Barrick Gold (GOLD – Free report) closed at $ 18.78 in the last trade session, which marks a +0.27% movement from the previous day. This change remained on the day of 2.13% of the S&P 500 in the day. Elsewhere, the Dow saw an increase of 1.65%, while the technically heavy Nasdaq was appreciated by 2.61%.
The shares of the gold and copper mining company have risen by 1.57% in the past month, which exceeds the loss of 4.39% and the loss of S&P 500 of 9.57%.
Both analysts and investors will keep a close eye on the performance of Barrick Gold in the upcoming disclosure of profit. The company would report a profit per share of $ 0.25, with an upward movement of 31.58% from the corresponding quarter of the previous year.
For the full year, the estimates of the Zacks -Consensus project a profit of $ 1.47 per share and a turnover of $ 13.52 billion, which would represent changes of +16.67% and +4.65% of the previous year respectively.
It is also important that investors are aware of recent changes to estimates by analysts for Barrick Gold. These revisions help to show the ever -changing nature of business trends in the short term. As a result, we can interpret positive estimation revisions as a good sign for the business prospects of the company.
Our research shows that this estimate changes are immediately correlated with stock prices in the short term. To use this, we have created the Zacks rank, our own model that changes this estimate and offers a functional assessment system.
The Zacks Rank system, which runs from #1 (Strong Buy) to #5 (Strong Sell), has an admirable track record of superior performance, independently controlled, with #1 shares that have contributed an average annual return of +25% since 1988. In the past month, the estimate of the Zacks Consensus EPS has shifted down. Barrick Gold currently has a Zacks rang of #5 (Strong Sell).
Barrick Gold digs in the rating and currently has a forward p/e ratio of 12.73. This means a discount compared to the average forward p/e of 13.34 for his industry.
We can also see that gold currently has a PEG ratio of 0.44. The PEG ratio is comparable to the commonly used P/E ratio, but this metric also takes into account the expected growth of the company. Gold’s industry had an average PEG ratio of 0.88 from the end of yesterday.
The mining industry is part of the basic material sector. With its current rank of Zacks Industry of 159, this industry is in the lower 37% of all industries, with a number of more than 250.
The Zacks industry ranks the strength of our industrial groups by measuring the average Zacks rang of the individual shares within the groups. Our research shows that the top 50% assessed industries surpass the lower half by a factor of 2 to 1.
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