Mike Estes - Barrick Gold Chief Nevada
| ABX Stock | CAD 24.52 0.06 0.24% |
Insider
Mike Estes is Chief Nevada of Barrick Gold Corp
| Address | Brookfield Place, TD Canada Trust Tower, Toronto, ON, Canada, M5J 2S1 |
| Phone | 416 861 9911 |
| Web | https://www.barrick.com |
Barrick Gold Management Efficiency
The company has return on total asset (ROA) of 0.0415 % which means that it generated a profit of $0.0415 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0773 %, meaning that it generated $0.0773 on every $100 dollars invested by stockholders. Barrick Gold's management efficiency ratios could be used to measure how well Barrick Gold manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Barrick Gold's Return On Capital Employed is very stable compared to the past year. As of the 29th of November 2024, Return On Equity is likely to grow to 0.06, while Return On Tangible Assets are likely to drop 0.02. At this time, Barrick Gold's Non Currrent Assets Other are very stable compared to the past year. As of the 29th of November 2024, Other Current Assets is likely to grow to about 1.3 B, while Total Assets are likely to drop about 24.1 B.Similar Executives
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Management Performance
| Return On Equity | 0.0773 | ||||
| Return On Asset | 0.0415 |
Barrick Gold Corp Leadership Team
Elected by the shareholders, the Barrick Gold's board of directors comprises two types of representatives: Barrick Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Barrick. The board's role is to monitor Barrick Gold's management team and ensure that shareholders' interests are well served. Barrick Gold's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Barrick Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kevin Thomson, Senior Executive Vice President - Strategic Matters | ||
| Poupak Bahamin, General Counsel | ||
| Loreto Silva, Independent Director | ||
| Leandro Sastre, Vice President - exploration, Latin America and Asia Pacific | ||
| Grant Beringer, Group Sustainability Executive | ||
| John Thornton, Non-Independent Executive Chairman of the Board | ||
| Deni Nicoski, Senior Vice President - Investor Relations | ||
| Catherine Raw, Chief Operating Officer, North America | ||
| Rodney Quick, Mineral Resource Management and Evaluation Executive | ||
| John Steele, Metallurgy, Engineering and Capital Projects Executive | ||
| Gustavo Cisneros, Independent Director | ||
| Willem Jacobs, Chief Operating Officer, Africa and Middle East | ||
| Brian Greenspun, Independent Director | ||
| Christopher Coleman, Independent Director | ||
| Lois Wark, Group Corporate Communications and Investor Relations Executive | ||
| Mark Hill, Chief Operating Officer, LATAM and Australia Pacific | ||
| J Harvey, Lead Independent Director | ||
| Aoife McGrath, Vice President - exploration for Africa, Middle East | ||
| Mark Bristow, President, Chief Executive Officer, Director | ||
| Greg Walker, Senior Vice President - Operational and Technical Excellence | ||
| Mark BEng, Chief Pacific | ||
| Sebastiaan Bock, Chief East | ||
| Christine Keener, Chief America | ||
| Mike Estes, Chief Nevada | ||
| J Evans, Independent Director | ||
| Dennis Bristow, CEO and President | ||
| Rousseau Jooste, Capital Engineering | ||
| Graham Shuttleworth, Chief Financial Officer, Senior Executive Vice President | ||
| Darian Rich, Executive VP of Talent Management | ||
| Robert Krcmarov, Executive Vice President - Exploration and Growth | ||
| Andrew Quinn, Independent Director |
Barrick Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Barrick Gold a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.0773 | ||||
| Return On Asset | 0.0415 | ||||
| Profit Margin | 0.13 % | ||||
| Operating Margin | 0.31 % | ||||
| Current Valuation | 43.84 B | ||||
| Shares Outstanding | 1.75 B | ||||
| Shares Owned By Insiders | 0.60 % | ||||
| Shares Owned By Institutions | 61.87 % | ||||
| Number Of Shares Shorted | 12.23 M | ||||
| Price To Earning | 13.40 X |
Pair Trading with Barrick Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Barrick Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Barrick Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Barrick Stock
Moving against Barrick Stock
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The ability to find closely correlated positions to Barrick Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Barrick Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Barrick Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Barrick Gold Corp to buy it.
The correlation of Barrick Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Barrick Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barrick Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Barrick Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 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. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.