Now trading at a price of $19.14, Barrick Gold has moved -1.0% so far today.
Barrick Gold returned gains of 17.2% last year, with its stock price reaching a high of $21.35 and a low of $13.76. Over the same period, the stock underperformed the S&P 500 index by -13.7%. The company's 50-day average price was $20.14. 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 2.1% dividend yield over the last 12 months.
An Excellent Current Ratio but Positive Cash Flows:
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $9,717 | $12,595 | $11,985 | $11,013 | $11,397 | $3,162 |
| Net Margins | 41% | 18% | 17% | 4% | 11% | 12% |
| Net Income (M) | $3,969 | $2,324 | $2,022 | $432 | $1,272 | $370 |
| Net Interest Expense (M) | $435 | $342 | $357 | $366 | $387 | -$51 |
| Earnings Per Share | $2.26 | $1.31 | $1.14 | $0.24 | $0.72 | $0.21 |
| EPS Growth | n/a | -42.04% | -12.98% | -78.95% | 200.0% | -70.83% |
| Free Cash Flow (M) | $2,833 | $5,417 | $4,378 | $3,481 | $3,732 | $1,159 |
| Total Debt (M) | $5,161 | $5,135 | $5,135 | $4,769 | $4,715 | $4,713 |
| Current Ratio | 2.9 | 3.67 | 3.95 | 2.71 | 3.16 | 3.01 |
Barrick Gold's Earnings and Assets May Be Undervalued:
Barrick Gold has a trailing twelve month P/E ratio of 23.4, compared to an average of 24.53 for the Basic Materials sector. Based on its EPS guidance of $1.86, the company has a forward P/E ratio of 10.8. The -2.7% compound average growth rate of Barrick Gold's historical and projected earnings per share yields a PEG ratio of -8.54. This indicates that its shares are overvalued.In contrast, the market is likely undervaluing Barrick Gold in terms of its equity because its P/B ratio is 1.42 while the sector average is 2.64.
There's an Analyst Consensus of Strong Upside Potential for Barrick Gold:
The 16 analysts following Barrick Gold have set target prices ranging from $22.0 to $37.0 per share, for an average of $25.57 with a buy rating. The company is trading -25.1% away from its average target price, indicating that there is an analyst consensus of strong upside potential.
The largest shareholder is Van Eck Associates Corporation, whose 4% stake in the company is worth $1,430,082,427.
