A block trade is a significant transaction involving the buying or selling of securities that is conducted privately, away from the public markets. Its purpose is to minimize the impact on the price of the security. Typically, block trades are carried out by hedge funds and institutional investors through investment banks and other intermediaries. However, high-net-worth accredited investors may also have the opportunity to participate in these trades.
According to the criteria set by the New York Stock Exchange and the Nasdaq, a block trade involves a minimum of 10,000 shares of stock or a value exceeding $200,000. For instance, in the present scenario, a block trade is taking place involving GOLD. The trade consists of 964,472 shares being exchanged at a price of $16.32 per share, which is slightly higher than the ask price of $16.31. To maintain confidentiality and disguise the true magnitude of the trade, it is likely that different brokers will be involved in executing this transaction.
It should be noted that the specific exchange on which this block trade is occurring has not been specified in the information provided. Nonetheless, the CME Group offers the opportunity to execute block trades for futures, options, or combination transactions that are permitted to be conducted separately from the public auction market.
Barrick Gold Corporation
Updated on: 28/09/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
12:00 PM (UTC)
Date:28 September, 2023
|Analyst / firm||Rating|
Bank of America Securities
GOLD Stock Performance: Mixed Results on September 19, 2023 with Positive Turnaround in Earnings Growth
On September 19, 2023, GOLD stocks experienced mixed performances. The previous close for GOLD stocks was at $16.68, and today’s open was slightly higher at $16.72. Throughout the day, the stock fluctuated within a range of $16.20 to $16.75. The trading volume was 14,976,724, which is higher than the average volume of 13,188,653 over the past three months.
Looking at the company’s financials, GOLD has shown a significant decline in earnings growth over the past year, with a decrease of 78.54%. However, there has been a positive turnaround this year, with earnings growth of 18.52%. Looking ahead, the projected earnings growth for the next five years is a modest 2.00%. The revenue growth for the previous year was -7.40%, indicating a decline in sales.
In terms of valuation, the P/E ratio is not available (NM), suggesting that the company may have negative earnings. The price/sales ratio is 2.74, which indicates that investors are willing to pay $2.74 for every dollar of sales generated by the company. The price/book ratio is not provided, so it is difficult to assess the company’s value based on its book value.
Taking a closer look at the individual stock performances, Newmont Corporation (NEM) experienced a decrease of $0.16, which translates to a decline of 0.41%. Agnico Eagle Mines Ltd (AEM) also saw a decrease of $0.50, representing a decline of 1.00%. Gold Fields Ltd (GFI) had a smaller decrease of $0.08, resulting in a decline of 0.65%.
Looking ahead, the next reporting date for GOLD stocks is set for November 9, 2023. Analysts forecast an EPS of $0.27 for this quarter. The net profit margin for GOLD stocks is 3.91%, indicating the company’s ability to generate profit from its revenue.
GOLD operates in the Non-Energy Minerals sector and falls under the Precious Metals industry. The corporate headquarters of GOLD is located in Toronto, Ontario.
Overall, GOLD stocks had a mixed performance on September 19, 2023. While there was a slight increase in the stock price at the opening, it fluctuated within a range throughout the day. The company’s financials show a decline in earnings growth over the past year, but there has been a positive turnaround in the current year. The next reporting date will provide further insights into the company’s performance.
Analysts and Investors Bullish on Barrick Gold Corp Stock Performance: Promising Investment Opportunity in 2023
On September 19, 2023, Barrick Gold Corp saw its stock performance being discussed by analysts and investors. According to data from CNN Money, 21 analysts provided 12-month price forecasts for the company’s stock. The median target price was estimated to be 22.25, with a high estimate of 30.00 and a low estimate of 17.20.
The consensus among 25 investment analysts polled is to buy stock in Barrick Gold Corp. This rating has remained unchanged since September.
Barrick Gold Corp reported earnings per share of $0.27 for the current quarter. Additionally, the company’s sales for this period amounted to $3.4 billion.
Investors and analysts eagerly await the reporting date of November 9, when Barrick Gold Corp will release more detailed financial information for the current quarter.
The positive sentiment among analysts and investors, as well as the projected increase in stock price, suggests that Barrick Gold Corp is currently viewed as a promising investment opportunity.
However, it is important for investors to conduct their own research and consider various factors before making any investment decisions.
It is worth noting that the information provided is based on data from September 19, 2023, and stock prices and forecasts are subject to change based on market conditions and other factors. Therefore, it is advisable to consult up-to-date sources and seek professional advice before making any investment decisions.