Barrick Gold (GOLD – Free report) closed at $ 16.56 in the last trade session, so that a +1.16% of the previous day was marked. This movement exceeded the daily loss of S&P 500 of 0.76%. On the other hand, the DOW registered a loss of 0.28%and the Nasdaq focused on technology fell by 1.2%.
Shares of the Gold and Copper Mining Company have appreciated by 3.35% in the course of the past month, which supports the profit of the basic material sector of 5.86% and performs better than the profit of the S&P 500 of 2, 71%.
Investors will eagerly look forward to the performance of Barrick Gold in the upcoming disclosure of profit. The company’s winning report will be unveiled on 12 February 2025. The company is expected to report a profit per share of $ 0.45, an increase of 66.67% compared to last year’s quarter.
Recent changes in estimates by analysts for Barrick Gold must also be noticed by investors. These recent revisions reflect the tendency to display the developing nature of business trends in the short term. That is why positive changes in estimates mean the optimism of analysts with regard to the business and profitability of the company.
Our research shows that this estimate changes are immediately correlated with stock prices in the short term. To benefit from this, we have developed the Zacks ranking, our own model that takes into account this estimate changes and offers a usable assessment system.
The Zacks ranking system, ranging from #1 (strong purchase) to #5 (strong sales), has a remarkable history of violation, externally checked, with #1 shares that since 1988 return an average annual profit of +25%. In the past for 30 days our consensus -EPS projection has risen 10.3% lower. Barrick Gold is currently a Zacks Rank #3 (Hold).
Investors must also notice the current valuation statistics of Barrick Gold, including the forward p/e ratio of 10.36. This indicates a discount in contrast to the forward p/e of the 10.69 industry.
It is also worth noting that gold currently has a PEG ratio of 0.36. This metric is used in the same way as the famous P/E ratio, but the PEG ratio also takes into account the expected profit growth of the share. The mining – gold had an average PEG ratio of 0.61 against yesterday’s final race.
The mining industry is part of the basic material sector. This industry currently has a Zacks industry rank of 84 and positions it in the top 34% of all 250+ industries.
The rank of the Zacks industry evaluates the power of our different industrial groups by determining the average Zacks rang of the individual shares that form the groups. Our research shows that the top 50% assessed industries surpass the lower half by a factor of 2 to 1.
Don’t forget to apply Zacks.com to follow this and more stock of moving statistics during the upcoming trade sessions.