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Barrick Gold Corp (GOLD)



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Upturn Advisory Summary
02/13/2025: GOLD (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 Advisory Performance ![]() | Stock Returns Performance ![]() |
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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 - | Website https://www.barrick.com |
Full time employees - | Website https://www.barrick.com |
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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