Barrick Gold Corp (GOLD) At $15.84 Offering A Unique Opportunity

money audit

Barrick Gold Corp (NYSE:GOLD) currently has a daily average trading volume of 20.75M but it saw 23459483 shares traded in last market. With a market cap of 27.69B USD, the company’s current market price of $15.84 came rising about 1.73 while comparing to the previous closing price of $15.57. 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 $15.5405 while lowest mark touched by it was $15.89.

Taking a look at 20-day trading activity of Barrick Gold Corp (GOLD) gives us an average price of $16.00, while its current price level is -25.81% below from 52-week high level whereas it is 15.12% 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 $17.18 while that of 200 days or SMA-200 reads an average of $17.98. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.18% during that period while stretching the period over a month that increases to 2.21%. 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 42.78 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 2.19% up while it is -5.55% when we observe its performance for the past one month. Year-to-date it is 2.19% up and over the past year, the stock is showing a downside performance of -10.46%.

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 17.08 while having a 9.00 of forward P/E ratio. Stock’s beta reads 0.54. Stock has a price to book (P/B) ratio of 1.16 while price to sale or P/S ratio amounts to 2.25. Its return on asset (ROA) is 3.50% on average.