Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Barrick Gold Corp (NYSE: GOLD) improved in the last week. GOLD’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Barrick Gold Corp (NYSE: GOLD) stock closed at $16.15 on 6/7/24 after a large decline of -6.8%. Moreover, this decline was accompanied by unusually high trading volume at 151% of normal. The stock has performed in line with the market over the last nine months and has declined -5.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GOLD is expected to continue to be an important Value Builder.
Barrick Gold has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Barrick Gold has a slightly positive Power Rating of 61 and a slightly positive Appreciation Score of 67, triggering the Positive Value Trend Rating.
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