Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties.
Barrick Gold Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$23.46|
|52 Week High||CA$23.35|
|52 Week Low||CA$39.05|
|1 Month Change||-6.87%|
|3 Month Change||-9.04%|
|1 Year Change||-38.55%|
|3 Year Change||71.12%|
|5 Year Change||-2.90%|
|Change since IPO||157.10%|
Recent News & Updates
|ABX||CA Metals and Mining||CA Market|
Return vs Industry: ABX underperformed the Canadian Metals and Mining industry which returned -10.4% over the past year.
Return vs Market: ABX underperformed the Canadian Market which returned 30% over the past year.
Stable Share Price: ABX is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: ABX's weekly volatility (3%) has been stable over the past year.
About the Company
Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, 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 throughout the Americas and Africa.
Is Barrick Gold undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ABX (CA$23.46) is trading above our estimate of fair value (CA$18.25)
Significantly Below Fair Value: ABX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ABX is poor value based on its PE Ratio (13.1x) compared to the Canadian Metals and Mining industry average (11.3x).
PE vs Market: ABX is poor value based on its PE Ratio (13.1x) compared to the Canadian market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: ABX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ABX is good value based on its PB Ratio (1.4x) compared to the CA Metals and Mining industry average (2.5x).
How is Barrick Gold forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ABX's earnings are forecast to decline over the next 3 years (-7.3% per year).
Earnings vs Market: ABX's earnings are forecast to decline over the next 3 years (-7.3% per year).
High Growth Earnings: ABX's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ABX's revenue is expected to decline over the next 3 years (-2.4% per year).
High Growth Revenue: ABX's revenue is forecast to decline over the next 3 years (-2.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ABX's Return on Equity is forecast to be low in 3 years time (5.2%).
How has Barrick Gold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ABX has high quality earnings.
Growing Profit Margin: ABX's current net profit margins (19.9%) are lower than last year (39%).
Past Earnings Growth Analysis
Earnings Trend: ABX has become profitable over the past 5 years, growing earnings by 38% per year.
Accelerating Growth: ABX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ABX had negative earnings growth (-43.1%) over the past year, making it difficult to compare to the Metals and Mining industry average (116%).
Return on Equity
High ROE: ABX's Return on Equity (12%) is considered low.
How is Barrick Gold's financial position?
Financial Position Analysis
Short Term Liabilities: ABX's short term assets ($8.0B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: ABX's short term assets ($8.0B) do not cover its long term liabilities ($12.6B).
Debt to Equity History and Analysis
Debt Level: ABX's debt to equity ratio (15.8%) is considered satisfactory.
Reducing Debt: ABX's debt to equity ratio has reduced from 91.7% to 15.8% over the past 5 years.
Debt Coverage: ABX's debt is well covered by operating cash flow (107%).
Interest Coverage: ABX's interest payments on its debt are well covered by EBIT (19x coverage).
What is Barrick Gold current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ABX's dividend (1.95%) is higher than the bottom 25% of dividend payers in the Canadian market (1.63%).
High Dividend: ABX's dividend (1.95%) is low compared to the top 25% of dividend payers in the Canadian market (4.45%).
Stability and Growth of Payments
Stable Dividend: ABX's dividend payments have been volatile in the past 10 years.
Growing Dividend: ABX's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.4%), ABX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ABX's dividends in 3 years are forecast to be well covered by earnings (37.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dennis Bristow (62 yo)
Dr. Dennis Mark Bristow, Ph D., serves as President, Chief Executive Officer and Director at Barrick Gold Corporation since January 1, 2019. He has been Director and Non-Executive Chairman at Midway Resour...
CEO Compensation Analysis
Compensation vs Market: Dennis's total compensation ($USD18.13M) is above average for companies of similar size in the Canadian market ($USD5.92M).
Compensation vs Earnings: Dennis's compensation has been consistent with company performance over the past year.
Experienced Management: ABX's management team is considered experienced (5 years average tenure).
Experienced Board: ABX's board of directors are considered experienced (7.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Barrick Gold Corporation's employee growth, exchange listings and data sources
- Name: Barrick Gold Corporation
- Ticker: ABX
- Exchange: TSX
- Founded: 1983
- Industry: Gold
- Sector: Materials
- Market Cap: CA$43.485b
- Shares outstanding: 1.78b
- Website: https://www.barrick.com
Number of Employees
- Barrick Gold Corporation
- TD Canada Trust Tower
- Suite 3700
- M5J 2S1
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 22:49|
|End of Day Share Price||2021/09/16 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.