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 $16.64, down 3.93% from the previous day, and has decreased 12.42% in one year. It has underperformed other stocks in the Gold industry by 0.02 percentage points. Barrick Gold stock is currently +20.93% from its 52-week low of $13.76, and -19.81% from its 52-week high of $20.75.
As of Apr 30, 2024, there are 1.76B shares of GOLD outstanding. The market capitalization of GOLD is $29.21B. In the past 24 hours, 30.75M 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
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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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start a new brokerage account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
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 23.11x, relative to Gold industry P/E ratio of 17.6x
- GOLD could be undervalued based on its P/B ratio of 1.25x, relative to Gold industry P/B ratio of 1.72x
- GOLD may be undervalued based on its PEG ratio of 0.84x
You can do more valuation analysis on GOLD's stock here.
A look at GOLD Cashflows and Balance Sheet
Pros:
- Total GOLD debt is lower than 5 years ago, relative to shareholder equity.
- GOLD earnings of $2.30B is not sufficient to cover its interest payments.
- GOLD's operating cash flow of $3.73B allows it to safely service it's debt of $4.73B.
- There are more short-term assets than short-term liabilities on the GOLD balance sheet.
- GOLD profit margin has gone up from 3.9% to 11.2% in the past year.
Cons:
- GOLD has a relatively high debt to equity ratio of 0.59.
- There are more long-term liabilities than short-term assets on the GOLD balance sheet.
Is it a good time to buy GOLD stock, according to Wall Street analysts?
Out of 3 Equities analysts who give recommendations on GOLD, the consensus analyst rating on Barrick Gold is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Barrick Gold stock forecast page.
GOLD Trading Indicators
GOLD Earnings
Last year, GOLD earnings were $1.27B. Over the past four year, GOLD's earnings have gone up by -24.87% per year. This was slower than the Gold industry average of -2.25%.
Last year, GOLD revenue was $11.40B. Over the last 5 year, GOLD's revenue has grown by 9.49% per year. This was slower than the Gold industry average of 16.43%.
Learn more about GOLD's earnings and revenue performance here.
Who is buying/selling GOLD?
In the last year, insiders at GOLD have not bought or sold any shares.
Dig into more about who owns GOLD stock here.
Does GOLD provide a stable income stream?
Barrick Gold pays a dividend of 2.4%, compared to the Gold industry's average dividend yield of 2.15%. If you owned $1,000 worth of GOLD stock, you would have received $24.04 last year.
Barrick Gold dividend payments have consistently grown over the past decade but have not remained stable.
Get more data about Barrick Gold dividend yield and history here.
What do other traders have to say about GOLD?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out 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 available price.
Market orders are mostly fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, use a limit order.
Hit the Open Trade button and your broker will place your order.
If you want more 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 GOLD stock, you'll want to stay up-to-date on your investment.
Put GOLD on a watchlist to track the most important metrics related to your GOLD stock.
GOLD Feed
How to Buy Stock in Barrick Gold
To summarize, here are the 6 steps for buying Barrick Gold stock:
- 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 favorite venue.
Get Started with eToro TodayIf you want to monitor your new investment in Barrick Gold, hit the button below to create your watchlist.
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