Barrick Gold (NYSE:GOLD) Stock Passes Above Two Hundred Day Moving Average of $17.43

Posted by on Jan 17th, 2020

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Barrick Gold Corp (NYSE:GOLD) (TSE:ABX)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.43 and traded as high as $17.98. Barrick Gold shares last traded at $17.75, with a volume of 8,892,982 shares.

Several research firms have recently issued reports on GOLD. ValuEngine lowered Barrick Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. National Bank Financial restated an “outperform overweight” rating on shares of Barrick Gold in a research report on Thursday, October 3rd. Finally, Bank of America raised their price target on Barrick Gold from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $15.95.

The company has a fifty day simple moving average of $17.71 and a two-hundred day simple moving average of $17.45. The company has a quick ratio of 1.76, a current ratio of 2.99 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $32.16 billion, a P/E ratio of 51.44, a price-to-earnings-growth ratio of 12.96 and a beta of -0.37.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.05. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. Barrick Gold had a return on equity of 3.60% and a net margin of 15.85%. As a group, equities analysts forecast that Barrick Gold Corp will post 0.53 earnings per share for the current year.

About Barrick Gold (NYSE:GOLD)

Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zalda­var, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.

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