Barrick Gold Corp. (NYSE: GOLD) – Time For Strategy Change?

Barrick Gold Corp. (NYSE:GOLD) currently has a daily average trading volume of 19.29M but it saw 21869380 shares traded in last market. With a market cap of 36.46B USD, the company’s current market price of $20.80 came falling about -1.84 while comparing to the previous closing price of $21.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.35 and as low as $13.76. In the recent trading on the day, stock has struck highest price mark of $20.6 while lowest mark touched by it was $21.1875.

Taking a look at 20-day trading activity of Barrick Gold Corp. (GOLD) gives us an average price of $20.25, while its current price level is -2.58% below from 52-week high level whereas it is 51.16% 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 $20.14 while that of 200 days or SMA-200 reads an average of $17.50. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.37% during that period while stretching the period over a month that decreases to 2.32%. 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 57.43 which implies that the stock is in neutral territory.

Over the week, GOLD’s stock price is moving 4.31% up while it is 1.81% when we observe its performance for the past one month. Year-to-date it is 14.98% up and over the past year, the stock is showing an upside performance of 25.68%.

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 24.15 while having a 11.04 of forward P/E ratio. Stock’s beta reads 0.55. Stock has a price to book (P/B) ratio of 1.54 while price to sale or P/S ratio amounts to 3.09. Its return on asset (ROA) is 3.30% on average.