(GOLD) Barrick Gold - Ratings and Ratios

Barrick Gold Corporation (NYSE:GOLD) is a leading global gold and copper producer with a diversified portfolio of assets spanning multiple regions. The company specializes in the exploration, development, and production of gold and copper, with additional operations in silver and energy materials. Its gold mines are located in Argentina, Canada, Côte dIvoire, the Democratic Republic of Congo, the Dominican Republic, Papua New Guinea, Tanzania, and the United States. Copper operations are centered in Chile, Saudi Arabia, and Zambia. The company also holds interests in various exploration and development projects across the Americas, Asia, and Africa. Barrick Gold Corporation was established in 1983 and is headquartered in Toronto, Canada.

As of the latest data, Barrick Gold Corporation has a market capitalization of approximately $34.7 billion USD. The stock currently trades at $20.17, with a price-to-earnings (P/E) ratio of 16.53 and a forward P/E of 11.75. The price-to-book (P/B) ratio stands at 1.43, indicating a moderate valuation relative to its book value. The return on equity (RoE) is 8.83%, reflecting its profitability. The average 20-day volume is 25,402,850 shares, with a current ATR (Average True Range) of 0.72, suggesting moderate volatility.

3-Month Forecast: Based on the provided and , Barrick Gold Corporations stock is expected to face resistance at the SMA 20 ($19.30) and SMA 50 ($18.66) levels, while support is anticipated at $18.8, $18.2, and $17.6. The stocks current price of $20.17 suggests a potential upward trend, but the relatively high P/E ratio of 16.53 could act as a headwind. The forward P/E of 11.75 indicates market expectations of improved earnings, which could support the stock price in the near term. The ATR of 0.72 suggests that price fluctuations may remain moderate, with potential volatility influenced by broader market conditions and commodity prices.

Web URL: https://www.barrick.com