Barrick Gold Corp Stock Buy Hold or Sell Recommendation
| ABX Stock | CAD 24.52 0.06 0.24% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Barrick Gold Corp is 'Cautious Hold'. The recommendation algorithm takes into account all of Barrick Gold's available fundamental, technical, and predictive indicators you will find on this site.
Check out Barrick Gold Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Barrick and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Barrick Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Barrick |
Execute Barrick Gold Buy or Sell Advice
The Barrick recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Barrick Gold Corp. Macroaxis does not own or have any residual interests in Barrick Gold Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Barrick Gold's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Barrick Gold Trading Alerts and Improvement Suggestions
| Barrick Gold Corp generated a negative expected return over the last 90 days | |
| About 62.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Barrick Gold Stock Price Up 0.3 percent - Heres What Happened - MarketBeat |
Barrick Gold Returns Distribution Density
The distribution of Barrick Gold's historical returns is an attempt to chart the uncertainty of Barrick Gold's future price movements. The chart of the probability distribution of Barrick Gold daily returns describes the distribution of returns around its average expected value. We use Barrick Gold Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Barrick Gold returns is essential to provide solid investment advice for Barrick Gold.
| Mean Return | -0.14 | Value At Risk | -3.16 | Potential Upside | 2.73 | Standard Deviation | 1.82 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Barrick Gold historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Barrick Gold Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 9M | 121M | (163M) | (219M) | (97M) | (101.9M) | |
| Change In Cash | 1.7B | 1.9B | 92M | (840M) | (292M) | (277.4M) | |
| Free Cash Flow | 1.1B | 3.4B | 1.9B | 432M | 646M | 678.3M | |
| Depreciation | 2.0B | 2.2B | 2.1B | 2.0B | 2.0B | 1.1B | |
| Other Non Cash Items | (5.1B) | (1.5B) | (2.2B) | 70M | (776M) | (737.2M) | |
| Dividends Paid | 548M | 547M | 634M | 1.1B | 700M | 735M | |
| Capital Expenditures | 1.7B | 2.1B | 2.4B | 3.0B | 3.1B | 1.9B | |
| Net Income | 4.6B | 3.6B | 3.3B | 1.0B | 2.0B | 2.1B | |
| End Period Cash Flow | 3.3B | 5.2B | 5.3B | 4.4B | 4.1B | 2.2B | |
| Investments | 50M | (1.3B) | 474M | (1.7B) | (2.8B) | (2.7B) | |
| Net Borrowings | (309M) | (337M) | 104M | (218M) | (250.7M) | (263.2M) | |
| Change To Netincome | (2.5B) | 1.6B | 466M | 853M | 767.7M | 729.3M |
Barrick Gold Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Barrick Gold or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Barrick Gold's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Barrick stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.18 | |
β | Beta against Dow Jones | 0.26 | |
σ | Overall volatility | 1.80 | |
Ir | Information ratio | -0.15 |
Barrick Gold Volatility Alert
Barrick Gold Corp exhibits very low volatility with skewness of -0.2 and kurtosis of 0.13. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Barrick Gold's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Barrick Gold's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Barrick Gold Fundamentals Vs Peers
Comparing Barrick Gold's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Barrick Gold's direct or indirect competition across all of the common fundamentals between Barrick Gold and the related equities. This way, we can detect undervalued stocks with similar characteristics as Barrick Gold or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Barrick Gold's fundamental indicators could also be used in its relative valuation, which is a method of valuing Barrick Gold by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Barrick Gold to competition |
| Fundamentals | Barrick Gold | Peer Average |
| Return On Equity | 0.0773 | -0.31 |
| Return On Asset | 0.0415 | -0.14 |
| Profit Margin | 0.13 % | (1.27) % |
| Operating Margin | 0.31 % | (5.51) % |
| Current Valuation | 43.84 B | 16.62 B |
| Shares Outstanding | 1.75 B | 571.82 M |
| Shares Owned By Insiders | 0.60 % | 10.09 % |
| Shares Owned By Institutions | 61.87 % | 39.21 % |
| Number Of Shares Shorted | 12.23 M | 4.71 M |
| Price To Earning | 13.40 X | 28.72 X |
| Price To Book | 1.29 X | 9.51 X |
| Price To Sales | 3.50 X | 11.42 X |
| Revenue | 11.4 B | 9.43 B |
| Gross Profit | 3.47 B | 27.38 B |
| EBITDA | 5.21 B | 3.9 B |
| Net Income | 1.95 B | 570.98 M |
| Cash And Equivalents | 3 M | 2.7 B |
| Cash Per Share | 3.27 X | 5.01 X |
| Total Debt | 5.22 B | 5.32 B |
| Debt To Equity | 0.16 % | 48.70 % |
| Current Ratio | 3.95 X | 2.16 X |
| Book Value Per Share | 13.63 X | 1.93 K |
| Cash Flow From Operations | 3.73 B | 971.22 M |
| Short Ratio | 3.23 X | 4.00 X |
| Earnings Per Share | 1.29 X | 3.12 X |
| Price To Earnings To Growth | 2.26 X | 4.89 X |
| Target Price | 23.45 | |
| Beta | 0.48 | -0.15 |
| Market Capitalization | 43.14 B | 19.03 B |
| Total Asset | 45.81 B | 29.47 B |
| Retained Earnings | (6.71 B) | 9.33 B |
| Working Capital | 5.08 B | 1.48 B |
| Current Asset | 5.47 B | 9.34 B |
Barrick Gold Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Barrick . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 29273.84 | |||
| Daily Balance Of Power | (0.17) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 24.63 | |||
| Day Typical Price | 24.59 | |||
| Price Action Indicator | (0.13) | |||
| Period Momentum Indicator | (0.06) | |||
| Relative Strength Index | 21.28 |
About Barrick Gold Buy or Sell Advice
When is the right time to buy or sell Barrick Gold Corp? Buying financial instruments such as Barrick Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Funds or Etfs that invest in entities that are involved in mining, processing or dealing of precious metals. The Precious Metals Funds theme has 31 constituents at this time.
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Check out Barrick Gold Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.