Now trading at a price of $18.52, Barrick Gold has moved 2.2% so far today.
Over the last year, Barrick Gold logged a 4.5% change, with its stock price reaching a high of $18.95 and a low of $13.76. Over the same period, the stock underperformed the S&P 500 index by -19.5%. AThe company's 50-day average price was $16.92. Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The Large-Cap Basic Materials company is headquartered in Toronto, Canada. Barrick Gold has offered a 2.2% dividend yield over the last 12 months.
Generally Positive Cash Flows and a Positive EPS Growth Rate:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $7,243 | $9,717 | $12,595 | $11,985 | $11,013 | $11,397 |
| Net Margins | -21% | 41% | 18% | 17% | 4% | 11% |
| Net Income (M) | -$1,545 | $3,969 | $2,324 | $2,022 | $432 | $1,272 |
| Net Interest Expense (M) | $452 | $435 | $342 | $357 | $366 | $387 |
| Earnings Per Share | -$1.32 | $2.26 | $1.31 | $1.14 | $0.24 | $0.72 |
| EPS Growth | n/a | 271.21% | -42.04% | -12.98% | -78.95% | 200.0% |
| Free Cash Flow (M) | $1,765 | $2,833 | $5,417 | $4,378 | $3,481 | $3,732 |
| Total Debt (M) | $5,695 | $5,161 | $5,135 | $5,135 | $4,769 | $4,715 |
| Current Ratio | 2.38 | 2.9 | 3.67 | 3.95 | 2.71 | 3.16 |
Barrick Gold has generally positive cash flows, an excellent current ratio of 3.16, and positive EPS growth.
Barrick Gold's Earnings and Assets May Be Undervalued:
Barrick Gold has a trailing twelve month P/E ratio of 20.6, compared to an average of 22.71 for the Basic Materials sector. Based on its EPS guidance of $1.48, the company has a forward P/E ratio of 11.4. The 11.3% compound average growth rate of Barrick Gold's historical and projected earnings per share yields a PEG ratio of 1.82. This suggests that these shares are overvalued. In contrast, the market is likely undervaluing Barrick Gold in terms of its equity because its P/B ratio is 1.39 while the sector average is 3.12.
Barrick Gold Has an Average Rating of Buy:
The 19 analysts following Barrick Gold have set target prices ranging from $18.0 to $27.0 per share, for an average of $22.42 with a buy rating. The company is trading -17.4% away from its average target price, indicating that there is an analyst consensus of some upside potential.
The largest shareholder is Van Eck Associates Corporation, whose 4% stake in the company is worth $1,435,543,596.
