Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Barrick Gold Corporation, based in Toronto, Canada, is one of the largest gold mining companies in the world. The company has many advanced exploration and development projects located across five continents.
GOLD boasts a Momentum Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Barrick Gold has seen some interesting price action recently; the stock is down 3.4% over the past one week and up 4.2% over the past four weeks. And in the last one-year period, GOLD has gained 11.9%. As for the stock's trading volume, 24,084,654 shares on average were traded over the last 20 days.
A company's earnings performance is important for momentum investors as well. For fiscal 2025, four analysts revised their earnings estimate higher in the last 60 days for GOLD, while the Zacks Consensus Estimate has increased $0.19 to $1.66 per share. GOLD also boasts an average earnings surprise of 12%.
Investors should take the time to consider GOLD for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Barrick Gold Corporation (GOLD) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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