Barrick Gold (GOLD) Stock Moves -0.18%: What You Should Know

Barrick Gold (GOLD) closed the most recent trading day at $21.77, moving -0.18% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.54%.

Coming into today, shares of the gold and copper mining company had gained 5.98% in the past month. In that same time, the Basic Materials sector gained 6.75%, while the S&P 500 gained 3.05%.

Wall Street will be looking for positivity from GOLD as it approaches its next earnings report date. This is expected to be August 9, 2021. On that day, GOLD is projected to report earnings of $0.26 per share, which would represent year-over-year growth of 13.04%. Our most recent consensus estimate is calling for quarterly revenue of $2.97 billion, down 2.87% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $1.23 per share and revenue of $12.46 billion, which would represent changes of +6.96% and -1.05%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for GOLD. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.06% higher. GOLD is currently sporting a Zacks Rank of #3 (Hold).

Looking at its valuation, GOLD is holding a Forward P/E ratio of 17.77. This valuation marks a premium compared to its industry's average Forward P/E of 15.

Also, we should mention that GOLD has a PEG ratio of 8.89. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Mining - Gold stocks are, on average, holding a PEG ratio of 1.96 based on yesterday's closing prices.

The Mining - Gold industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 34% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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