ABX Stock Overview
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$22.76|
|52 Week High||CA$33.50|
|52 Week Low||CA$22.30|
|1 Month Change||-12.16%|
|3 Month Change||-27.08%|
|1 Year Change||-11.23%|
|3 Year Change||7.87%|
|5 Year Change||11.90%|
|Change since IPO||149.43%|
Recent News & Updates
Here's Why Barrick Gold (TSE:ABX) Can Manage Its Debt Responsibly
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
|ABX||CA Metals and Mining||CA Market|
Return vs Industry: ABX exceeded the Canadian Metals and Mining industry which returned -14.8% over the past year.
Return vs Market: ABX underperformed the Canadian Market which returned -3.7% over the past year.
|ABX Average Weekly Movement||4.3%|
|Metals and Mining Industry Average Movement||11.0%|
|Market Average Movement||10.1%|
|10% most volatile stocks in CA Market||17.3%|
|10% least volatile stocks in CA Market||4.4%|
Stable Share Price: ABX is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ABX's weekly volatility (4%) 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.
Barrick Gold Fundamentals Summary
|ABX fundamental statistics|
Is ABX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ABX income statement (TTM)|
|Cost of Revenue||US$7.11b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.08|
|Net Profit Margin||16.18%|
How did ABX perform over the long term?See historical performance and comparison
2.8%Current Dividend Yield
Is ABX undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ABX?
Other financial metrics that can be useful for relative valuation.
|What is ABX's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does ABX's PE Ratio compare to its peers?
|ABX PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
WPM Wheaton Precious Metals
K Kinross Gold
YRI Yamana Gold
ABX Barrick Gold
Price-To-Earnings vs Peers: ABX is good value based on its Price-To-Earnings Ratio (16.3x) compared to the peer average (26.4x).
Price to Earnings Ratio vs Industry
How does ABX's PE Ratio compare vs other companies in the CA Metals and Mining Industry?
Price-To-Earnings vs Industry: ABX is expensive based on its Price-To-Earnings Ratio (16.3x) compared to the Canadian Metals and Mining industry average (10.9x)
Price to Earnings Ratio vs Fair Ratio
What is ABX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||16.3x|
|Fair PE Ratio||13.5x|
Price-To-Earnings vs Fair Ratio: ABX is expensive based on its Price-To-Earnings Ratio (16.3x) compared to the estimated Fair Price-To-Earnings Ratio (13.5x).
Share Price vs Fair Value
What is the Fair Price of ABX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ABX (CA$22.76) is trading below our estimate of fair value (CA$57.9)
Significantly Below Fair Value: ABX is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: ABX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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How is Barrick Gold forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (-1.9% per year).
Earnings vs Market: ABX's earnings are forecast to decline over the next 3 years (-1.9% per year).
High Growth Earnings: ABX's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ABX's revenue (0.9% per year) is forecast to grow slower than the Canadian market (6.4% per year).
High Growth Revenue: ABX's revenue (0.9% per year) is forecast to grow slower than 20% 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 (7.7%).
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How has Barrick Gold performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ABX has high quality earnings.
Growing Profit Margin: ABX's current net profit margins (16.2%) are lower than last year (19.2%).
Past Earnings Growth Analysis
Earnings Trend: ABX's earnings have grown by 19.8% per year over the past 5 years.
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 (-21.9%) over the past year, making it difficult to compare to the Metals and Mining industry average (-6%).
Return on Equity
High ROE: ABX's Return on Equity (9.7%) is considered low.
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How is Barrick Gold's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: ABX's short term assets ($9.0B) exceed its short term liabilities ($2.2B).
Long Term Liabilities: ABX's short term assets ($9.0B) do not cover its long term liabilities ($12.4B).
Debt to Equity History and Analysis
Debt Level: ABX has more cash than its total debt.
Reducing Debt: ABX's debt to equity ratio has reduced from 68.9% to 15.6% over the past 5 years.
Debt Coverage: ABX's debt is well covered by operating cash flow (80.3%).
Interest Coverage: ABX's interest payments on its debt are well covered by EBIT (14.4x coverage).
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What is Barrick Gold current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ABX's dividend (2.83%) is higher than the bottom 25% of dividend payers in the Canadian market (2.02%).
High Dividend: ABX's dividend (2.83%) is low compared to the top 25% of dividend payers in the Canadian market (5.35%).
Stability and Growth of Payments
Stable Dividend: ABX's dividend payments have been volatile in the past 10 years.
Growing Dividend: ABX's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (35.2%), ABX's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (56.4%), ABX's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dennis Bristow (62 yo)
Dr. Dennis Mark Bristow, Ph D., serves as Member of International Advisory Board at Barrick Gold Corporation since 2022. He serves as President, Chief Executive Officer and Director at Barrick Gold Corpora...
CEO Compensation Analysis
Compensation vs Market: Dennis's total compensation ($USD14.48M) is above average for companies of similar size in the Canadian market ($USD8.63M).
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 (3.4 years average tenure).
Experienced Board: ABX's board of directors are considered experienced (7.9 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
- Implied Market Cap: CA$40.418b
- 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||2022/06/30 00:00|
|End of Day Share Price||2022/06/30 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.