We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The most recent trading session ended with Barrick Gold (GOLD - Free Report) standing at $18.41, reflecting a +0.22% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 1.47%. Meanwhile, the Dow gained 1.39%, and the Nasdaq, a tech-heavy index, added 1.51%.
The gold and copper mining company's shares have seen a decrease of 5.21% over the last month, not keeping up with the Basic Materials sector's loss of 2.19% and the S&P 500's loss of 0.47%.
Analysts and investors alike will be keeping a close eye on the performance of Barrick Gold in its upcoming earnings disclosure. The company's earnings report is set to go public on May 7, 2025. The company's upcoming EPS is projected at $0.29, signifying a 52.63% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.66 per share and a revenue of $14.97 billion, indicating changes of +31.75% and +15.86%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Barrick Gold. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 19.79% higher. Right now, Barrick Gold possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Barrick Gold is currently trading at a Forward P/E ratio of 11.07. This valuation marks a discount compared to its industry's average Forward P/E of 13.23.
We can also see that GOLD currently has a PEG ratio of 0.33. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Mining - Gold industry held an average PEG ratio of 0.58.
The Mining - Gold industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
View the Zacks #1 Rank List
Image: Bigstock
Barrick Gold (GOLD) Rises Yet Lags Behind Market: Some Facts Worth Knowing
The most recent trading session ended with Barrick Gold (GOLD - Free Report) standing at $18.41, reflecting a +0.22% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 1.47%. Meanwhile, the Dow gained 1.39%, and the Nasdaq, a tech-heavy index, added 1.51%.
The gold and copper mining company's shares have seen a decrease of 5.21% over the last month, not keeping up with the Basic Materials sector's loss of 2.19% and the S&P 500's loss of 0.47%.
Analysts and investors alike will be keeping a close eye on the performance of Barrick Gold in its upcoming earnings disclosure. The company's earnings report is set to go public on May 7, 2025. The company's upcoming EPS is projected at $0.29, signifying a 52.63% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.66 per share and a revenue of $14.97 billion, indicating changes of +31.75% and +15.86%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Barrick Gold. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 19.79% higher. Right now, Barrick Gold possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Barrick Gold is currently trading at a Forward P/E ratio of 11.07. This valuation marks a discount compared to its industry's average Forward P/E of 13.23.
We can also see that GOLD currently has a PEG ratio of 0.33. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Mining - Gold industry held an average PEG ratio of 0.58.
The Mining - Gold industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.