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GOLD
Stock ticker:
NYSE
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Capitalization
30.05B

GOLD Price Prediction, Barrick Gold Corp AI Recommendations

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

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for GOLD with price predictions
08:00 PM EDT Jun 01, 2023

Momentum Indicator for GOLD turns negative, indicating new downward trend

GOLD saw its Momentum Indicator move below the 0 level on May 16, 2023. 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 87 similar instances where the indicator turned negative. In of the 87 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for GOLD turned negative on May 10, 2023. 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 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

GOLD moved below its 50-day moving average on May 17, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for GOLD crossed bearishly below the 50-day moving average on May 22, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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 June 02, 2023. 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 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 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 60 cases where GOLD's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 298 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.

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 fair valued 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 (1.338) is normal, around the industry mean (18.680). P/E Ratio (285.714) is within average values for comparable stocks, (66.863). Projected Growth (PEG Ratio) (1.793) is also within normal values, averaging (5.090). Dividend Yield (0.032) settles around the average of (0.047) among similar stocks. P/S Ratio (2.828) is also within normal values, averaging (143.951).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady 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 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 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.

A.I. Advisor
published Earnings

GOLD is expected to report earnings to rise 50.64% to 21 cents per share on August 14

Barrick Gold Corp GOLD Stock Earnings Reports
Q2'23
Est.
$0.21
Q1'23
Beat
by $0.01
Q4'22
Beat
by $0.01
Q3'22
Missed
by $0.06
Q2'22
Beat
by $0.02
The last earnings report on May 03 showed earnings per share of 14 cents, beating the estimate of 12 cents. With 12.95M shares outstanding, the current market capitalization sits at 30.05B.
A.I.Advisor
published Dividends

GOLD is expected to pay dividends on June 15, 2023

Barrick Gold Corp GOLD Stock Dividends
A dividend of $0.10 per share will be paid with a record date of June 15, 2023, and an ex-dividend date of May 30, 2023. The last dividend of $0.10 was paid on March 15. 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), Hecla Mining Company (NYSE:HL), SSR Mining (NASDAQ:SSRM), 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 877.78M. The market cap for tickers in the group ranges from 575 to 41.93B. ZIJMY holds the highest valuation in this group at 41.93B. 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 3%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 11%. GNGXF experienced the highest price growth at 326%, while LCKYF experienced the biggest fall at -92%.

Volume

The average weekly volume growth across all stocks in the Precious Metals Industry was 13%. For the same stocks of the Industry, the average monthly volume growth was -22% and the average quarterly volume growth was -23%

Fundamental Analysis Ratings

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

Valuation Rating: 54
P/E Growth Rating: 74
Price Growth Rating: 50
SMR Rating: 88
Profit Risk Rating: 86
Seasonality Score: 7 (-100 ... +100)
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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%
-0.80%
AEM - GOLD
88%
Closely correlated
-0.76%
RGLD - GOLD
86%
Closely correlated
-2.59%
WPM - GOLD
86%
Closely correlated
-1.90%
KGC - GOLD
85%
Closely correlated
-0.82%
NEM - GOLD
85%
Closely correlated
-0.89%
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