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Barrick Gold Corp GOLD

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Stock XNYS Rating as of
$16.62 +0.06 (0.36%)
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As of Delayed Price Post-Trading: $16.60 0.00
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Company Report

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Commodity Price Update Q3 2024: Value in Mineral Sands, Gold, and Thermal Coal

Jon Mills

Base metals prices surged earlier in the June quarter of 2024 before partially reversing due to concerns over China’s economy. Iron ore prices are broadly stable despite China's struggling property market and weak infrastructure spending, leading to questions over China's steel demand. After updating our commodity price assumptions, no-moat Iluka is the cheapest miner we cover, trading 31% below its unchanged fair value estimate of AUD 9.50.

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Price vs Fair Value

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GOLD is trading at a 494% premium.
Price
$16.56
Fair Value
$54.00
Uncertainty
Medium
1-Star Price
$35.60
5-Star Price
$65.20
Economic Moat
Pqz
Capital Allocation
Xnptqjwy

Bulls Say, Bears Say

Bulls

Barrick's portfolio of mines helps diversify mine-specific and geopolitical risk that all gold miners face.

Bears

Around half of Barrick’s gold production is in locales marked by higher sovereign risk.

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News

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Trading Information

Previous Close Price
$16.56
Day Range
$16.41–16.70
52-Week Range
$13.76–18.95
Bid/Ask
$16.60 / $16.61
Market Cap
$29.18 Bil
Volume/Avg
11.8 Mil / 23.0 Mil

Key Statistics

Price/Earnings (Normalized)
18.62
Price/Sales
2.53
Dividend Yield (Trailing)
2.42%
Dividend Yield (Forward)
2.42%
Total Yield
2.42%

Company Profile

Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2023, the firm produced nearly 4.1 million attributable ounces of gold and about 420 million pounds of copper. At year-end 2023, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in 19 countries in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure. Its potential Reko Diq project in Pakistan, if developed, could double copper production by the end of the decade.
Sector
Basic Materials
Industry
Gold
Stock Style Box
Large Growth
Total Number of Employees
24,600
Website
https://www.barrick.com

Competitors

Valuation

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Metric
GOLD
NEM
AEM
Price/Earnings (Normalized)
 18.6227.2226.57
Price/Book Value
 1.241.661.67
Price/Sales
 2.532.954.65
Price/Cash Flow
 6.9210.0211.08
Price/Earnings
GOLD
NEM
AEM

Financial Strength

Metric
GOLD
NEM
AEM
Quick Ratio
 2.090.570.69
Current Ratio
 3.322.152.21
Interest Coverage
 9.98−7.469.56
Quick Ratio
GOLD
NEM
AEM

Profitability

Metric
GOLD
NEM
AEM
Return on Assets (Normalized)
 3.40%3.70%3.79%
Return on Equity (Normalized)
 6.73%7.22%5.65%
Return on Invested Capital (Normalized)
 4.86%5.73%5.30%
Return on Assets
GOLD
NEM
AEM
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Gold Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Zijin Mining Group Co Ltd ADR
ZIJMY
—Vxslql$63.7 Bil
 Zijin Mining Group Co Ltd Class H
ZIJMF
—Clbvv$63.7 Bil
 Newmont Corp Chess Depository Interest
NEMCL
—Gmnnc$48.0 Bil
 Newmont Corp
NEM
QpywftddKqzy$48.0 Bil
 Agnico Eagle Mines Ltd
AEM
KtqgwsrjPbytd$32.6 Bil
 Wheaton Precious Metals Corp
WPM
QvqtgmjwgLbhk$23.8 Bil
 Franco-Nevada Corp
FNV
—Kcqly$22.8 Bil
 Gold Fields Ltd
GFIOF
—Mgfrn$13.5 Bil
 Kinross Gold Corp
KGC
ZrqffBlrl$10.2 Bil

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