The Week Ahead: Are Investors Really Too Optimistic About Barrick Gold Corp. (NYSE: GOLD)

Barrick Gold Corp. (NYSE:GOLD) currently has a daily average trading volume of 19.98M but it saw 24810547 shares traded in last market. With a market cap of 35.17B USD, the company’s current market price of $20.06 came falling about -2.05 while comparing to the previous closing price of $20.48. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.13 and as low as $13.76. In the recent trading on the day, stock has struck highest price mark of $20.05 while lowest mark touched by it was $20.95.

Taking a look at 20-day trading activity of Barrick Gold Corp. (GOLD) gives us an average price of $20.06, while its current price level is -5.06% below from 52-week high level whereas it is 45.78% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $19.07 while that of 200 days or SMA-200 reads an average of $17.16. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.61% during that period while stretching the period over a month that decreases to 2.29%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.27 which implies that the stock is in neutral territory.

Over the week, GOLD’s stock price is moving 1.52% up while it is -0.74% when we observe its performance for the past one month. Year-to-date it is 10.89% up and over the past year, the stock is showing an upside performance of 20.26%.

Currently, Barrick Gold Corp.’s total number of outstanding shares is 1.76B. Company’s return on investment (ROI) stands at 5.34% and return on equity (ROE) at 6.51%. It has a price to earnings ratio (P/E ratio) of 23.29 while having a 11.82 of forward P/E ratio. Stock’s beta reads 0.55. Stock has a price to book (P/B) ratio of 1.49 while price to sale or P/S ratio amounts to 2.98. Its return on asset (ROA) is 3.30% on average.