vobo schreef op 3 mei 2021 19:59:
Gold miner Barrick Gold Corp. (NYSE: GOLD) added 24% to its share price last year, but that was a bit disappointing considering the shares were up about 65% in early September. The yellow metal had reached a three-year high of more than $2,000 an ounce in early August but has been trending downward ever since. Whether gold retains its status as a hedge against inflation could be tested as cryptocurrencies gain increasing acceptance as a store of value.
Analysts are bullish on Barrick, with 19 of 23 rating the stock a Buy or Strong Buy. At a recent price of around $22.00, shares are trading with a potential upside of 34% to the consensus price target of $29.57 and a potential upside of 66% to the high target of $36.50.
Barrick is expected to post March quarter earnings per share (EPS) of $0.27, a year-over-year increase of nearly 69%. Revenue is expected to rise by 10.6% to $3.01 billion. For the full year, EPS is forecast at $1.22, up by 5.7% year over year on sales of $12.48, down nearly 1% from 2020 sales.
At the current price, Barrick stock trades at 19.4 times expected 2021 EPS, 18.2 times estimated 2022 earnings and 17.0 times estimated 2023 earnings. The stock’s 52-week trading range is $18.64 to $31.22. The company pays an annual dividend of $0.36 (yield of 1.69%), and the average daily trading volume is 18.3 million shares.