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Analyzing Market Trends in GOLD Stock

Large-cap Basic Materials company Barrick Gold has logged a -1.7% change today on a trading volume of 2,358,883. The average volume for the stock is 26,107,395.

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. The company is now trading -21.96% away from its average analyst target price of $24.45 per share. The 14 analysts following the stock have set target prices ranging from $19.0 to $31.5, and on average give Barrick Gold a rating of buy.

Over the last 52 weeks, GOLD stock has risen 13.6%, which amounts to a 6.0% difference compared to the S&P 500. The stock's 52 week high is $21.35 whereas its 52 week low is $15.11 per share. With its net margins declining an average -14.0% over the last 6 years, Barrick Gold may not have a strong enough profitability trend to support its stock price.

Date Reported Total Revenue ($ k) Net Profit ($ k) Net Margins (%) YoY Growth (%)
2024 12,922,000 2,144,000 17 54.55
2023 11,397,000 1,272,000 11 175.0
2022 11,013,000 432,000 4 -76.47
2021 11,985,000 2,022,000 17 -5.56
2020 12,595,000 2,324,000 18 -56.1
2019 9,717,000 3,969,000 41
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.

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