GOLD Stock Barrick Gold Corp NYSE: GOLD

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GOLD Stock Barrick Gold Corp NYSE: GOLD

what is the symbol for gold on the stock market

With a market share of 16 per cent, South Africa is the most important producer of gold. Whether you choose to buy physical gold or gold stocks depends upon your own goals and requirements. The stock has a “C” financial health rating and a good solvency ratio. Another risk for investors in Barrick Gold is the potential for political instability in regions where the company operates. Many of the company’s mines are in countries with less stable political environments, such as the Democratic Republic of Congo and Argentina. Any political upheaval in these regions could disrupt the company’s operations and negatively impact its financial performance.

As of February 15th, there was short interest totaling 15,610,000 shares, an increase of 29.3% from the January 31st total of 12,070,000 shares. Based on an average daily volume of 18,430,000 shares, the short-interest ratio is currently 0.8 days. As a significant player in the mining industry, Barrick Gold has faced many challenges over the years.

what is the symbol for gold on the stock market

Investors of record on Thursday, February 29th will be paid a dividend of $0.074 per share on Friday, March 15th. This represents a $0.30 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, February 28th. (Kitco News) – Higher gold prices in the final months of 2023 helped the world’s largest gold producer top fourth-quarter earning estimates. Gold is a cyclical commodity, and companies in the industry also tend to generate cyclical results.


These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. The stock has performed admirably over the last five years, returning 196.4% and 19.5% over the last year, as well as a 1.3% dividend yield. DRD has the highest dividend yield on this list at 5.8%, and the company has been paying a dividend for 16 uninterrupted years. Sales are in an overall uptrend the last decade and earnings can be erratic but analysts expect steady EPS growth of approximately 10% per year over the next five years.

  1. Many of the company’s mines are in countries with less stable political environments, such as the Democratic Republic of Congo and Argentina.
  2. Gold mining is the practice of extracting gold ore from the earth and processing it into gold bullion.
  3. If you have the space to store gold and want to own a tangible asset, physical gold may be the better choice.
  4. We’d like to share more about how we work and what drives our day-to-day business.

The current solvency ratio of 38% means that the company has significant cash flow to cover liabilities. Despite these challenges, Barrick Gold has continued to be a profitable company, with strong financial performance over the years. The profitability was partly due to the rising price of gold, driven higher by economic uncertainty and geopolitical tensions.

Eldorado Gold Corporation (EGO)

It has returned 283.9% over the last five years and 45.7% over the last year. For comparison, the SPDR Gold Shares (GLD) returned 56.0% and 10.9% over those same periods. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

what is the symbol for gold on the stock market

The stock has been a strong performer, rallying 214.6% over the last five years and 51.6% over the last year, well outpacing the performance of gold. But few would deny that the yellow metal plays a unique role in markets, offering a store of value that is unlike almost any other asset. Barrick’s portfolio of mines helps diversify mine-specific and geopolitical risk that all gold miners face. In addition to trading and investing he’s widely published and coaches individual clients on the finer points of gaining an edge in the market. Sales have been steadily increasing the last few years and analysts expect incremental EPS growth over the next five years. Over the last five years, DRD is the second-strongest performer on the list with a total return of 358.9%, but only a 14.2% increase in the last 12 months.

This helps show the companies have a strong enough financial position to pay a dividend. Our editors are committed to bringing you unbiased ratings and information. We use data-driven methodologies to evaluate financial products and companies, so all are measured equally. You can read more about our editorial guidelines and the investing methodology for the ratings below. In addition to environmental concerns, Barrick Gold has also faced challenges related to its social impact.

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Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 2023 was an incredibly strong year for U.S. stocks but many believe the S&P 500 will push further up in the new year. To play that continued strength, our experts have picked top 10 stocks to buy in 2… We’d like to share more about how we work and what drives our day-to-day business.

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Every investment has advantages and disadvantages—gold stocks are no different. Because of the volatile nature of gold stocks, they are unlikely to be a good investment for novice investors or buy-and-hold investors. It’s recommended that investors interested in purchasing gold stocks do their own due diligence and consult with a financial advisor before making a decision. Forbes Advisor has provided this list of what we believe to be the best gold stocks to own right now.

Wheaton Precious Metals is a Canadian company that streams gold and other precious metals. It enters into purchase agreements with mines and then sells the gold. Barrick Gold saw a increase in short interest during the month of February.

What is evident is that the company’s sales have been in an uptrend for a decade, and while earnings can be erratic—as with nearly all gold stocks—the stock itself has performed well. The stock has a “C” financial health rating, which is on the lower end of financial health, but it is still of investable quality. The high solvency ratio and the company’s long history indicate it is in a solid financial position, despite its lower rating. The stock has an “A” financial health rating from Morningstar, which is relatively rare among mining stocks.

It is possible to invest in the yellow precious metal both in the form of securities and through a physical purchase. Gold in its physical form can be purchased from banks, coin and precious metal dealers as bars or bullion coins. However, the safe keeping of gold at banks usually gives rise to considerable costs which are not incurred when securities are traded. However, if gold is traded by way of a physically deposited purchase in the form of securities, trading or stock market fees must be paid. It is possible to invest in the precious metal on the stock exchange or through brokers in the form of gold certificates, gold funds or gold ETFs, without receiving any physical gold. Another form of investing in gold is Xetra-Gold, a no-par loan, which is denominated in gold holdings.

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