Is Barrick Gold Stock a Good Investment?
Barrick Gold Investment Advice | GOLD |
- Examine Barrick Gold's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Barrick Gold's leadership team and their track record. Good management can help Barrick Gold navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Metals & Mining space and any emerging trends that could impact Barrick Gold's business and its evolving consumer preferences.
- Compare Barrick Gold's performance and market position to its competitors. Analyze how Barrick Gold is positioned in terms of product offerings, innovation, and market share.
- Check if Barrick Gold pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Barrick Gold's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Barrick Gold Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Barrick Gold Corp is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine Barrick Gold Stock
Researching Barrick Gold's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 62.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.29. Some equities with similar Price to Book (P/B) outperform the market in the long run. Barrick Gold Corp has Price/Earnings To Growth (PEG) ratio of 2.34. The entity last dividend was issued on the 29th of November 2024. The firm had 2:1 split on the 2nd of March 1993.
To determine if Barrick Gold is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Barrick Gold's research are outlined below:
| Barrick Gold Corp generated a negative expected return over the last 90 days | |
| About 62.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: Earnings call Agilent Technologies Q4 revenue hits 1.701 billion |
Barrick Gold uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Barrick Gold Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Barrick Gold's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 14th of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Barrick Gold's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Barrick Gold's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2016-04-26 | 2016-03-31 | 0.1 | 0.11 | 0.01 | 10 | ||
2003-04-28 | 2003-03-31 | 0.06 | 0.05 | -0.01 | 16 | ||
2003-02-13 | 2002-12-31 | 0.09 | 0.1 | 0.01 | 11 | ||
2022-11-03 | 2022-09-30 | 0.11 | 0.13 | 0.02 | 18 | ||
2019-05-08 | 2019-03-31 | 0.09 | 0.11 | 0.02 | 22 | ||
2017-02-15 | 2016-12-31 | 0.2 | 0.22 | 0.02 | 10 | ||
2016-02-17 | 2015-12-31 | 0.06 | 0.08 | 0.02 | 33 | ||
2015-02-18 | 2014-12-31 | 0.13 | 0.15 | 0.02 | 15 |
Know Barrick Gold's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Barrick Gold is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Barrick Gold Corp backward and forwards among themselves. Barrick Gold's institutional investor refers to the entity that pools money to purchase Barrick Gold's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Bank Of Montreal | 2024-06-30 | 17.1 M | Bmo Capital Markets Corp. | 2024-06-30 | 17.1 M | Edgepoint Investment Group, Inc. | 2024-09-30 | 16.7 M | Amvescap Plc. | 2024-06-30 | 16.7 M | Ninety One Uk Limited | 2024-09-30 | 16.3 M | Cibc World Markets Inc. | 2024-06-30 | 15.3 M | Mackenzie Investments | 2024-09-30 | 15 M | Capital Research & Mgmt Co - Division 3 | 2024-09-30 | 14.1 M | Cibc Global Asset Management Inc | 2024-09-30 | 13.9 M | Van Eck Associates Corporation | 2024-06-30 | 77.4 M | Vanguard Group Inc | 2024-09-30 | 67.2 M |
Barrick Gold's market capitalization trends
The company currently falls under 'Large-Cap' category with a current market capitalization of 30.7 B.Market Cap |
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Barrick Gold's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.03 | 0.02 | |
| Return On Capital Employed | 0.06 | 0.07 | |
| Return On Assets | 0.03 | 0.02 | |
| Return On Equity | 0.05 | 0.06 |
Determining Barrick Gold's profitability involves analyzing its financial statements and using various financial metrics to determine if Barrick Gold is a good buy. For example, gross profit margin measures Barrick Gold's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Barrick Gold's profitability and make more informed investment decisions.
Please note, the presentation of Barrick Gold's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Barrick Gold's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Barrick Gold's management manipulating its earnings.
Evaluate Barrick Gold's management efficiency
Barrick Gold Corp 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 stockholder's equity (ROE) of 0.0773 %, meaning that it created $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 present, Barrick Gold's Return On Equity is projected to increase slightly based on the last few years of reporting. At present, Barrick Gold's Debt To Assets are projected to slightly decrease based on the last few years of reporting. The current year's Asset Turnover is expected to grow to 0.33, whereas Non Current Assets Total are forecasted to decline to about 19.9 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 18.23 | 9.64 | |
| Tangible Book Value Per Share | 16.16 | 16.96 | |
| Enterprise Value Over EBITDA | 6.36 | 6.68 | |
| Price Book Value Ratio | 1.36 | 1.37 | |
| Enterprise Value Multiple | 6.36 | 6.68 | |
| Price Fair Value | 1.36 | 1.37 | |
| Enterprise Value | 14.5 B | 9 B |
The decision-making processes within Barrick Gold are key to its success in a competitive market. By evaluating these processes, we assess the stock's potential for future gains.
Dividend Yield 0.0228 | Forward Dividend Yield 0.0228 | Forward Dividend Rate 0.4 | Beta 0.48 |
Basic technical analysis of Barrick Stock
As of the 28th of November, Barrick Gold shows the Mean Deviation of 1.52, risk adjusted performance of (0.08), and Standard Deviation of 1.89. Barrick Gold Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Barrick Gold Corp standard deviation, as well as the relationship between the treynor ratio and potential upside to decide if Barrick Gold Corp is priced correctly, providing market reflects its regular price of 17.57 per share. Given that Barrick Gold has information ratio of (0.18), we suggest you to validate Barrick Gold Corp's prevailing market performance to make sure the company can sustain itself at a future point.Barrick Gold's Outstanding Corporate Bonds
Barrick Gold issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Barrick Gold Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Barrick bonds can be classified according to their maturity, which is the date when Barrick Gold Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand Barrick Gold's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Barrick Gold's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.08) | |||
| Market Risk Adjusted Performance | (0.74) | |||
| Mean Deviation | 1.52 | |||
| Coefficient Of Variation | (930.91) | |||
| Standard Deviation | 1.89 | |||
| Variance | 3.56 | |||
| Information Ratio | (0.18) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.75) | |||
| Maximum Drawdown | 9.58 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 2.85 | |||
| Skewness | (0.22) | |||
| Kurtosis | (0.06) |
| Risk Adjusted Performance | (0.08) | |||
| Market Risk Adjusted Performance | (0.74) | |||
| Mean Deviation | 1.52 | |||
| Coefficient Of Variation | (930.91) | |||
| Standard Deviation | 1.89 | |||
| Variance | 3.56 | |||
| Information Ratio | (0.18) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.75) | |||
| Maximum Drawdown | 9.58 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 2.85 | |||
| Skewness | (0.22) | |||
| Kurtosis | (0.06) |
Consider Barrick Gold's intraday indicators
Barrick Gold intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Barrick Gold stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Barrick Gold Corporate Filings
13A | 8th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
6K | 7th of November 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
| 29th of May 2024 Other Reports | ViewVerify | |
| 15th of March 2024 Other Reports | ViewVerify |
Barrick Stock media impact
Far too much social signal, news, headlines, and media speculation about Barrick Gold that are available to investors today. That information is available publicly through Barrick media outlets and privately through word of mouth or via Barrick internal channels. However, regardless of the origin, that massive amount of Barrick data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Barrick Gold news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Barrick Gold relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Barrick Gold's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Barrick Gold alpha.
Barrick Gold Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Barrick Gold can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Barrick Gold Corp Historical Investor Sentiment
Investor biases related to Barrick Gold's public news can be used to forecast risks associated with an investment in Barrick. The trend in average sentiment can be used to explain how an investor holding Barrick can time the market purely based on public headlines and social activities around Barrick Gold Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Barrick Gold's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Barrick Gold and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Barrick Gold news discussions. The higher the estimate score, the more favorable the investor's outlook on Barrick Gold.
Barrick Gold Corporate Directors
| Loreto Silva | Independent Director | Profile | |
| Gustavo Cisneros | Independent Director | Profile | |
| Brian Greenspun | Independent Director | Profile | |
| Andrew Quinn | Independent Non-Executive Director | Profile |
Check out Risk vs Return Analysis 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 bureau of economic analysis. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Barrick Gold. If investors know Barrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Barrick Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.315 | Dividend Share 0.4 | Earnings Share 0.92 | Revenue Per Share 7.032 | Quarterly Revenue Growth 0.177 |
The market value of Barrick Gold Corp is measured differently than its book value, which is the value of Barrick that is recorded on the company's balance sheet. Investors also form their own opinion of Barrick Gold's value that differs from its market value or its book value, called intrinsic value, which is Barrick Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Barrick Gold's market value can be influenced by many factors that don't directly affect Barrick Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Barrick Gold's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Barrick Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barrick Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.