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. 💼🌐📈
Momentum Indicator for GOLD turns negative, indicating new downward trend
GOLD saw its Momentum Indicator move below the 0 level on December 12, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 89 similar instances where the indicator turned negative. In of the 89 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for GOLD turned negative on December 17, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 .
The Aroon Indicator for GOLD entered a downward trend on November 26, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GOLD advanced for three days, in of 303 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 Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously 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 (6.734). P/E Ratio (23.417) is within average values for comparable stocks, (83.981). Projected Growth (PEG Ratio) (1.923) is also within normal values, averaging (8.405). Dividend Yield (0.024) settles around the average of (0.040) among similar stocks. P/S Ratio (2.596) is also within normal values, averaging (140.939).
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. GOLD’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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 89, placing this stock worse 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.
Notable companies
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