Barrick Gold (GOLD) stock declines as the market gains: what you need to know
IIn the last trading session, Barrick Gold (GOLD) closed at $ 18.23, marking a movement of -1.19% from the previous day. This move fell behind the S&P 500’s 1.21% daily gain.
Prior to today, shares of the gold and copper mining company had lost 7.05% in the past month, behind the basic materials sector’s 3.02% loss and the loss of 0.9 % of the S&P 500 during this period.
The OR will look to show some strength as the next publication of its results approaches. On that day, GOLD is expected to report earnings of $ 0.32 per share, which would be down 21.95% year-over-year. Meanwhile, our latest consensus estimate projects revenue of $ 3.26 billion, down 7.82% from the previous year’s quarter.
For the full year, our Zacks consensus estimates project earnings of $ 1.25 per share and revenue of $ 12.46 billion, which would represent changes of + 8.7% and -1. , 1%, respectively, over the previous year.
Any recent changes in analysts’ estimates for GOLD should also be noted by investors. Recent revisions tend to reflect the latest short-term business trends. As such, the positive estimate revisions reflect the optimism of analysts about the business and profitability of the company.
Our research shows that these changes in estimate are directly correlated with short-term stock prices. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.
Zacks’ ranking system ranges from # 1 (strong buy) to # 5 (strong sell). It has a track record of remarkable and externally verified success, with the No.1 stocks generating an average annual return of + 25% since 1988. Over the past month, Zacks Consensus’s EPS estimate has risen by 0. 34%. GOLD currently has a Zacks rank of # 3 (Hold).
Investors should also note GOLD’s current valuation metrics, including its forward P / E ratio of 14.74. This represents a premium over its industry’s average forward P / E of 14.
We can also see that OR currently has a PEG ratio of 7.37. The PEG ratio is similar to the widely used P / E ratio, but this metric also takes into account the expected profit growth rate of the company. The gold mining industry currently had an average PEG ratio of 2.73 at yesterday’s close.
The Mining – Gold industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 191, which places it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
To follow GOLD in future trading sessions, be sure to use Zacks.com.
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