Short Term Outlook For Barrick Gold Corporation (NYSE:ABX)


Barrick Gold Corporation (NYSE:ABX) closed its last session at $13.65. The stock traded within a range of $13.18 and $13.85. The company operates in the Basic Materials sector with a market capitalization of 16.12 Million. Trading volume for Barrick Gold Corporation was 17.46 Million in its previous trading session. Currently, Barrick Gold Corporation (NYSE:ABX) has an average volume of 11.15 Million.

Company Profile

Barrick Gold Corporation is a leading international gold producer with low-cost mines in North and South America.

Analyst Views

Barrick Gold Corporation (NYSE:ABX) received a Buy rating from 5 analysts. 0 analysts gave its stock an Outperform rating. 10 analysts say it’s a Hold while 0 analysts provided their expert opinion as Sell.

Barrick Gold Corporation (NYSE:ABX) touched its 1-Year High price of $20.78 on 02/17/17 and its 1-Year Low price of $12.60 on 02/09/18.

EPS & Financials

Barrick Gold Corporation (NYSE:ABX) reported its EPS in the last quarter as $0.22/Share beating the analyst estimate of $0.21/Share by a difference of $0.01. This showed a surprise of 4.8% in the last quarter earnings.

For the current quarter, 13 analysts are projecting a mean EPS of $0.2/share. According to their observations and findings, the stock could provide a high EPS of $0.24/share and a low EPS of $0.14/share.

Analysts believe that the company has the potential to earn average revenue of $2.05 Billion for the current quarter. According to their predictions high & low revenue estimates are 2.1 Billion and 2 Billion respectively.

Technical Analysis

By taking a look at the stock’s current statistics it can gauged that the stock candle is BULLISH with HIGH volatility. Barrick Gold Corporation (NYSE:ABX) has a 20-Day average volume of 13.27 Million. According to today’s trading volume Barrick Gold Corporation is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The trend for the past 10-days shows that the company was in BEARISH territory while an analysis of the last 40-Day trend shows a BEARISH signal. The 100-Day trend also shows a BEARISH trend as well.

The company currently has an insider ownership of 0.1 Percent and Institutional ownership of 72.1 Percent. The return on assets stands at 8.5%, Return on Equity currently is 24.3% and the Return on Investment value is 9.5%.

Barrick Gold Corporation (NYSE:ABX) gross margin percentage stands at 39.9% while its operating margin for the past trailing twelve month is 53 percent and its overall profit margin (ttm) is 25.7 Percent. The stock is currently moving below its 20-Day Simple Moving Average of -3.08% with a 50-Day Simple Moving Average of -4.25 percent. As of today, the company has a SMA200 (200-day simple moving average) of -12.83 Percent. The Stock has YTD (year to date) performance of -5.67 percent.

The TTM operating margin for the company stands at 53%. The return on invested capital is at 9.5%, which is good, compared to its peers. The Free Cash Flow or FCF margin is 23.1.

The company’s stock is currently moving with a -ve distance from the 200 day SMA of approximately -12.83%, and has a solid year to date (YTD) performance of -5.67% which means that the stock is constantly adding to its value from the previous fiscal year end price.