Now trading at a price of $18.75, Barrick Gold has moved 1.5% so far today.
Barrick Gold returned gains of 17.1% last year, with its stock price reaching a high of $21.35 and a low of $15.11. Over the same period, the stock outperformed the S&P 500 index by 5.1%. More recently, the company's 50-day average price was $16.75. Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. 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.
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 |
The Market May Be Undervaluing Barrick Gold's Earnings and Assets:
Barrick Gold has a trailing twelve month P/E ratio of 13.7, compared to an average of 24.53 for the Basic Materials sector. Based on its EPS guidance of $1.82, the company has a forward P/E ratio of 9.2. The -3.0% compound average growth rate of Barrick Gold's historical and projected earnings per share yields a PEG ratio of -4.51. 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 1.33 while the sector average is 2.64.
Analysts Give Barrick Gold an Average Rating of Buy:
The 14 analysts following Barrick Gold have set target prices ranging from $17.0 to $27.0 per share, for an average of $21.53 with a buy rating. The company is trading -12.9% 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 $1,430,240,452.
