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GOLD
Stock ticker: NYSE
AS OF
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Price
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Capitalization
27.74B

GOLD Price Prediction, Barrick Gold Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for GOLD with price predictions
08:00 PM EDT Sep 21, 2023

Aroon Indicator for GOLD shows an upward move is likely

GOLD's Aroon Indicator triggered a bullish signal on September 22, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 237 similar instances where the Aroon Indicator showed a similar pattern. In of the 237 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GOLD's RSI Oscillator exited the oversold zone, of 31 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 September 15, 2023. 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 August 28, 2023. Looking at past instances where GOLD's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

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 .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where GOLD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

GOLD moved below its 50-day moving average on September 19, 2023 date and that indicates a change from an upward trend to a downward trend.

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 .

GOLD broke above its upper Bollinger Band on September 15, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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.

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 (1.214) is normal, around the industry mean (9.858). P/E Ratio (274.167) is within average values for comparable stocks, (67.470). Projected Growth (PEG Ratio) (1.311) is also within normal values, averaging (5.008). Dividend Yield (0.029) settles around the average of (0.049) among similar stocks. P/S Ratio (2.578) is also within normal values, averaging (145.314).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock slightly better than average.

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 SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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.

A.I. Advisor
published Earnings

GOLD is expected to report earnings to rise 49.53% to 28 cents per share on November 02

Barrick Gold Corp GOLD Stock Earnings Reports
Q3'23
Est.
$0.28
Q2'23
Beat
by $0.02
Q1'23
Beat
by $0.01
Q4'22
Beat
by $0.01
Q3'22
Missed
by $0.06
The last earnings report on August 08 showed earnings per share of 18 cents, beating the estimate of 17 cents. With 13.75M shares outstanding, the current market capitalization sits at 27.74B.
A.I.Advisor
published Dividends

GOLD paid dividends on September 15, 2023

Barrick Gold Corp GOLD Stock Dividends
А dividend of $0.10 per share was paid with a record date of September 15, 2023, and an ex-dividend date of August 30, 2023. Read more...
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Newmont Corp (NYSE:NEM), Barrick Gold Corp (NYSE:GOLD), Wheaton Precious Metals Corp (NYSE:WPM), Gold Fields Ltd (NYSE:GFI), Kinross Gold Corp (NYSE:KGC), Pan American Silver Corp (NYSE:PAAS), SSR Mining (NASDAQ:SSRM), Hecla Mining Company (NYSE:HL), FIRST MAJESTIC SILVER Corp (NYSE:AG).

Industry description

The Precious Metals industry is engaged in exploring/mining metals that are considered to be rare and/or have a high economic value. Popular precious metals include gold, platinum and silver - all three of which are largely used in jewelry, art and coinage alongwith having some industrial uses as well. Precious metals used in industrial processes include iridium, (used in specialty alloys), and palladium ( used in electronics and chemical applications). Historically, precious metals have traded at much higher prices than common industrial metals. Newmont Goldcorp Corp, Barrick Gold Corp and Freeport-McMoRan are few of the major precious metals producing companies in the U.S.

Market Cap

The average market capitalization across the Precious Metals Industry is 902.68M. The market cap for tickers in the group ranges from 575 to 47.49B. ZIJMY holds the highest valuation in this group at 47.49B. The lowest valued company is DRIFF at 575.

High and low price notable news

The average weekly price growth across all stocks in the Precious Metals Industry was -0%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 8%. TROYF experienced the highest price growth at 155%, while SILS experienced the biggest fall at -50%.

Volume

The average weekly volume growth across all stocks in the Precious Metals Industry was -56%. For the same stocks of the Industry, the average monthly volume growth was -22% and the average quarterly volume growth was -29%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 75
Price Growth Rating: 64
SMR Rating: 88
Profit Risk Rating: 86
Seasonality Score: -14 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a miner and explorer of gold

Industry PreciousMetals

Profile
Fundamentals
Details
Industry
Precious Metals
Address
161 Bay Street, Brookfield Place
Phone
+1 416 307-7405
Employees
22600
Web
https://www.barrick.com
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GOLD and

Correlation & Price change

A.I.dvisor indicates that over the last year, GOLD has been closely correlated with AEM. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if GOLD jumps, then AEM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GOLD
1D Price
Change %
GOLD100%
-1.50%
AEM - GOLD
88%
Closely correlated
-0.06%
NEM - GOLD
87%
Closely correlated
+0.54%
RGLD - GOLD
86%
Closely correlated
-0.97%
KGC - GOLD
86%
Closely correlated
-0.40%
WPM - GOLD
85%
Closely correlated
+0.02%
More