Barrick Gold Corp Stock Cash And Equivalents
| ABX Stock | CAD 27.08 0.03 0.11% |
Barrick Gold Corp fundamentals help investors to digest information that contributes to Barrick Gold's financial success or failures. It also enables traders to predict the movement of Barrick Stock. The fundamental analysis module provides a way to measure Barrick Gold's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Barrick Gold stock.
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Barrick Gold Corp Company Cash And Equivalents Analysis
Barrick Gold's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Current Barrick Gold Cash And Equivalents | 3 M |
Most of Barrick Gold's fundamental indicators, such as Cash And Equivalents, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Barrick Gold Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
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In accordance with the recently published financial statements, Barrick Gold Corp has 3 M in Cash And Equivalents. This is 99.39% lower than that of the Metals & Mining sector and 98.77% lower than that of the Materials industry. The cash and equivalents for all Canada stocks is 99.89% higher than that of the company.
Barrick Cash And Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Barrick Gold's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Barrick Gold could also be used in its relative valuation, which is a method of valuing Barrick Gold by comparing valuation metrics of similar companies.Barrick Gold is currently under evaluation in cash and equivalents category among its peers.
Barrick Fundamentals
| Return On Equity | 0.0946 | ||||
| Return On Asset | 0.0637 | ||||
| Profit Margin | 0.17 % | ||||
| Operating Margin | 0.57 % | ||||
| Current Valuation | 48.31 B | ||||
| Shares Outstanding | 1.72 B | ||||
| Shares Owned By Insiders | 0.76 % | ||||
| Shares Owned By Institutions | 62.31 % | ||||
| Number Of Shares Shorted | 9.35 M | ||||
| Price To Earning | 13.40 X | ||||
| Price To Book | 1.34 X | ||||
| Price To Sales | 3.61 X | ||||
| Revenue | 12.92 B | ||||
| Gross Profit | 4.96 B | ||||
| EBITDA | 6.15 B | ||||
| Net Income | 2.14 B | ||||
| Cash And Equivalents | 3 M | ||||
| Cash Per Share | 3.27 X | ||||
| Total Debt | 71 M | ||||
| Debt To Equity | 0.16 % | ||||
| Current Ratio | 3.95 X | ||||
| Book Value Per Share | 14.06 X | ||||
| Cash Flow From Operations | 4.49 B | ||||
| Short Ratio | 2.01 X | ||||
| Earnings Per Share | 1.75 X | ||||
| Price To Earnings To Growth | 3.02 X | ||||
| Target Price | 32.56 | ||||
| Number Of Employees | 31 | ||||
| Beta | 0.51 | ||||
| Market Capitalization | 46.62 B | ||||
| Total Asset | 47.63 B | ||||
| Retained Earnings | (5.27 B) | ||||
| Working Capital | 4.99 B | ||||
| Current Asset | 5.47 B | ||||
| Current Liabilities | 1.85 B | ||||
| Annual Yield | 0.02 % | ||||
| Five Year Return | 1.34 % | ||||
| Net Asset | 47.63 B | ||||
| Last Dividend Paid | 0.4 |
About Barrick Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Barrick Gold Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Barrick Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Barrick Gold Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
| 0.7 | GOOG | Alphabet CDR | PairCorr |
| 0.64 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.58 | AMZN | Amazon CDR | PairCorr |
| 0.5 | IE | Ivanhoe Energy | PairCorr |
| 0.37 | GRA | NanoXplore | PairCorr |
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.