Stock To Watch: Barrick Gold Corporation (NYSE:ABX)


The leading market experts have placed a mean price target of $23.62 on Barrick Gold Corporation (NYSE:ABX) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.23 a share for the upcoming quarter and $0.69 for the current fiscal.

Technical View

The technical analysis of Barrick Gold Corporation Common plainly substantiates that the 50-day moving average of Barrick Gold Corporation Common is $20.70, and stock is trading $-3.30 points away or -15.94% from its 50-day moving average of $20.70. Further it is trading $-0.42 or -2.34% away its 200-day moving average of $17.82. Barrick Gold Corporation (NYSE:ABX) 52-week high is $23.47 and the 52-week low is $5.91.

This explains if the stock moves $-6.07, it will post a 52-week high. In event of +194.42% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Barrick Gold Corporation Common, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Barrick Gold Corporation (NYSE:ABX) ratio came in at N/A.

The stock last ended the trading session at $17.40 and registered a market cap of $20.28B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Barrick Gold Corporation (NYSE:ABX) PEG ratio is at 0.75.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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