Barrick Gold Corp Stock Price Prediction
| GOLD Stock | USD 16.70 0.22 1.33% |
Oversold Vs Overbought
72
Oversold | Overbought |
Barrick Gold Corp stock price prediction is an act of determining the future value of Barrick Gold shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Barrick Gold's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Barrick Gold and does not consider all of the tangible or intangible factors available from Barrick Gold's fundamental data. We analyze noise-free headlines and recent hype associated with Barrick Gold Corp, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Barrick Gold's stock price prediction:Quarterly Earnings Growth 0.538 | EPS Estimate Next Quarter 0.24 | EPS Estimate Current Year 0.99 | EPS Estimate Next Year 1.23 | Wall Street Target Price 21.33 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Barrick Gold based on different types of headlines from major news networks to social media. The Barrick stock price prediction module provides an analysis of price elasticity to changes in media outlook on Barrick Gold over a specific investment horizon. Using Barrick Gold hype-based prediction, you can estimate the value of Barrick Gold Corp from the perspective of Barrick Gold response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Barrick Gold using Barrick Gold's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Barrick using crowd psychology based on the activity and movement of Barrick Gold's stock price.
Barrick Gold Short Interest
A significant increase or decrease in Barrick Gold's short interest from the previous month could be a good indicator of investor sentiment towards Barrick. Short interest can provide insight into the potential direction of Barrick Gold stock and how bullish or bearish investors feel about the market overall. An investor who is long Barrick Gold may also wish to track short interest. As short interest increases, investors should be becoming more worried about Barrick Gold and may potentially protect profits, hedge Barrick Gold with its derivative instruments, or be ready for some potential downside.
200 Day MA 16.24 | Short Percent 0.0097 | Short Ratio 0.57 | Shares Short Prior Month 16.1 M | 50 Day MA 15.7556 |
Barrick Gold Corp Hype to Price Pattern
Investor biases related to Barrick Gold's public news can be used to forecast risks associated with an investment in Barrick. The trend in average sentiment can be used to explain how an investor holding Barrick can time the market purely based on public headlines and social activities around Barrick Gold Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Barrick Gold's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Barrick Gold.
Barrick Gold Implied Volatility | 209.5 |
Barrick Gold's implied volatility exposes the market's sentiment of Barrick Gold Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Barrick Gold's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Barrick Gold stock will not fluctuate a lot when Barrick Gold's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Barrick Gold. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Barrick Gold to buy its stock at a price that has no basis in reality. In that case, they are not buying Barrick because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Barrick Gold after-hype prediction price | USD 16.7 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current Barrick contract
Based on the Rule 16, the options market is currently suggesting that Barrick Gold Corp will have an average daily up or down price movement of about 13.09% per day over the life of the 2024-04-19 option contract. With Barrick Gold trading at USD 16.7, that is roughly USD 2.19 . If you think that the market is fully incorporating Barrick Gold's daily price movement you should consider acquiring Barrick Gold Corp options at the current volatility level of 209.5%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Barrick |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Barrick Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Barrick Gold After-Hype Price Prediction Density Analysis
As far as predicting the price of Barrick Gold at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Barrick Gold or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Barrick Gold, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Barrick Gold Estimiated After-Hype Price Volatility
In the context of predicting Barrick Gold's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Barrick Gold's historical news coverage. Barrick Gold's after-hype downside and upside margins for the prediction period are 14.82 and 18.58, respectively. We have considered Barrick Gold's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Barrick Gold is very steady at this time. Analysis and calculation of next after-hype price of Barrick Gold Corp is based on 3 months time horizon.
Barrick Gold Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Barrick Gold is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Barrick Gold backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Barrick Gold, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.14 | 1.88 | 0.00 | 0.00 | 8 Events / Month | 8 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
16.70 | 16.70 | 0.00 |
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Barrick Gold Hype Timeline
Barrick Gold Corp is currently traded for 16.70. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Barrick is expected not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is expected to be very small, whereas the daily expected return is currently at 0.14%. %. The volatility of related hype on Barrick Gold is about 6082.35%, with the expected price after the next announcement by competition of 16.70. About 64.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.34. Some equities with similar Price to Book (P/B) outperform the market in the long run. Barrick Gold Corp has Price/Earnings To Growth (PEG) ratio of 2.22. The entity last dividend was issued on the 28th of February 2024. The firm had 2:1 split on the 2nd of March 1993. Given the investment horizon of 90 days the next expected press release will be in about 8 days. Check out Barrick Gold Basic Forecasting Models to cross-verify your projections.Barrick Gold Related Hype Analysis
Having access to credible news sources related to Barrick Gold's direct competition is more important than ever and may enhance your ability to predict Barrick Gold's future price movements. Getting to know how Barrick Gold's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Barrick Gold may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| AEM | Agnico Eagle Mines | (0.19) | 11 per month | 1.49 | 0.17 | 3.11 | (2.43) | 7.06 | |
| PAAS | Pan American Silver | (0.16) | 8 per month | 2.19 | 0.14 | 4.74 | (3.45) | 10.85 | |
| WPM | Wheaton Precious Metals | (0.53) | 10 per month | 2.04 | 0.05 | 3.61 | (2.81) | 10.45 | |
| KGC | Kinross Gold | (0.05) | 11 per month | 1.83 | 0.08 | 4.25 | (3.02) | 9.21 | |
| NEM | Newmont Goldcorp Corp | 0.36 | 10 per month | 2.29 | 0.03 | 3.92 | (3.86) | 10.78 | |
| GFI | Gold Fields Ltd | 0.08 | 9 per month | 2.46 | 0.17 | 5.27 | (4.74) | 15.00 | |
| FNV | Franco Nevada | 0.46 | 10 per month | 1.36 | 0.07 | 2.80 | (2.41) | 6.48 | |
| BTG | B2Gold Corp | 0.1 | 10 per month | 0.00 | (0.07) | 3.73 | (4.10) | 13.77 | |
| IAG | IAMGold | 0.01 | 11 per month | 2.57 | 0.15 | 6.01 | (5.17) | 23.02 | |
| RGLD | Royal Gold | (0.36) | 10 per month | 1.81 | (0.02) | 2.94 | (2.56) | 10.49 | |
| SAND | Sandstorm Gold Ltd | (0.06) | 10 per month | 2.17 | 0.06 | 4.00 | (2.72) | 12.05 |
Barrick Gold Additional Predictive Modules
Most predictive techniques to examine Barrick price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Barrick using various technical indicators. When you analyze Barrick charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Barrick Gold Predictive Indicators
The successful prediction of Barrick Gold stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Barrick Gold Corp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Barrick Gold based on analysis of Barrick Gold hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Barrick Gold's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Barrick Gold's related companies. | 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0188 | 0.0376 | 0.0223 | 0.0234 | Price To Sales Ratio | 2.82 | 2.76 | 2.75 | 4.72 |
Story Coverage note for Barrick Gold
The number of cover stories for Barrick Gold depends on current market conditions and Barrick Gold's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Barrick Gold is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Barrick Gold's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Barrick Gold Short Properties
Barrick Gold's future price predictability will typically decrease when Barrick Gold's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Barrick Gold Corp often depends not only on the future outlook of the potential Barrick Gold's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Barrick Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.8 B | |
| Cash And Short Term Investments | 4.1 B |
Check out Barrick Gold Basic Forecasting Models to cross-verify your projections. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Barrick Stock analysis
When running Barrick Gold's price analysis, check to measure Barrick Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Barrick Gold is operating at the current time. Most of Barrick Gold's value examination focuses on studying past and present price action to predict the probability of Barrick Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Barrick Gold's price. Additionally, you may evaluate how the addition of Barrick Gold to your portfolios can decrease your overall portfolio volatility.
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Is Barrick Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Barrick Gold. If investors know Barrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Barrick Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.538 | Dividend Share 0.4 | Earnings Share 0.72 | Revenue Per Share 6.494 | Quarterly Revenue Growth 0.103 |
The market value of Barrick Gold Corp is measured differently than its book value, which is the value of Barrick that is recorded on the company's balance sheet. Investors also form their own opinion of Barrick Gold's value that differs from its market value or its book value, called intrinsic value, which is Barrick Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Barrick Gold's market value can be influenced by many factors that don't directly affect Barrick Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Barrick Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Barrick Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barrick Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.