Look Past The Setbacks And Give Barrick Gold Corp (NYSE: GOLD) Another Chance

Barrick Gold Corp (NYSE:GOLD) currently has a daily average trading volume of 25.61M but it saw 19777458 shares traded in last market. With a market cap of 31.59B USD, the company’s current market price of $18.37 came falling about -3.52 while comparing to the previous closing price of $19.04. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.35 and as low as $15.11. In the recent trading on the day, stock has struck highest price mark of $18.28 while lowest mark touched by it was $18.63.

Taking a look at 20-day trading activity of Barrick Gold Corp (GOLD) gives us an average price of $19.30, while its current price level is -13.96% below from 52-week high level whereas it is 21.58% 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 $18.95 while that of 200 days or SMA-200 reads an average of $18.42. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.00% during that period while stretching the period over a month that increases to 3.93%. 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 42.29 which implies that the stock is in neutral territory.

UBS upgraded its recommendation for the stock as a “Buy” from “Neutral” on March 05, 2025 while assigning a price target of $22. BofA Securities issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $21 and $18.

Over the week, GOLD’s stock price is moving -5.36% down while it is -6.56% when we observe its performance for the past one month. Year-to-date it is 18.52% up and over the past year, the stock is showing an upside performance of 6.06%.

Currently, Barrick Gold Corp’s total number of outstanding shares is 1.73B with 0.78% of that held by the insiders while 61.58% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 7.39% and return on equity (ROE) at 9.00%. It has a price to earnings ratio (P/E ratio) of 15.00 while having a 8.51 of forward P/E ratio. Stock’s beta reads 0.24. Stock has a price to book (P/B) ratio of 1.31 while price to sale or P/S ratio amounts to 2.44. Its return on asset (ROA) is 4.59% on average.