Barrick Gold ($GOLD) Tumbles -7.12% Amidst Precious Metals Industry Downtrend 📉💰
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Market Snapshot: A Rough Week for Barrick Gold
Barrick Gold Corporation (GOLD), a giant in the Precious Metals Industry, witnessed a significant weekly slump, closing at $15.13, a -7.12% drop. This downturn mirrors a broader industry trend, with 88.89% of stocks in the sector showing a downtrend.
Earnings Overview: A Silver Lining?
Despite the recent decline, GOLD's earnings report on November 02 was a bright spot, posting 23 cents per share, surpassing the 20 cents expectation. With a robust market cap of $26.68B, GOLD remains a heavyweight in its sector.
Dividend Payouts: Consistent Shareholder Returns
Barrick Gold maintains its commitment to shareholders with a regular dividend, the latest being $0.10 per share. Such payouts offer a semblance of stability in turbulent market waters.
Industry Landscape: Precious Metals in Focus
The Precious Metals Industry, encompassing renowned names like Newmont, Wheaton Precious Metals, and Kinross Gold, has been under pressure. These companies, much like GOLD, have faced challenges, including fluctuating commodity prices and market volatility.
Market Cap Dynamics: Industry Overview
The industry's average market cap stands at 913.93M, showcasing a mix of large and small players. While Barrick Gold boasts one of the higher valuations, the industry's diversity signals varied investor opportunities.
Price Trends: A Mixed Bag
The Precious Metals Industry's average weekly price growth was -1%, with GOLD experiencing one of the steeper declines. This contrasted with some exceptional gains, like ELMGD's 889% surge, indicating pockets of volatility and opportunity.
Volume Analysis: Investor Interest Measured
A modest 1% weekly volume growth across the industry points to steady investor interest, despite the prevailing downtrend in prices.
Fundamental Analysis: Decoding GOLD's Numbers
Barrick Gold's fundamental analysis ratings paint a mixed picture:
- Valuation Rating: 52
- P/E Growth Rating: 74
- Price Growth Rating: 51
- SMR Rating: 89
- Profit Risk Rating: 87
- Seasonality Score: -3
Looking Ahead: GOLD's Prospects
Despite the week's downturn, GOLD's solid earnings and commitment to dividends could offer some reassurance to investors. The broader industry's challenges, however, suggest a cautious approach, especially considering global economic trends affecting precious metal prices.
As we navigate a complex market landscape, Barrick Gold's journey reminds us of the unpredictable nature of commodity-based stocks. Investors should keep an eye on global economic indicators, currency fluctuations, and industry-specific developments for informed decision-making.
Stay tuned for more updates and analysis on GOLD and the Precious Metals Industry. 💼🌐📈
GOLD's Stochastic Oscillator stays in overbought zone for 4 days
The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GOLD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GOLD's RSI Indicator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 11, 2025. You may want to consider a long position or call options on GOLD as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for GOLD just turned positive on April 11, 2025. Looking at past instances where GOLD's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
GOLD moved above its 50-day moving average on April 09, 2025 date and that indicates a change from a downward trend to an upward trend.
The 50-day moving average for GOLD moved above the 200-day moving average on April 03, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GOLD advanced for three days, in of 302 cases, the price rose further within the following month. The odds of a continued upward trend are .
GOLD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 204 cases where GOLD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.268) is normal, around the industry mean (6.935). P/E Ratio (23.417) is within average values for comparable stocks, (87.906). Projected Growth (PEG Ratio) (1.923) is also within normal values, averaging (8.405). Dividend Yield (0.024) settles around the average of (0.039) among similar stocks. P/S Ratio (2.596) is also within normal values, averaging (143.699).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GOLD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GOLD’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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Industry description
Market Cap
High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a miner and explorer of gold
Industry PreciousMetals