Barrick Gold
Market Cap
US$35.2b
Last Updated
2021/03/06 23:32 UTC
Data Sources
Company Financials +
Executive Summary
Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 9.9% per year for the next 3 years
Snowflake Analysis
Excellent balance sheet and fair value.
Similar Companies
Share Price & News
How has Barrick Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GOLD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: GOLD's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
6.3%
GOLD
3.4%
US Metals and Mining
-0.4%
US Market
1 Year Return
-6.5%
GOLD
70.4%
US Metals and Mining
36.2%
US Market
Return vs Industry: GOLD underperformed the US Metals and Mining industry which returned 70.4% over the past year.
Return vs Market: GOLD underperformed the US Market which returned 36.2% over the past year.
Shareholder returns
| GOLD | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.3% | 3.4% | -0.4% |
| 30 Day | -9.8% | 7.6% | -2.3% |
| 90 Day | -15.6% | 13.8% | 5.0% |
| 1 Year | -5.2%-6.5% | 74.8%70.4% | 39.1%36.2% |
| 3 Year | 74.5%67.9% | 31.9%22.8% | 48.4%39.0% |
| 5 Year | 49.8%42.2% | 139.4%117.2% | 116.6%92.4% |
Long-Term Price Volatility Vs. Market
How volatile is Barrick Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Barrick Gold undervalued compared to its fair value and its price relative to the market?
15.14x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GOLD ($19.84) is trading above our estimate of fair value ($11.9)
Significantly Below Fair Value: GOLD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GOLD is good value based on its PE Ratio (15.1x) compared to the US Metals and Mining industry average (17.3x).
PE vs Market: GOLD is good value based on its PE Ratio (15.1x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: GOLD's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: GOLD is good value based on its PB Ratio (1.5x) compared to the US Metals and Mining industry average (2.1x).
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Future Growth
How is Barrick Gold forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
-9.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GOLD's earnings are forecast to decline over the next 3 years (-9.9% per year).
Earnings vs Market: GOLD's earnings are forecast to decline over the next 3 years (-9.9% per year).
High Growth Earnings: GOLD's earnings are forecast to decline over the next 3 years.
Revenue vs Market: GOLD's revenue is expected to decline over the next 3 years (-2.9% per year).
High Growth Revenue: GOLD's revenue is forecast to decline over the next 3 years (-2.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GOLD's Return on Equity is forecast to be low in 3 years time (7.4%).
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Past Performance
How has Barrick Gold performed over the past 5 years?
47.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GOLD has high quality earnings.
Growing Profit Margin: GOLD's current net profit margins (18.5%) are lower than last year (40.8%).
Past Earnings Growth Analysis
Earnings Trend: GOLD has become profitable over the past 5 years, growing earnings by 47.9% per year.
Accelerating Growth: GOLD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GOLD had negative earnings growth (-41.5%) over the past year, making it difficult to compare to the Metals and Mining industry average (-3.1%).
Return on Equity
High ROE: GOLD's Return on Equity (11.4%) is considered low.
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Financial Health
How is Barrick Gold's financial position?
Financial Position Analysis
Short Term Liabilities: GOLD's short term assets ($8.1B) exceed its short term liabilities ($2.2B).
Long Term Liabilities: GOLD's short term assets ($8.1B) do not cover its long term liabilities ($12.6B).
Debt to Equity History and Analysis
Debt Level: GOLD's debt to equity ratio (16.7%) is considered satisfactory.
Reducing Debt: GOLD's debt to equity ratio has reduced from 103.6% to 16.7% over the past 5 years.
Debt Coverage: GOLD's debt is well covered by operating cash flow (102.2%).
Interest Coverage: GOLD's interest payments on its debt are well covered by EBIT (17.7x coverage).
Balance Sheet
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Dividend
What is Barrick Gold current dividend yield, its reliability and sustainability?
1.82%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GOLD's dividend (1.82%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: GOLD's dividend (1.82%) is low compared to the top 25% of dividend payers in the US market (3.64%).
Stability and Growth of Payments
Stable Dividend: GOLD's dividend payments have been volatile in the past 10 years.
Growing Dividend: GOLD's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.2%), GOLD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GOLD's dividends in 3 years are forecast to be well covered by earnings (30.4% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average management tenure
CEO
Dennis Bristow (61 yo)
2.17yrs
Tenure
US$17,368,738
Compensation
Dr. Dennis Mark Bristow, Ph.D., serves as President, Chief Executive Officer and Director at Barrick Gold Corporation since January 1, 2019. He has been Director and Non-Executive Chairman at Midway Resour...
CEO Compensation Analysis
Compensation vs Market: Dennis's total compensation ($USD17.37M) is above average for companies of similar size in the US market ($USD10.58M).
Compensation vs Earnings: Insufficient data to compare Dennis's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non-Independent Executive Chairman & Member of International Advisory Board | 6.92yrs | US$5.55m | 0.14% $ 50.1m | |
| President | 2.17yrs | US$17.37m | 0.30% $ 106.3m | |
| Senior EVP & CFO | 2.17yrs | US$6.27m | 0.031% $ 11.0m | |
| Senior Executive Vice President of Strategic Matters | 6.42yrs | US$5.48m | 0.0089% $ 3.1m | |
| Chief Operating Officer of Latam & Asia Pacific | no data | US$4.78m | 0.0041% $ 1.4m | |
| Senior Vice President of Investor Relations | 3.08yrs | no data | no data | |
| General Counsel | 6.33yrs | no data | no data | |
| Group Corporate Communications & Investor Relations Executive | 2.17yrs | no data | 0.0071% $ 2.5m | |
| Human Resources Executive | no data | no data | 0.0095% $ 3.4m | |
| Executive Vice President of Exploration & Growth | 16.17yrs | no data | 0.0067% $ 2.4m | |
| Chief Operating Officer of North America | 5.83yrs | US$4.62m | 0.0096% $ 3.4m | |
| Chief Financial Officer of Barrick Nevada | no data | no data | no data |
4.5yrs
Average Tenure
60yo
Average Age
Experienced Management: GOLD's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non-Independent Executive Chairman & Member of International Advisory Board | 6.92yrs | US$5.55m | 0.14% $ 50.1m | |
| President | 2.17yrs | US$17.37m | 0.30% $ 106.3m | |
| Chairman of International Advisory Board | no data | US$1.20m | no data | |
| Member of International Advisory Board & Independent Director | 17.5yrs | US$320.00k | 0.00062% $ 218.1k | |
| Lead Independent Director | 7.25yrs | US$385.00k | 0.0016% $ 577.0k | |
| Member of International Advisory Board | no data | no data | no data | |
| Member of International Advisory Board | no data | no data | no data | |
| Member of International Advisory Board | no data | no data | no data | |
| Member of International Advisory Board | no data | no data | no data | |
| Independent Director | 2.17yrs | US$330.00k | 0.0068% $ 2.4m | |
| Member of International Advisory Board | no data | no data | no data | |
| Member of International Advisory Board | no data | no data | no data |
6.9yrs
Average Tenure
68yo
Average Age
Experienced Board: GOLD's board of directors are considered experienced (6.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GOLD insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Barrick Gold Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Barrick Gold Corporation
- Ticker: GOLD
- Exchange: NYSE
- Founded: 1983
- Industry: Gold
- Sector: Materials
- Market Cap: CA$44.650b
- Listing Market Cap: CA$35.183b
- Shares outstanding: 1.78b
- Website: https://www.barrick.com
Number of Employees
Location
- Barrick Gold Corporation
- Brookfield Place, TD Canada Trust Tower
- Suite 3700
- Toronto
- Ontario
- M5J 2S1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ABX | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | May 1983 |
| GOLD | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | May 1983 |
| ABX | SWX (SIX Swiss Exchange) | Yes | Common Shares | CH | CHF | May 1983 |
| 0R22 | LSE (London Stock Exchange) | Yes | Common Shares | GB | GBP | May 1983 |
| ABR | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | May 1983 |
| ABR | XTRA (XETRA Trading Platform) | Yes | Common Shares | DE | EUR | May 1983 |
| GOLD N | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | May 1983 |
| ABRD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | EUR | May 1983 |
| ABX | BVL (Bolsa de Valores de Lima) | Yes | Common Shares | PE | USD | May 1983 |
| GOLD | BASE (Buenos Aires Stock Exchange) | CEDEAR EACH REP 1 COM NPV | AR | ARS | Mar 2004 |
Biography
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, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/06 23:32 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.