Barrick Gold Corp Stock Current Valuation
| ABX Stock | CAD 24.52 0.06 0.24% |
Valuation analysis of Barrick Gold Corp helps investors to measure Barrick Gold's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. At this time, Barrick Gold's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Multiple is likely to grow to 6.68, while Enterprise Value is likely to drop about 9 B. Fundamental drivers impacting Barrick Gold's valuation include:
Price Book 1.2905 | Enterprise Value 43.8 B | Enterprise Value Ebitda 5.2564 | Price Sales 3.4972 | Forward PE 9.7656 |
Fairly Valued
Today
Please note that Barrick Gold's price fluctuation is very steady at this time. Calculation of the real value of Barrick Gold Corp is based on 3 months time horizon. Increasing Barrick Gold's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Barrick Gold is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Barrick Stock. However, Barrick Gold's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 24.52 | Real 25.53 | Hype 24.7 |
The intrinsic value of Barrick Gold's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Barrick Gold's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Barrick Gold Corp helps investors to forecast how Barrick stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Barrick Gold more accurately as focusing exclusively on Barrick Gold's fundamentals will not take into account other important factors: Barrick Gold Corp Company Current Valuation Analysis
Barrick Gold's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Barrick Gold Current Valuation | 43.84 B |
Most of Barrick Gold's fundamental indicators, such as Current Valuation, 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.
Barrick Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for Barrick Gold is extremely important. It helps to project a fair market value of Barrick Stock properly, considering its historical fundamentals such as Current Valuation. Since Barrick Gold's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Barrick Gold's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Barrick Gold's interrelated accounts and indicators.
Click cells to compare fundamentals
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Barrick Gold Corp has a Current Valuation of 43.84 B. This is 284.28% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The current valuation for all Canada stocks is 163.73% lower than that of the firm.
Barrick Current Valuation 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 Current Valuation 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 current valuation category among its peers.
Barrick Gold ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Barrick Gold's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Barrick Gold's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Barrick Fundamentals
| 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 | ||||
| Price To Book | 1.29 X | ||||
| Price To Sales | 3.50 X | ||||
| Revenue | 11.4 B | ||||
| Gross Profit | 3.47 B | ||||
| EBITDA | 5.21 B | ||||
| Net Income | 1.95 B | ||||
| Cash And Equivalents | 3 M | ||||
| Cash Per Share | 3.27 X | ||||
| Total Debt | 5.22 B | ||||
| Debt To Equity | 0.16 % | ||||
| Current Ratio | 3.95 X | ||||
| Book Value Per Share | 13.63 X | ||||
| Cash Flow From Operations | 3.73 B | ||||
| Short Ratio | 3.23 X | ||||
| Earnings Per Share | 1.29 X | ||||
| Price To Earnings To Growth | 2.26 X | ||||
| Target Price | 23.45 | ||||
| Beta | 0.48 | ||||
| Market Capitalization | 43.14 B | ||||
| Total Asset | 45.81 B | ||||
| Retained Earnings | (6.71 B) | ||||
| Working Capital | 5.08 B | ||||
| Current Asset | 5.47 B | ||||
| Current Liabilities | 1.85 B | ||||
| Annual Yield | 0.02 % | ||||
| Five Year Return | 1.34 % | ||||
| Net Asset | 45.81 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
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| 0.33 | NVDA | NVIDIA CDR | 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.