GOLD stock: buy or sell

GOLD stock price: $23.28 -0.68% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021

1

GOLD stock brief

  • Barrick Gold Corporation stock merely changed -0.68% to close at $23.28 on the stock market today, after 4 consecutive sessions in red.
  • From the chart point view, price is drawing a scaled uptrend since last November with higher tops and higher bottoms. Up to date, shares marked a 4.77% profit since the beginning of this rally
  • 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 we expect a selloff for $GOLD in the next few days, or that it may not climb 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 stock?. Just as when we have to buy shares, determining when is appropiate time to sell is not a fickle decision, and we must adhere our own trading style. When selling, as well as buying, our strategies are very simple to use and are only valid for selling shares in your porfolio, not for shorting $GOLD stock

As a golden rule, you must never hold a trade that generates greater losses than those expected upon purchase. When to sell your stock must always be ruled 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, 3 brokerage ratings were published for Barrick Gold Corporation

Barrick Gold Corporation analysts' ratings - Last month
Brokerage firmRating
Jan 6th, 2021
Barclays
Robert W. Baird
Jan 11th, 2021
National Bank Financial

Barrick Gold Corporation stock analysis

Since last November, Barrick Gold Corporation has been printing an uptrend that by now marked a gorgeous 4.77%. The price action shows rising tops and bottoms, and along the way gave very few entry points for those who wanted to trade in. Latest low was in mid-December, when price bounced at $22.26. Currently, the price swings in a consolidation between its last top ($24.95) and its last bottom ($22.26)

SMAs overview

GOLD stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $23.72 (1.89% above)
  • R2: $24.11 (3.57% above)
  • R3: $24.15 (3.74% above)
  • The current supports are:

  • S1: $23.14 (-0.60% below)
  • S2: $22.94 (-1.46% below)
  • S3: $22.85 (-1.85% below)
  • Bollinger bands

    GOLD stock Bollinger Bands chart

    Relative strength index

    The RSI broke out the oversold line of 30 last November after just being in the oversold zone for just one day (what can be considered a strength signal). The RSI value on Tuesday was 45.7

    GOLD stock RSI chart

    Barrick Gold Corporation stock price history

    Barrick Gold Corporation IPO was on Feb 4th, 1985 at $0.37 per share1. Since then, GOLD stock has risen by 6,191.89%, with an average of 172.00% per year. If you had invested thousand dollars in Barrick Gold Corporation stock on the IPO, it would be valued $62,918.92 today.

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

    GOLD stock price history chart

    Price target for Barrick Gold Corporation stock

    Nobody knows how much a share will be priced tomorrow. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.

    The following table shows the price predictions published by financial institutions for the last 30 days. Again, these estimates are not direct recommendations for small investors and must not be followed blindly.

    The average price target for Barrick Gold Corporation stock calculated from the table below is $28.00. Barrick Gold Corporation closed at $23.28 on Tuesday, so the target price is forecasting a growth by 20.27%.

    Barrick Gold Corporation stock price predictions
    Brokerage firmPrice target
    Jan 6th, 2021
    Barclays $27.00$28.00
    Robert W. Baird $35.00$28.00
    Jan 11th, 2021
    National Bank Financial Not available

    Earnings and financials

    Last November, Barrick Gold Corporation ($GOLD) reported EPS for that highly surpassed Wall St. expectations. Quarterly EPS was $0.41 per share from an estimated $0.32. This Q3 report represents an earnings surprise of 28.13%.

    In comparing, the EPS for the same quarter last year was $0.15, so posted EPS is a gain of 173.33%. Looking at sales, figures exploded a 32.19% compared to $26.8B year over year.

    GOLD ($GOLD) is posting Q4 earnings report next Wednesday.

    Barrick Gold Corporation performance

    GOLD performance compared
    Company1m3m6m
    Barrick Gold Corporation ($GOLD) 2.10% -12.10% -20.50%

    Please read:
    The opinions written in this post are personal and not recommendations for you to buy or sell stocks. The author of this report does not have any knowledge of the particular conditions of the reader, his or her own 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 Viewpoints are published for education motives only

    GOLD summary

    Tuesday, January 26th, 2021
    Open$23.44
    Close$23.28
    Day range$23.24 - $23.56
    Previous close$23.44
    Session gain-0.68%
    Average true range$0.70
    50d mov avg$23.62
    100d mov avg$25.77
    200d mov avg$26.16
    Earnings dateFebruary 10th, 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 received 3 ratings in the last 30 days: 0 bullish, 0 bearish and 0 neutral.

    Will GOLD go up?

    Barrick Gold Corporation had different price predictions issued by market analysts in the last month forecasting the target price to $28.00. That is a 20.27% than the last price ($23.28).