At the last market close, Barrick Gold (GOLD – Free Report) reached $19.66, with a move of -1.11% compared to the previous day. This change lagged the S&P 500’s 0.97% gain on the day. Elsewhere, the Dow Jones rose 0.3%, while the tech-heavy Nasdaq rose 1.45%.
Shares of the gold and copper mining company have risen 3.11% over the past month, lagging the Basic Materials sector’s gain of 7.4% and the S&P 500’s gain of 5.41%.
The investment community will be paying close attention to Barrick Gold’s earnings performance in the upcoming release. The company is expected to report earnings per share of $0.35, an increase of 45.83% compared to the same quarter of the previous year.
In terms of the full fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.27 per share and revenue of $13.3 billion, indicating changes of +51.19% and +16.73%, respectively, from the previous year.
Investors should also pay attention to any latest changes to analyst estimates for Barrick Gold. These recent revisions often reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Based on our research, we believe these estimate revisions are directly related to stock movements within the team. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks averaging +25% per year since 1988. year returns. There has been a 4.57% increase in the Zacks Consensus EPS estimate over the past month. Barrick Gold currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Barrick Gold is currently trading at a price-to-earnings ratio of 15.6. This represents a premium compared to the industry’s average forward price-to-earnings ratio of 15.21.
It is also worth noting that GOLD currently has a PEG ratio of 0.47. The PEG ratio is similar to the commonly used price-to-earnings ratio, but this parameter also includes the company’s expected earnings growth trajectory. The GOLD sector had an average PEG ratio of 0.79 at yesterday’s close.
The Mining Gold Industry is part of the Basic Materials Sector. This group has a Zacks Industry Rank of 80, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank measures the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% of sectors perform better than the bottom half by a factor of 2 to 1.
Keep in mind that you can rely on Zacks.com to see all of these metrics impacting the stock, and more, in subsequent trading sessions.