Full Answer
Is Barrick Gold (gold) stock on the decline?
For comparison, its daily average trading volume is closer to 8.3 million shares. Barrick Gold (NYSE: GOLD) stock is also on the decline with shares losing more than 5% of their value today.
What does Barrick Gold do for a living?
Barrick Gold Corp. engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development. It operates through the following segments: Barrick Nevada, Veladero, Pueblo Viejo, Lagunas Norte, Turquoise Ridge, Acacia, and Pascua-Lama.
What happened to gold stocks?
GLD, GOLD, GDX, KGC News of the falling price of gold on Thursday has shares in several gold stocks taking a similar beating. The falling gold price news comes as the Federal Reserve signals it may increase interest rates sooner rather than later. That resulted in the value of gold declining while the U.S. dollar increased.
How did Barrick Gold's earnings compare to analysts' estimates?
The gold and copper producer earned $2.89 billion during the quarter, compared to analyst estimates of $2.92 billion. Barrick Gold had a net margin of 19.86% and a trailing twelve-month return on equity of 7.40%. The firm's revenue for the quarter was down 5.3% on a year-over-year basis.
Why Barrick gold is down?
Barrick's gold production over Q1 also fell 10% versus last year, on account of lower output at its Carlin and Cortez mines in Nevada, while the company's profits have also come under some pressure due to supply chain issues and an increase in costs related to Covid-19.
Is Barrick gold a buy right now?
We rate GOLD as a buy with a bullish outlook on the gold metal price. We expect the stock to outperform the upside in percentage terms. There's a lot to like about Barrick Gold as an excellent way to capture exposure to themes in precious metals.
Is Barrick gold stock forecast?
Stock Price Forecast The 20 analysts offering 12-month price forecasts for Barrick Gold Corp have a median target of 28.00, with a high estimate of 31.75 and a low estimate of 21.50. The median estimate represents a +58.37% increase from the last price of 17.68.
Is Barrick gold a hold?
USD 17.69 0.70 3.81% Given the investment horizon of 90 days and your typical level of risk aversion, our recommendation regarding Barrick Gold Corp is 'Hold'.
What is Barrick Gold known for?
Barrick is a sector-leading gold and copper producer, operating mines and projects in 18 countries in North and South America, Africa, Papua New Guinea and Saudi Arabia. Our portfolio spans the world's most prolific gold and copper districts and is focused on high-margin, long-life assets.
Should I buy gold stock?
Gold stocks are typically more appealing to growth investors than to income investors. Gold stocks generally rise and fall with the price of gold, but there are well-managed mining companies that are profitable even when the price of gold is down. Increases in the price of gold are often magnified in gold-stock prices.
What is the price target for Barrick gold?
Stock Price Target GOLDHigh$31.75Median$28.00Low$21.50Average$28.04Current Price$17.69
What is gold doing today on the stock market?
Stock Quote (U.S.: NYSE) | MarketWatch....$ 18.80.CloseChgChg %$18.780.231.24%7 days ago
What did gold close at today?
MONEX Live Gold Spot PricesGold Spot PricesTodayChangeGold Prices Per Ounce$1,809.00-11.00Gold Prices Per Gram$58.16-0.35Gold Prices Per Kilo$58,159.35-353.65
Is it better to buy gold or gold stocks?
Relying on stocks as the only investment is an issue during an economic downturn. Gold performs better when the stock market is down which has been the case in past recessions. While gold is a safe haven during an economic crisis, it also can be a safety net during a recession.
What is the highest Barrick Gold stock?
The latest closing stock price for Barrick Gold as of June 30, 2022 is 17.69. The all-time high Barrick Gold stock closing price was 55.63 on April 21, 2011.
How does Barrick Gold make money?
Barrick Gold is primarily a gold and copper producer with mining operations mainly in the US, Latin America, and Africa. Gold mining is the largest and fastest growing operating division of the company, contributing 96% of total revenues in 2019.
Is Barrick Gold stock a Buy, Sell or Hold?
Barrick Gold stock has received a consensus rating of buy. The average rating score is and is based on 4 buy ratings, 2 hold ratings, and 0 sell ra...
What was the 52-week low for Barrick Gold stock?
The low in the last 52 weeks of Barrick Gold stock was 17.27. According to the current price, Barrick Gold is 116.33% away from the 52-week low.
What was the 52-week high for Barrick Gold stock?
The high in the last 52 weeks of Barrick Gold stock was 26.07. According to the current price, Barrick Gold is 77.08% away from the 52-week high.
What are analysts forecasts for Barrick Gold stock?
The 6 analysts offering price forecasts for Barrick Gold have a median target of 29.17, with a high estimate of 35.00 and a low estimate of 24.00....