Barrick Gold (ABX) Stock Price, News & Analysis

Company Overview

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located in the Americas, Asia, and Africa. Barrick Gold Corporation was founded in 1983 and is based in Toronto, Canada.

Key Stats

• Today's Range: C$21.81 to C$22.46
• 50-Day Range: C$21.91 to C$29.28
• 52-Week Range: C$18.65 to C$29.50
• Volume: 11.56 million shs
• Average Volume: 3.59 million shs
• Market Capitalization: C$38.89 billion
• P/E Ratio: 18.67
• Dividend Yield: 2.43%
• Price Target: C$30.17
• Consensus Rating: Moderate Buy

Barrick Gold Stock Analysis - MarketRank™

Barrick Gold scored higher than 71% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Barrick Gold has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Barrick Gold has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Barrick Gold is 18.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.45.

Price to Earnings Ratio vs. Sector

The P/E ratio of Barrick Gold is 18.67, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 111.91.

Price to Earnings Growth Ratio

Barrick Gold has a PEG Ratio of 2.34. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Barrick Gold has a P/B Ratio of 1.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ABX.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Barrick Gold pays a meaningful dividend of 1.95%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Barrick Gold does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Barrick Gold is 45.38%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for ABX.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.17

News Sentiment

Barrick Gold has a news sentiment score of 0.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Barrick Gold this week, compared to 4 articles on an average week.

Search Interest

Only 6 people have searched for ABX on MarketBeat in the last 30 days. This is a decrease of -54% compared to the previous 30 days.

MarketBeat Follows

6 people have added Barrick Gold to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Barrick Gold insiders have sold 52.23% more of their company's stock than they have bought. Specifically, they have bought C$2,279,937.00 in company stock and sold C$3,470,700.00 in company stock.

Percentage Held by Insiders

Only 0.60% of the stock of Barrick Gold is held by insiders.

Percentage Held by Institutions

62.23% of the stock of Barrick Gold is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ABX Stock Analysis - Frequently Asked Questions

How have ABX shares performed this year?

Barrick Gold's stock was trading at C$23.94 at the start of the year. Since then, ABX stock has decreased by 7.2% and is now trading at C$22.22.
View the best growth stocks for 2024 here.

How do I buy shares of Barrick Gold?

Shares of ABX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Barrick Gold own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Barrick Gold investors own include Barrick Gold (GOLD), NVIDIA (NVDA), TELUS (T), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Tesla (TSLA) and Enbridge (ENB).

Company Calendar

• Ex-Dividend for 12/16 Dividend: 11/29/2024
• Dividend Payable: 12/16/2024
• Today: 12/21/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Basic Materials
• Industry: Gold
• Sub-Industry: Precious Metals
• Current Symbol: TSE:ABX
• CUSIP: N/A
• CIK: N/A
• Web: www.barrick.com
• Phone: +1-416-3077470
• Fax: N/A
• Employees: 21,300
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$30.17
• High Stock Price Target: C$38.00
• Low Stock Price Target: C$21.00
• Potential Upside/Downside: +35.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.82
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.19
• Trailing P/E Ratio: 18.67
• Forward P/E Ratio: 9.91
• P/E Growth: 2.34
• Net Income: C$1.51 billion
• Net Margins: 12.78%
• Pretax Margin: N/A
• Return on Equity: 7.20%
• Return on Assets: 4.00%

Debt

• Debt-to-Equity Ratio: 14.54
• Current Ratio: 3.01
• Quick Ratio: 2.62

Sales & Book Value

• Annual Sales: C$11.83 billion
• Price / Sales: 3.29
• Cash Flow: C$3.07 per share
• Price / Cash Flow: 7.23
• Book Value: C$13.47 per share
• Price / Book: 1.65

Miscellaneous

• Outstanding Shares: 1,750,000,000
• Free Float: N/A
• Market Cap: C$38.89 billion
• Optionable: Not Optionable
• Beta: 0.48