Key Considerations Before Investing in Gold

By Kim Brooks • Saturday, October 19 15:11 • Permanent Link

Barrick Gold logged a 2.9% change during today's afternoon session, and is now trading at a price of $20.92 per share. The S&P 500 index moved 0.0%. GOLD's trading volume is 22,198,663 compared to the stock's average volume of 19,147,590.

Barrick Gold trades -13.41% away from its average analyst target price of $24.16 per share. The 16 analysts following the stock have set target prices ranging from $21.82 to $28.0, and on average have given Barrick Gold a rating of buy.

Anyone interested in buying GOLD should be aware of the facts below:

Barrick Gold has moved 22.9% over the last year, and the S&P 500 logged a change of 38.5%
Based on its trailing earnings per share of 0.86, Barrick Gold has a trailing 12 month Price to Earnings (P/E) ratio of 24.3 while the S&P 500 average is 29.3
GOLD has a forward P/E ratio of 11.7 based on its forward 12 month price to earnings (EPS) of $1.79 per share
The company has a price to earnings growth (PEG) ratio of 2.37 — a number near or below 1 signifying that Barrick Gold is fairly valued compared to its estimated growth potential
Its Price to Book (P/B) ratio is 1.55 compared to its sector average of 2.64
Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.