOLD stock retreated -20.05%. Shares of the company fell to $20.04 on 05/12/22, the lowest level in the past month. A 52-week high of $26.07 was reached on 03/08/22 after having rallying from a 52-week low of $17.27. Since the beginning of this year, GOLD’s stock price has risen by 7.05% or $1.34, and marked a new high 16 times. However, the stock has declined by -21.98% since its 52-week high.

Valuation Metrics

Right now, Barrick Gold Corporation (GOLD) has a P/E ratio of about 18.83. The stock’s beta is 0.33. Besides these, the trailing price-to-sales (P/S) ratio of 3.09, the price-to-book (PB) ratio of 1.50, and the price-to-cash flow ratio of 39.96 may also be considered.

The latest dividend of $0.20 per share was paid out, which is 153.16% more than last year’s $0.0790. On Wednesday May 4 2022, a $0.1210 dividend increase was announced.

Financial Health

In the three months ended June 29, Barrick Gold Corporation’s quick ratio stood at 3.20, while its current ratio was 4.00, 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 June 29 was 0.21, and the total debt-to-equity ratio was 0.21. On the profitability front, the trailing twelve-month gross margin is 40.10% percent. In the year ended June 29, operating margins totaled 40.30%. Based on annual data, GOLD earned $4.9 billion in gross profit and brought in $11.98 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 12.40%. Return on equity (ROE) for the past 12 months was 8.10%.

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 $0.26 quarterly earnings, the actual figure was $0.29 per share, beating the consensus estimate by 11.50%. During the quarter, the company generated $1.44 billion in EBITDA. The liabilities of Barrick Gold Corporation were 14.68 billion at the end of its most recent quarter ended June 29, and its total debt was $5.15 billion.

Technical Picture

This quick technical analysis looks at Barrick Gold Corporation’s (GOLD) price momentum. With a historical volatility rate of 36.13%, the RSI 9-day stood at 19.78% on 12 May.

With respect to its five-day moving average, the current Barrick Gold Corporation price is down by -9.84% percent or -$2.22. At present, GOLD shares trade -20.48% below its 20-day simple moving average and +10.60% percent above its 100-day simple moving average. However, the stock is currently trading approximately -12.14% below its SMA50 and -4.69% below its SMA200.

Stochastic coefficient K was 7.86% and Stochastic coefficient D was 8.08%, while ATR was 0.82. Given the Stochastic reading of 8.88% for the 14-day period, the RSI (14) reading has been calculated as 25.80%. As of today, the MACD Oscillator reading stands at -0.95, while the 14-day reading stands at -1.13.

Analyst Ratings

Barrick Gold Corporation downgraded its rating on Barrick Gold Corporation (NYSE: GOLD) to a Mkt perform in a note to investors on April 25, 2022. The analysts firm previously had an Outperform rating on the stock.Barrick Gold Corporation (GOLD) has been rated Overweight by analysts. According to 0 brokerage firms, GOLD is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Barrick Gold Corporation stock as buy, with 14 recommending it as overweight.

With a median target price of $28.00, the current consensus forecast for the stock is $21.50 – $32.08. Based on these forecasts, analysts predict Barrick Gold Corporation (GOLD) will achieve an average price target of $28.18.


Author: Mike Veveers

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