Barrick Gold Corp ABX

Morningstar Rating
CAD 28.32 +0.39 (1.40%)
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Company Report

Price vs Fair Value

ABX is trading at a 398% premium.
Price
CAD 28.32
Fair Value
CAD 16.00
Uncertainty
Medium
1-Star Price
CAD 65.60
5-Star Price
CAD 87.00
Economic Moat
Tnc
Capital Allocation
Ntnlnhzq

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.

News

Trading Information

Previous Close Price
CAD 27.93
Day Range
CAD 27.9128.59
52-Week Range
CAD 18.6528.67
Bid/Ask
CAD 28.30 / CAD 28.40
Market Cap
CAD 49.64 Bil
Volume/Avg
3.5 Mil / 3.7 Mil

Key Statistics

Price/Earnings (Normalized)
20.50
Price/Sales
3.10
Dividend Yield (Trailing)
1.92%
Dividend Yield (Forward)
1.92%
Total Yield
2.05%

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

Competitors

Valuation

Metric
ABX
NEM
AEM
Price/Earnings (Normalized)
20.5036.2929.04
Price/Book Value
1.532.182.12
Price/Sales
3.103.815.74
Price/Cash Flow
8.3911.9113.05
Price/Earnings
ABX
NEM
AEM

Financial Strength

Metric
ABX
NEM
AEM
Quick Ratio
1.920.630.62
Current Ratio
3.012.111.51
Interest Coverage
10.62−3.7912.03
Quick Ratio
ABX
NEM
AEM

Profitability

Metric
ABX
NEM
AEM
Return on Assets (Normalized)
3.88%4.61%4.87%
Return on Equity (Normalized)
7.63%8.90%7.22%
Return on Invested Capital (Normalized)
5.56%7.11%6.83%
Return on Assets
ABX
NEM
AEM

Gold Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Zijin Mining Group Co Ltd ADR
ZIJMY
Gxzdqt$64.4 Bil
Zijin Mining Group Co Ltd Class H
ZIJMF
Hftlhk$64.4 Bil
Newmont Corp Chess Depository Interest
NEMCL
Lpj$63.7 Bil
Newmont Corp
NEM
WwykfpmXfv$63.7 Bil
Agnico Eagle Mines Ltd
AEM
JwswrpdNvfp$42.1 Bil
Barrick Gold Corp
GOLD
FfgfslkhBdcm$36.8 Bil
Wheaton Precious Metals Corp
WPM
PvmmbxccRjht$29.1 Bil
Franco-Nevada Corp
FNV
Jzdf$24.8 Bil
Gold Fields Ltd
GFIOF
Tcczdf$14.4 Bil
Kinross Gold Corp
KGC
GjmvrKfqcy$12.0 Bil

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