Barrick gold (GOLD – Free Report) closed the most recent trading day at $15.77, up -1.31% from the previous trading session. The stock’s change was less than the S&P 500’s daily gain of 0.61%. Elsewhere, the Dow Jones rose 0.3%, while the tech-heavy Nasdaq rose 1.28%.
Prior to today’s trading, shares of the gold and copper mining company had gained 1.72% over the past month. This lagged the Basic Materials sector’s gain of 2.33% and the S&P 500’s gain of 2.08% in that time.
The investment community will be paying close attention to Barrick Gold’s earnings performance in the upcoming release. The company will announce its earnings results on February 12, 2025. The company is expected to report earnings per share of $0.46, up 70.37% from the prior-year quarter.
Investors should also pay attention to any latest changes to analyst estimates for Barrick Gold. Recent revisions generally reflect the latest short-term business trends. Thus, positive estimate changes indicate 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 leverage this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks delivering an average annual return of +25 since 1988 % generated. Over the past 30 days, the Zacks Consensus EPS estimate has witnessed a decline of 7.38%. Barrick Gold currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Barrick Gold is currently trading with a price-to-earnings ratio of 9.8. This indicates a discount to its industry’s average forward price-to-earnings ratio of 9.98.
Investors should also note that GOLD currently has a PEG ratio of 0.31. The PEG ratio is similar to the commonly used price-to-earnings ratio, but this metric also takes into account the company’s expected earnings growth. The Mining Gold Index had an average PEG ratio of 0.59 at yesterday’s close.
The Mining Gold Industry is part of the Basic Materials Sector. Currently, this sector has a Zacks Industry Rank of 80, putting it in the top 32% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% of sectors perform better than the bottom half by a factor of 2 to 1.
Be sure to utilize Zacks.com to stay informed on all of these stock-moving metrics, among others, over the next few trading sessions.