GOLD stock: buy or sell
Jan 27th, 2021
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
|Jan 6th, 2021|
|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)
Supports and resistances
The current resistances are:
The current supports are:
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
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
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%.
|Brokerage firm||Price 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
|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
|Tuesday, January 26th, 2021|
|Day range||$23.24 - $23.56|
|Average true range||$0.70|
|50d mov avg||$23.62|
|100d mov avg||$25.77|
|200d mov avg||$26.16|
|Earnings date||February 10th, 2021|