CA - Barrick Gold set to close in the red for a 7th trading session

2023-12-12 13:50:20 ET

Barrick Gold ( NYSE: GOLD ) shares are on track for a seven -day losing streak and have declined nearly 5% over the last six trading sessions.

The world's largest gold miner fell as much as 2.3% to a daily low of $16.28 on Tuesday. Shares of the company have fallen 8.6% so far this year.

The stock has closed in the red for 9 out of 21 total trading days in November. In December, it has closed negatively for six sessions.

Looking at Seeking Alpha's Quant Rating , Barrick has a Buy rating with a score of 3.74 out of 5.

The Toronto, Canada-based company has been graded an A for profitability and a B- for momentum, while its growth and valuation prospects have both been graded a C-.

Turning to the Wall Street community , 9 analysts give GOLD a Strong Buy, while 8 are Hold on the stock. About six analysts have given it a Hold recommendation and one rated it Sell.

Seeking Alpha analysts , on average, see the stock as a Buy.

SA contributor JR Research, on GOLD, wrote in their November 20 report that free cash flow profitability is expected to improve in 2024 and 2025 for the company. Underlying gold futures are expected to reassert their long-term uptrend, bolstering Barrick Gold's price realizations.

More on Barrick Gold

• Barrick Gold: Lower Gold Production Is Expected In Q4 Due To Technical Issues At Pueblo Viejo
• Barrick Gold Stock: 4 Reasons To Buy It Hand-Over-Fist
• Barrick Gold adds to holdings in Hercules Silver, now owns 15%-plus stake

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