Barrick Gold (NASDAQ:GOLD) Stock Price Up 1.6%

Posted by on Jun 16th, 2022

Shares of Barrick Gold Co. (NASDAQ:GOLD – Get Rating) shot up 1.6% during trading on Thursday . The stock traded as high as $19.90 and last traded at $19.87. 803,602 shares changed hands during trading, a decline of 96% from the average session volume of 21,026,000 shares. The stock had previously closed at $19.56.

Separately, StockNews.com started coverage on shares of Barrick Gold in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

The business’s 50-day moving average price is $22.05. The stock has a market capitalization of $35.64 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 8.77 and a beta of 0.32. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.01 and a quick ratio of 3.23.

Barrick Gold (NASDAQ:GOLD – Get Rating) last issued its earnings results on Wednesday, May 4th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.84 billion. Barrick Gold had a return on equity of 6.26% and a net margin of 16.18%. As a group, analysts anticipate that Barrick Gold Co. will post 1.2 earnings per share for the current fiscal year.

About Barrick Gold (NASDAQ:GOLD)

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States.

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