Alert: Positive Investment/Fundamental Signals (4/3/24)-Barrick Gold Corp (NYSE: GOLD)


Extremely important positive changes in investment behavior have recently occurred for Barrick Gold Corp (NYSE: GOLD): the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.

Small positive changes in fundamentals have recently occurred for Barrick Gold Corp (NYSE: GOLD): the consensus estimate for December, 2024 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

GOLD is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Barrick Gold has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Barrick Gold has a slightly positive Appreciation Score of 70 but a slightly negative Power Rating of 33, and the Neutral Value Trend Rating results.

Recent Price Action

Barrick Gold Corp (NYSE: GOLD) stock increased 1.4% on 4/3/24. The shares closed at $17.42. Moreover, trading volume in this advance was above average at 128% of normal. The stock has risen 11.9% during the last week and has performed in line with the market over the last nine months.

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