Barrick Gold (GOLD) closed the most recent trading day at $15.81, moving +0.44% from the previous trading session. This move lagged the S&P 500's daily gain of 1.06%. Elsewhere, the Dow saw an upswing of 0.93%, while the tech-heavy Nasdaq appreciated by 1.2%.
The gold and copper mining company's shares have seen a decrease of 5.41% over the last month, not keeping up with the Basic Materials sector's loss of 4.64% and the S&P 500's loss of 3%.
The upcoming earnings release of Barrick Gold will be of great interest to investors. In that report, analysts expect Barrick Gold to post earnings of $0.23 per share. This would mark year-over-year growth of 76.92%. Meanwhile, the latest consensus estimate predicts the revenue to be $3 billion, indicating a 18.67% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, Dexwirenews predict earnings of $0.87 per share and a revenue of $11.88 billion, indicating changes of +16% and +7.85%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Barrick Gold. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
In terms of valuation, Barrick Gold is currently trading at a Forward P/E ratio of 18.03. This indicates a discount in contrast to its industry's Forward P/E of 19.47.
It's also important to note that GOLD currently trades at a PEG ratio of 1.46. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Mining - Gold was holding an average PEG ratio of 1.9 at yesterday's closing price.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 190, placing it within the bottom 25% of over 250 industries.
The gold and copper mining company's shares have seen a decrease of 5.41% over the last month, not keeping up with the Basic Materials sector's loss of 4.64% and the S&P 500's loss of 3%.
The upcoming earnings release of Barrick Gold will be of great interest to investors. In that report, analysts expect Barrick Gold to post earnings of $0.23 per share. This would mark year-over-year growth of 76.92%. Meanwhile, the latest consensus estimate predicts the revenue to be $3 billion, indicating a 18.67% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, Dexwirenews predict earnings of $0.87 per share and a revenue of $11.88 billion, indicating changes of +16% and +7.85%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Barrick Gold. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
In terms of valuation, Barrick Gold is currently trading at a Forward P/E ratio of 18.03. This indicates a discount in contrast to its industry's Forward P/E of 19.47.
It's also important to note that GOLD currently trades at a PEG ratio of 1.46. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Mining - Gold was holding an average PEG ratio of 1.9 at yesterday's closing price.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 190, placing it within the bottom 25% of over 250 industries.
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