Barrick Gold Corporation

XTRA:ABR Stock Report

Market Cap: €30.6b

Barrick Gold Valuation

Is ABR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ABR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ABR (€17.37) is trading below our estimate of fair value (€19.22)

Significantly Below Fair Value: ABR is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ABR?

Key metric: As ABR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ABR. This is calculated by dividing ABR's market cap by their current earnings.
What is ABR's PE Ratio?
PE Ratio19.6x
EarningsUS$1.63b
Market CapUS$31.88b

Price to Earnings Ratio vs Peers

How does ABR's PE Ratio compare to its peers?

The above table shows the PE ratio for ABR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average40.4x
BAS BASF
76.5x34.2%€38.0b
HEI Heidelberg Materials
11.4x7.8%€21.2b
SY1 Symrise
37.8x13.2%€14.8b
EVK Evonik Industries
35.8x33.1%€8.2b
ABR Barrick Gold
19.6x18.0%€44.6b

Price-To-Earnings vs Peers: ABR is good value based on its Price-To-Earnings Ratio (19.6x) compared to the peer average (40.4x).

Price to Earnings Ratio vs Industry

How does ABR's PE Ratio compare vs other companies in the European Metals and Mining Industry?

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ABR 19.6xIndustry Avg. 12.1xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ABR is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the European Metals and Mining industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is ABR'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.

ABR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.6x
Fair PE Ratio22.4x

Price-To-Earnings vs Fair Ratio: ABR is good value based on its Price-To-Earnings Ratio (19.6x) compared to the estimated Fair Price-To-Earnings Ratio (22.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ABR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€17.37
€22.78
+31.1%
9.3%€26.30€19.22n/a11
Nov ’25€17.75
€22.29
+25.6%
8.0%€25.50€19.42n/a11
Oct ’25€18.27
€20.70
+13.3%
9.5%€25.10€18.61n/a11
Sep ’25€18.13
€20.15
+11.2%
9.5%€24.78€17.65n/a11
Aug ’25€16.92
€20.21
+19.4%
11.1%€25.80€17.21n/a11
Jul ’25€15.50
€20.27
+30.8%
11.9%€24.45€17.38n/a11
Jun ’25€15.67
€19.91
+27.1%
12.1%€24.09€16.66n/a11
May ’25€15.78
€19.87
+25.9%
13.3%€24.47€15.99n/a11
Apr ’25€15.36
€18.27
+18.9%
16.0%€23.79€13.17n/a11
Mar ’25€13.78
€18.26
+32.5%
16.1%€23.83€13.18n/a11
Feb ’25€14.72
€19.45
+32.1%
14.5%€24.93€15.81n/a11
Jan ’25€16.36
€19.68
+20.3%
15.6%€27.30€15.53n/a10
Dec ’24€16.22
€19.23
+18.6%
17.6%€27.55€14.14n/a11
Nov ’24€15.08
€19.99
+32.5%
18.3%€28.38€13.52€17.7511
Oct ’24€13.71
€20.76
+51.4%
14.9%€28.44€16.27€18.2711
Sep ’24€15.14
€19.46
+28.6%
10.0%€23.22€15.82€18.1310
Aug ’24€15.56
€19.46
+25.1%
10.1%€23.27€16.04€16.9210
Jul ’24€15.33
€19.93
+30.1%
9.9%€22.94€16.31€15.5011
Jun ’24€16.23
€20.21
+24.5%
9.6%€23.27€16.54€15.6712
May ’24€17.29
€20.00
+15.7%
10.1%€23.02€15.50€15.7811
Apr ’24€17.13
€18.87
+10.2%
10.5%€22.69€15.67€15.3611
Mar ’24€15.31
€19.62
+28.2%
9.5%€23.26€17.01€13.7811
Feb ’24€17.85
€19.86
+11.3%
13.1%€26.40€16.14€14.7211
Jan ’24€16.22
€20.07
+23.7%
17.7%€27.31€14.43€16.3611
Dec ’23€16.33
€20.56
+25.9%
18.4%€28.09€14.84€16.2211
Nov ’23€15.50
€21.76
+40.4%
19.0%€29.10€15.37€15.0811

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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