Barrick Gold Corporation reflects attractive technical aspects that could allow investors to expect a trend reversal over the medium term. Investors have an opportunity to buy the stock and target the CAD 30.13.
The company has poor fundamentals for a short-term investment strategy.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
Thanks to a sound financial situation, the firm has significant leeway for investment.
Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
Analysts covering this company mostly recommend stock overweighting or purchase.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
The group usually releases earnings worse than estimated.
The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
The technical configuration over the long term remains negative on the weekly chart below the resistance level at 30.44 CAD
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