Barrick Gold Corp (GOLD) At $16.95 Offering A Unique Opportunity

Barrick Gold Corp (NYSE:GOLD) currently has a daily average trading volume of 21.27M but it saw 29826862 shares traded in last market. With a market cap of 29.63B USD, the company’s current market price of $16.95 came falling about -2.42 while comparing to the previous closing price of $17.37. 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 $16.81 while lowest mark touched by it was $17.55.

Taking a look at 20-day trading activity of Barrick Gold Corp (GOLD) gives us an average price of $17.51, while its current price level is -20.61% below from 52-week high level whereas it is 23.18% 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 $19.00 while that of 200 days or SMA-200 reads an average of $17.90. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.23% during that period while stretching the period over a month that increases to 2.33%. 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 35.85 which implies that the stock is in neutral territory.

UBS downgraded its recommendation for the stock as a “Neutral” from “Buy” on October 30, 2024 while assigning a price target range of $23-$22.

Over the week, GOLD’s stock price is moving -3.53% down while it is -10.22% when we observe its performance for the past one month. Year-to-date it is -6.30% down and over the past year, the stock is showing a downside performance of -2.70%.

Currently, Barrick Gold Corp’s total number of outstanding shares is 1.75B. Company’s return on investment (ROI) stands at 5.70% and return on equity (ROE) at 6.95%. It has a price to earnings ratio (P/E ratio) of 18.28 while having a 9.35 of forward P/E ratio. Stock’s beta reads 0.52. Stock has a price to book (P/B) ratio of 1.24 while price to sale or P/S ratio amounts to 2.41. Its return on asset (ROA) is 3.50% on average.