Barrick(US:GOLD) ZACKS·2024-12-19 23:55Company Performance - Barrick Gold (GOLD) closed at $15.23, reflecting a -1.81% change from the previous session, underperforming the S&P 500 which had a daily loss of 0.09% [1] - Over the past month, Barrick Gold's shares have decreased by 13.3%, compared to a 7.73% loss in the Basic Materials sector and a 0.29% loss in the S&P 500 [1] Financial Projections - Barrick Gold is expected to report an EPS of $0.46, indicating a 70.37% growth year-over-year [2] - For the full year, earnings are projected at $1.28 per share and revenue at $13.48 billion, representing increases of +52.38% and +18.31% respectively from the previous year [2] Analyst Sentiment - Recent shifts in analyst projections for Barrick Gold should be monitored, as positive revisions indicate optimism regarding the company's business and profitability [3] - The Zacks Rank system, which reflects these estimate changes, provides actionable insights for investors [4] Valuation Metrics - Barrick Gold has a Forward P/E ratio of 12.16, which aligns with the industry average [6] - The company holds a PEG ratio of 0.41, compared to the industry average PEG ratio of 0.51 [6] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 79, placing it in the top 32% of all industries [7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]