Barrick Gold (GOLD) Ascends But Remains Behind Market: Some Facts to Note

Company Performance - Barrick Gold closed at $18.78, with a +0.27% change from the previous day, lagging behind the S&P 500's 2.13% gain [1] - The stock has increased by 1.57% over the past month, outperforming the Basic Materials sector's decline of 4.39% and the S&P 500's drop of 9.57% [1] Earnings Forecast - Barrick Gold is expected to report an EPS of $0.25, reflecting a 31.58% increase from the same quarter last year [2] - For the full year, projected earnings are $1.47 per share and revenue is estimated at $13.52 billion, indicating changes of +16.67% and +4.65% respectively from the previous year [2] Analyst Estimates - Recent modifications to analyst estimates for Barrick Gold indicate the dynamic nature of near-term business trends, with positive revisions seen as a favorable sign for the company's outlook [3] Valuation Metrics - Barrick Gold has a Forward P/E ratio of 12.73, which is lower than the industry average of 13.34 [6] - The company has a PEG ratio of 0.44, compared to the industry average PEG ratio of 0.88 [6] Industry Ranking - The Mining - Gold industry, part of the Basic Materials sector, has a Zacks Industry Rank of 159, placing it in the bottom 37% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]