GOLD stock: buy or sell

GOLD stock price: $21.98 4.12% At close on Apr 15th, 2021

Updated on:
Apr 16th, 2021

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GOLD stock brief

  • Barrick Gold Corporation stock skyrocketed 4.12% to close at $21.98 on the stock market today, after 3 consecutive sessions in positive.
  • The price is currently above the upper Bollinger band, which is usually an indicator of a short-term correction
  • On Thursday broke out above its latest top at $21.34
  • Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties.

Should I buy Barrick Gold Corporation stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $GOLD stock a buy?

Currently, Barrick Gold Corporation stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $GOLD will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Barrick Gold Corporation stock?

How to know when is it time to sell Barrick Gold Corporation?. Similarly to when we have to buy shares, choosing when is appropiate to sell is not a whimsy decision, and we must follow our own trading strategy. When selling, as well as buying, detailed strategies are very simple to follow but are only applicable for selling stocks you already own, not for selling short $GOLD stock

As a golden rule, you must never mantain an investment that results in higher than expected losses at the time of the buy. The timing to sell shares always has to be dictated by the stop-loss (automatic or manual)

Is it time to sell Barrick Gold Corporation stock?

In the current situation of Barrick Gold Corporation there is not any eligible sell setup, so Barrick Gold Corporation stock holders with operations in profit can keep their positions

Barrick Gold Corporation ratings

In the last month, just one analyst rating was published for Barrick Gold Corporation

Barrick Gold Corporation analysts' ratings - Last month
Brokerage firmRating
Apr 6th, 2021
Raymond James Buy

Barrick Gold Corporation stock analysis

SMAs overview

GOLD stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $21.98 (0.00% above)
  • R2: $22.12 (0.64% above)
  • R3: $22.16 (0.82% above)
  • The current supports are:

  • S1: $21.95 (-0.14% below)
  • S2: $21.88 (-0.45% below)
  • S3: $21.81 (-0.77% below)
  • Bollinger bands

    Price levels both above or below the Bollinger Bands tell us that the price has followed a strong trend that has led to extreme highs or lows. In this case, the price is beyond the upper band, which should mean a possible short-term correction (at least) until it is below the band

    GOLD stock Bollinger Bands chart

    Relative strength index

    The RSI crossed up the oversold level of 30 in early March after just being in the oversold zone for just one day (what can be considered a strength signal). The RSI reading on Thursday was 65.26. Since that level was crossed up, Barrick Gold Corporation shares exploded a 15.87%

    GOLD stock RSI chart

    Barrick Gold Corporation stock price history

    Barrick Gold Corporation went public priced at an adjusted price1 of $0.00 on Feb 1985. Since then, GOLD stock surged by -, with an average of 0.00% per year. An investment of thousand dollars on the IPO would have a value of $inf nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    GOLD stock price history chart

    Price target for Barrick Gold Corporation stock

    Nobody can predict how much a stock will be priced in the future. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions release their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental data by the company, and many times. If you are a small trader you should not invest based on these price targets.

    There is just one price target available for Barrick Gold Corporation that forecasts a price of $29.00.

    Barrick Gold Corporation stock price predictions
    Brokerage firmPrice target
    Apr 6th, 2021
    Raymond James $31.50$29.00

    Earnings and financials

    Last February, Barrick Gold Corporation ($GOLD) hosted the quarterly shareholders call and presented the report. GOLD beat market estimates and presented of $0.35, that is a 12.90% better than expected versus the estimates of $0.31. However, reported sales of $3.3 billion were in line with Wall St. forecasts.

    Same quarter last year, reported EPS was $0.17, so recently reported EPS is a gain of 105.88%. Looking at turnover, figures exploded a 13.74% compared to $28.8B same quarter last year.

    GOLD ($GOLD) presents quarterly financial report early next May. Forecasted for this quarter is $-0.01, compared to $0.35 that was reported for Q4.

    Barrick Gold Corporation performance

    GOLD performance compared
    Company1m3m6m
    Barrick Gold Corporation ($GOLD) 6.80% -6.30% -21.40%

    Important:
    The thoughts contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not know the specific positions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for education purposes only

    GOLD summary

    Thursday, April 15th, 2021
    Open$21.39
    Close$21.98
    Day range$21.35 - $22.2
    Previous close$21.11
    Session gain4.12%
    Average true range$0.58
    50d mov avg$20.59
    100d mov avg$21.91
    200d mov avg$24.82
    Earnings dateMay 5th, 2021

    Frequently asked questions

    What is Barrick Gold Corporation stock symbol?

    Barrick Gold Corporation is a public company trading in the US stock market with the GOLD symbol

    Is Barrick Gold Corporation stock a buy or sell?

    Barrick Gold Corporation had one rating in the last 30 days Read the article to get additional tips on trading GOLD stock.

    Will GOLD go up?

    Barrick Gold Corporation had different price predictions published by market analysts in the last 4 weeks forecasting the target price to $29.00. That is a 31.94% than the current price ($21.98).