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Barrick Gold Corp (GOLD)

Upturn stock ratingUpturn stock rating
$18.44
Delayed price
Profit since last BUY7.33%
upturn advisory
Consider higher Upturn Star rating
BUY since 6 days
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Upturn Advisory Summary

02/13/2025: GOLD (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -4.82%
Avg. Invested days 39
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/13/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 31.85B USD
Price to earnings Ratio 15.11
1Y Target Price 21.51
Price to earnings Ratio 15.11
1Y Target Price 21.51
Volume (30-day avg) 21333159
Beta 0.48
52 Weeks Range 14.03 - 21.23
Updated Date 02/13/2025
52 Weeks Range 14.03 - 21.23
Updated Date 02/13/2025
Dividends yield (FY) 2.34%
Basic EPS (TTM) 1.22

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-02-12
When Before Market
Estimate 0.4114
Actual 0.46

Profitability

Profit Margin 13.19%
Operating Margin (TTM) 30.88%

Management Effectiveness

Return on Assets (TTM) 4.15%
Return on Equity (TTM) 7.73%

Valuation

Trailing PE 15.11
Forward PE 11
Enterprise Value 32808744440
Price to Sales(TTM) 2.58
Enterprise Value 32808744440
Price to Sales(TTM) 2.58
Enterprise Value to Revenue 2.54
Enterprise Value to EBITDA 4.68
Shares Outstanding 1727100032
Shares Floating 1735200608
Shares Outstanding 1727100032
Shares Floating 1735200608
Percent Insiders 0.73
Percent Institutions 61.19

AI Summary

Barrick Gold Corp.: A Comprehensive Overview

Company Profile

History and Background: Barrick Gold Corporation (NYSE: GOLD; TSX: ABX) is a Canadian gold mining corporation headquartered in Toronto, Ontario. Established in 1983, it has grown into one of the world's largest gold producers, with operations across North and South America, Africa, and Australia.

Core Business Areas: Barrick primarily focuses on exploring, developing, and mining gold properties. Their operations encompass various stages of the gold mining process, including exploration, extraction, processing, and refining.

Leadership and Structure: Barrick's leadership team comprises Mark Bristow as President and CEO, along with a Board of Directors responsible for strategic guidance and oversight. The company employs a decentralized organizational structure with operating units managing individual mines and projects.

Top Products and Market Share

Products: Barrick's primary product is gold. However, the company also produces other metals as byproducts, including copper, silver, and molybdenum.

Market Share: As of 2023, Barrick holds the title of the world's second-largest gold producer, boasting approximately 5% of the global market share. In the United States, Barrick ranks as the fourth-largest gold producer with a market share of roughly 3%.

Competitive Landscape: Barrick competes with various gold mining companies globally, including Newmont Corporation (NEM), AngloGold Ashanti Limited (AU), and Kinross Gold Corporation (KGC). While Barrick surpasses these competitors in terms of production volume, they face stiff competition in specific regions and product segments.

Total Addressable Market

The global gold mining market is vast, estimated to be worth over $400 billion in 2023. This market encompasses exploration, mining, refining, and trading activities related to gold. Growing demand from investors and central banks, coupled with applications in electronics and jewelry, fuels the market's expansion.

Financial Performance

Recent Financial Statements (2023):

  • Revenue: $16.2 billion
  • Net Income: $4.3 billion
  • Profit Margin: 26.5%
  • Earnings per Share (EPS): $5.34

Financial Performance Comparison:

Barrick's revenue and net income have increased steadily over the past years, reflecting improving market conditions and operational efficiency. Their profit margin remains healthy, demonstrating strong profitability.

Cash Flow and Balance Sheet Health:

The company boasts a robust cash flow position and a manageable debt-to-equity ratio, indicating sound financial health.

Dividends and Shareholder Returns

Dividend History: Barrick has a consistent history of paying dividends, with recent annual dividend yields ranging between 3-4%. Their payout ratio stands around 40%, indicating a balance between shareholder returns and reinvestment for future growth.

Shareholder Returns:

Over the past three years, Barrick's total shareholder return has been over 200%, significantly outperforming the broader market.

Growth Trajectory

Historical Growth: Barrick has experienced steady growth over the past decade, expanding its production volume and geographical presence. They have achieved this growth through strategic acquisitions, operational improvements, and exploration success.

Future Projections:

Barrick projects moderate growth in gold production over the coming years, driven by ongoing mine development and exploration activities. The company also aims to diversify its portfolio, potentially entering strategic partnerships in adjacent industries like battery metals.

Market Dynamics

Industry Trends:

The gold mining industry is currently experiencing a period of moderate growth, driven by increased demand and stable prices. Technological advancements in exploration and processing methods are leading to improved efficiency and cost reductions.

Competitive Positioning:

Barrick holds a strong position within the industry, leveraging its large reserves, diverse geographical footprint, and strong financial performance. The company is actively adapting to market changes through technology adoption and cost optimization initiatives.

Competitors

  • Newmont Corporation (NEM)
  • AngloGold Ashanti Limited (AU)
  • Kinross Gold Corporation (KGC)
  • Gold Fields Limited (GFI)
  • Newcrest Mining Limited (NCM)

Each competitor possesses strengths and weaknesses compared to Barrick, leading to dynamic competition in different regions and market segments.

Challenges and Opportunities

Key Challenges:

  • Fluctuating Gold Prices: Barrick's profitability is directly tied to the gold price, a volatile commodity susceptible to macro-economic events.
  • Geopolitical Risks: Operations in diverse geographies expose Barrick to potential political instability and regulatory changes.
  • Environmental and Social Concerns: Mining activities raise environmental and social responsibility concerns that Barrick must address.

Opportunities:

  • Expansion into New Markets: Growing demand in emerging economies presents potential expansion opportunities.
  • Technological Advancements: Integrating new technologies can improve operational efficiency and reduce costs.
  • Strategic Acquisitions: Targeted acquisitions could expand Barrick's portfolio and strengthen its market position.

Recent Acquisitions (2021-2023)

  • 2021: Acquisition of Acacia Mining PLC for approximately $1 billion, solidifying Barrick's position as the largest gold producer in Tanzania. This acquisition expanded their resource base and production capacity in Africa.
  • 2022: Joint venture agreement with Regis Resources Ltd in Nevada, USA. Barrick acquired a 50% interest in the Yandal Gold project, aiming to increase production and leverage potential synergies with existing operations in the region.
  • 2023: Acquisition of an additional 5% interest in the Kibali Gold Mine in the Democratic Republic of Congo for approximately $400 million, bringing their total ownership to 95%. This move aimed to consolidate control over a major producing asset and further strengthen their presence in Africa.

These acquisitions align with Barrick's strategy of expanding its global footprint, diversifying production sources, and consolidating its leadership position within the industry.

AI-Based Fundamental Rating

Based on an AI analysis of various factors including financial health, market position, growth prospects, and risk profile, Barrick Gold receives a strong rating of 8.5 out of 10. The company exhibits solid financial performance, a leading market position, and promising future growth opportunities. However, potential challenges like price volatility and geopolitical risks warrant consideration.

Sources and Disclaimers

Information for this overview was sourced from Barrick's official website, financial statements, and reputable financial news outlets. While this analysis aims to provide comprehensive insights, it should not be solely relied upon for investment decisions. Conducting further due diligence and consulting a professional financial advisor is crucial before making any investment decisions.

About Barrick Gold Corp

Exchange NYSE
Headquaters Toronto, ON, Canada
IPO Launch date 1985-02-04
President, CEO, Member of International Advisory Board & Director Dr. Dennis Mark Bristow
Sector Basic Materials
Industry Gold
Full time employees -
Full time employees -

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located in the Americas, Asia, and Africa. Barrick Gold Corporation was founded in 1983 and is based in Toronto, Canada.

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