How to Buy Barrick Gold Stock
Barrick Gold Corp
Barrick Gold is a gold company located in Ontario, Canada, which is part of the Basic Materials sector, and is traded under the ticker GOLD on the NYSE exchange.
Barrick Gold stock last closed at $18.52, up 1.2% from the previous day, and has decreased 24.41% in one year. It has underperformed other stocks in the Gold industry by 0.07 percentage points. Barrick Gold stock is currently +42.35% from its 52-week low of $13.01, and -28.74% from its 52-week high of $25.99.
As of Mar 24, 2023, there are 1.76B shares of GOLD outstanding. The market capitalization of GOLD is $32.51B. In the past 24 hours, 18.16M GOLD shares were traded.
How to Buy Barrick Gold Stock
Wondering how to invest in Barrick Gold stock? Here's how.
- Choose where to buy Barrick Gold stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out where to buy Barrick Gold stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your method of payment and add your info.
- Research Barrick Gold stock: The Barrick Gold ticker symbol is GOLD. Is Barrick Gold stock a good investment? Should you buy shares of GOLD? How do GOLD's underlying business fundamentals look? Do top analysts think Barrick Gold is a good buy? Why has GOLD's stock price moved recently? (Hint: Our stock research tools can help you figure out if GOLD is a good stock to buy).
- Place your GOLD trade: Decide if you will purchase GOLD shares at the current market price or use a limit order to buy GOLD shares at a given price.
- Keep an eye on your investment in GOLD: Create a watchlist to the latest updates on your new investment in Barrick Gold stock.
Step 1: Choose where to buy Barrick Gold stock
You will need an online brokerage account to access the NYSE market and buy GOLD shares.
Our favorite brokerage: eToro
We believe that eToro is the best online stock brokerage. Here's why:
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- Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by creating an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've picked your brokerage, it's time to fill out some personal info so you are able to buy GOLD stock today.
How to Start a New Investment Account on eToro
- Click here to get started.
- Input your personal info to start a new brokerage account.
- Submit your application by hitting the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you've finished signing up on one of the best stock apps, your next step is to transfer the money for your investment:
Check out the tutorial below to see the process of depositing funds into your investment account.
Step 4: Research Barrick Gold stock
Once you have decided on the best place to buy Barrick Gold stock, it's crucial to evaluate their stock prior to buying, so you actually understand the risk as well as the upside.
Barrick Gold quick stats
GOLD Fundamentals
WallStreetZen was designed to help average investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on GOLD's stock page.
Is GOLD stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge GOLD's intrinsic value.
Using relative valuations methods:
- GOLD may be overvalued based on its P/E ratio of 77.17x, relative to Gold industry P/E ratio of 12.84x
- GOLD could be undervalued based on its P/B ratio of 1.43x, relative to Gold industry P/B ratio of 1.78x
You can do more valuation research on GOLD's stock here.
GOLD Financial Summary
Pros:
- There are more short-term assets than short-term liabilities on the GOLD balance sheet.
- Total GOLD debt is lower than 5 years ago, relative to shareholder equity.
- GOLD's operating cash flow of $3.48B allows it to safely service it's debt of $4.78B.
Cons:
- GOLD has a relatively high debt to equity ratio of 0.65.
- GOLD earnings of $1.40B is not sufficient to cover its interest payments.
- GOLD profit margin has gone down from 16.9% to 3.9% in the past year.
- There are more long-term liabilities than short-term assets on the GOLD balance sheet.
Is it a good time to buy Barrick Gold stock, according to Wall Street analysts?
Out of 3 Wall Street analysts who give forecasts on GOLD, the consensus analyst rating on Barrick Gold is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest GOLD Analyst Ratings
Sylvain Brunet, a bottom 42% analyst from Exane BNP Paribas downgrades GOLD to a hold rating and announces their GOLD price target of $19.00, on Feb 13, 2023.
Matthew Murphy, a top 18% analyst from Barclays maintains GOLD with a strong buy rating and raises their GOLD price target from $23.00 to $26.00, on Jan 30, 2023.
Josh Wolfson, a top 24% analyst from RBC Capital maintains GOLD with a buy rating and lowers their GOLD price target from $27.00 to $20.00, on Nov 22, 2022.
You can dig deeper into what analysts are saying on the Barrick Gold stock forecast page.
Metrics for Advanced GOLD Traders
Is GOLD Growing Revenue?
Last year, GOLD earnings were $432.00M. Over the last five year, GOLD's earnings have gone up by -27.88% per year. This was slower than the Gold industry average of 13.95%.
Last year, GOLD revenue was $11.01B. During the past 5 year, GOLD's revenue has grown by 5.63% per year. This was slower than the Gold industry average of 41.12%.
You can analyze GOLD's earnings and revenue performance here.
Are GOLD insiders buying or selling the stock?
Over the last 12 months, executives and large shareholders at GOLD have not bought or sold any shares.
Dig into more about who owns GOLD stock here.
Does GOLD stock generate passive income?
Barrick Gold pays a dividend of 3.51%, compared to the Gold industry's average dividend yield of 2.28%. If you owned $1,000 of GOLD stock, you would have received $35.10 last year.
Barrick Gold dividend payments have not consistently grown over the past decade and have not remained stable.
Find more analysis about Barrick Gold dividend yield and history here.
What others are saying about GOLD
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your GOLD trade
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount, place a limit order.
Click the Open Trade button and eToro will execute the order.
If you need additional info about investing in stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your investment in GOLD
Now that you own some shares in GOLD, you'll want to keep up with your shares.
Add GOLD to a watchlist to get notified of important updates regarding your GOLD stock.
GOLD Feed
How to Buy Stock in Barrick Gold
To reiterate, here are the 6 steps you need to take to buy Barrick Gold stock right now:
- Choose where to buy Barrick Gold stock
- Open your brokerage account
- Deposit funds into your investment account
- Research Barrick Gold stock
- Place your GOLD trade
- Keep an eye on your investment in GOLD
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to track your new investment in Barrick Gold, add GOLD to your watchlist by clicking the button below.
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