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TSE:ABX

Barrick Gold (ABX) Stock Price, News & Analysis

C$24.61
+0.09 (+0.37%)
(As of 07/26/2024 ET)
Today's Range
C$24.54
C$24.81
50-Day Range
C$22.01
C$26.32
52-Week Range
C$18.65
C$26.58
Volume
2.73 million shs
Average Volume
3.52 million shs
Market Capitalization
C$43.31 billion
P/E Ratio
21.78
Dividend Yield
2.23%
Price Target
C$30.18

Barrick Gold MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
22.6% Upside
C$30.18 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.50mentions of Barrick Gold in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
C$828,000 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.45 out of 5 stars

ABX stock logo

About Barrick Gold Stock (TSE:ABX)

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.

ABX Stock Price History

ABX Stock News Headlines

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Company Calendar

Last Earnings
5/01/2024
Ex-Dividend for 6/17 Dividend
5/31/2024
Dividend Payable
6/17/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/12/2024

Industry, Sector and Symbol

Industry
Gold
Sub-Industry
Precious Metals
CIK
N/A
Fax
N/A
Employees
21,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$30.18
High Stock Price Target
C$38.00
Low Stock Price Target
C$24.00
Potential Upside/Downside
+22.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
C$1.45 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$11.50 billion
Cash Flow
C$3.42 per share
Book Value
C$13.36 per share

Miscellaneous

Outstanding Shares
1,760,000,000
Free Float
N/A
Market Cap
C$43.52 billion
Optionable
Not Optionable
Beta
0.46
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Key Executives

  • Dr. Dennis Mark Bristow (Age 65)
    President, CEO, Member of International Advisory Board & Director
    Comp: $8.37M
  • Mr. Graham Patrick Shuttleworth (Age 55)
    Senior EVP & CFO
    Comp: $3.61M
  • Mr. Kevin J. Thomson (Age 67)
    Senior Executive Vice President of Strategic Matters
    Comp: $3.54M
  • Mr. Mark F. Hill B.Eng (Age 59)
    Chief Operating Officer of Latin America & Asia Pacific
    Comp: $3.08M
  • Mr. Sebastiaan Bock (Age 45)
    Chief Operating Officer of Africa & Middle East
    Comp: $2.69M
  • Mr. Rousseau Jooste
    Global Head of Engineering, Capital Projects & Technology
  • Ms. Lois V. Wark (Age 68)
    Group Corporate Communications & Investor Relations Executive
  • Ms. Poupak Bahamin (Age 53)
    General Counsel
  • Mr. Darian Kevin Rich (Age 63)
    Human Resources Executive
  • Mike Estes
    Chief Financial Officer of Barrick Nevada

Should I Buy Barrick Gold Stock? ABX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Barrick Gold Co.:

  • Barrick Gold's stock price is currently trading at C$23.21, showing potential for growth.
  • Positive analyst ratings with a consensus recommendation of "Moderate Buy" and multiple buy ratings.
  • Recent increase in dividend payout, indicating strong financial performance and commitment to shareholders.
  • Consistent quarterly earnings results beating analysts' estimates, showcasing operational efficiency.
  • Strong market capitalization of C$40.85 billion, reflecting stability and investor confidence.

Cons

Investors should be bearish about investing in Barrick Gold Co. for these reasons:

  • High debt-to-equity ratio of 14.67, indicating potential financial risk and leverage concerns.
  • Recent insider selling activity, such as Director Andrew James Quinn selling 36,000 shares, may raise questions about future prospects.
  • Lower-than-expected revenue in the last quarter compared to analysts' estimates, signaling potential challenges in revenue generation.
  • Relatively low return on equity of 6.83%, suggesting room for improvement in profitability and efficiency.
  • Volatility in stock price movements, with a beta of 0.46, indicating sensitivity to market fluctuations.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 30, 2024. Please send any questions or comments about these Barrick Gold pros and cons to contact@marketbeat.com.

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 increased by 2.8% and is now trading at C$24.61.
View the best growth stocks for 2024 here
.

How were Barrick Gold's earnings last quarter?

Barrick Gold Co. (TSE:ABX) announced its earnings results on Wednesday, May, 1st. The basic materials company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.04. The basic materials company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.98 billion. Barrick Gold had a trailing twelve-month return on equity of 6.83% and a net margin of 12.58%.

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), Bank of Nova Scotia (BNS), AT&T (T), Enbridge (ENB), Suncor Energy (SU) and Toronto-Dominion Bank (TD).

This page (TSE:ABX) was last updated on 7/26/2024 by MarketBeat.com Staff

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