4.21%
8.11%
-13.95%
-4.54%
14.18%
-1.40%
-1.40%
AI Spotlight on ABX
Company Description
Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties.It has ownership interests in producing gold mines that are located in Argentina, Canada, CΓ΄te d'Ivoire, the Democratic Republic of Congo, 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 throughout the Americas and Africa.
Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.
Market Data
| Last Price | 23.99 |
| Change Percentage | 4.21% |
| Open | 23.43 |
| Previous Close | 23.02 |
| Market Cap ( Millions) | 41936 |
| Volume | 3501276 |
| Year High | 29.5 |
| Year Low | 18.65 |
| M A 50 | 23.44 |
| M A 200 | 24.71 |
Financial Ratios
| FCF Yield | 3.59% |
| Dividend Yield | 2.26% |
| ROE | 6.92% |
| Debt / Equity | 19.83% |
| Net Debt / EBIDTA | 8.42% |
| Price To Book | 1.22 |
| Price Earnings Ratio | 17.84 |
| Price To FCF | 27.89 |
| Price To sales | 2.35 |
| EV / EBITDA | 4.96 |
News
- Jan -29 - Barrick Gold's Kibali Mine Gives a Strong Performance in Q4
- Jan -28 - Barrick Gold (GOLD) Stock Sinks As Market Gains: What You Should Know
- Jan -28 - Barrick Gold Edges Up as Says Kibali Mine Ended 2024 With "Strong" Results
- Jan -28 - Barrickβs Kibali Ends 2024 With Strong Performance
- Jan -28 - Barrick, Mali to negotiate tax dispute and gold seizure issues
- Jan -27 - Kinross Gold's Production Outlook Improves, Analyst Double Upgrades Stock
- Jan -27 - Barrick and Mali govt to start new negotiations on Tuesday
- Jan -27 - Barrick Gold and Mali to start new negotiations on mine Tuesday
- Jan -27 - Update: Barrick Gold Down 2.2% as Bank of America Downgrade Overshadows Upbeat Zambia Update
- Jan -27 - Zacks Market Edge Highlights: Red Cat, Barrick Gold, Arista Networks, Nio and Apple
- Jan -27 - BofA revises gold miners ratings: KGC double upgraded, GOLD downgraded
- Jan -27 - Barrick's Lumwana Among Top Contributors to Zambia's Economic Growth
- Jan -27 - Barrick Gold Says Lumwana Mine Expansion to Support Zambia's Economic Growth
- Jan -26 - Barrickβs Lumwana Mine Fuels Zambiaβs Economic Growth With Major Expansion on the Horizon
- Jan -24 - Questions and Answers on Your 5 Favorite Stocks
- Jan -24 - 3 Noteworthy Stocks Estimated To Be Trading Below Intrinsic Value By Up To 40.4%
- Jan -23 - Barrick Gold Says Has Invested US$4.24 Billion in Tanzania Since 2019 Through Twiga Joint Venture
- Jan -23 - Barrickβs Twiga Partnership Drives Sustainable Value Creation in Tanzaniaβs Economy
- Jan -23 - B2Gold to invest $10m in Maliβs Fekola gold complex
- Jan -23 - Saudi Arabia Weighs Global Mining Deals as Sector Consolidates
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Carlin
Expected Growth : 12 %
What the company do ?
The Carlin Trend is a series of open-pit and underground gold mines operated by Barrick Gold Corporation in Nevada, USA, producing over 1.7 million ounces of gold annually.
Why we expect these perspectives ?
Carlin's 12% growth driven by increased gold production, improved ore grades, and higher milling rates. Strong exploration results and reserve additions also contribute to growth. Additionally, Barrick's focus on operational efficiency and cost reduction initiatives have enhanced profitability, supporting the segment's growth.
Segment nΒ°2 -> Cortez
Expected Growth : 11 %
What the company do ?
The Cortez mine is a large gold mine in Nevada, operated by Barrick Gold Corporation, producing over 1 million ounces of gold annually.
Why we expect these perspectives ?
Cortez from Barrick Gold Corporation's 11% growth is driven by increasing gold prices, successful exploration and drilling programs, and operational efficiencies. Additionally, the mine's high-grade ore and low-cost production contribute to its strong performance. Furthermore, Barrick's focus on digital transformation and innovation also supports Cortez's growth.
Segment nΒ°3 -> Other Mines
Expected Growth : 10 %
What the company do ?
Other Mines from Barrick Gold Corporation refers to a group of mines not categorized under its core mines, including Lagunas Norte, Porcupine, and Golden Sunlight.
Why we expect these perspectives ?
Barrick Gold's Other Mines segment growth is driven by increasing gold production at Loulo-Gounkoto and Kibali, improved grades at Porgera, and higher copper production at Lumwana. Additionally, cost savings initiatives, favorable foreign exchange rates, and rising gold prices contribute to the segment's growth.
Segment nΒ°4 -> Loulo-Gounkoto
Expected Growth : 13 %
What the company do ?
Loulo-Gounkoto is a gold mine in Mali, operated by Barrick Gold Corporation, producing over 500,000 ounces of gold annually.
Why we expect these perspectives ?
Loulo-Gounkoto's 13% growth is driven by increased gold production, improved grades, and higher mill throughput. The mine's life extension and optimization projects, coupled with Barrick's focus on operational excellence, have enhanced efficiency and reduced costs. Additionally, the Mali government's supportive mining policies and the devaluation of the local currency have contributed to the segment's growth.
Segment nΒ°5 -> Pueblo Viejo
Expected Growth : 12 %
What the company do ?
Pueblo Viejo is a gold mine in the Dominican Republic, operated by Barrick Gold Corporation, producing over 600,000 ounces of gold annually.
Why we expect these perspectives ?
Pueblo Viejo's 12% growth is driven by increasing gold prices, successful exploration and drilling programs, and optimized mine planning. The mine's high-grade ore body and low-cost operations also contribute to its growth. Additionally, Barrick's focus on operational excellence and digital transformation initiatives have improved efficiency and reduced costs, further supporting growth.
Segment nΒ°6 -> Turquoise Ridge
Expected Growth : 11 %
What the company do ?
Turquoise Ridge is an underground gold mine in Nevada, USA, operated by Barrick Gold Corporation, producing over 500,000 ounces of gold annually.
Why we expect these perspectives ?
Turquoise Ridge's 11% growth is driven by increased gold production, improved ore grades, and higher milling rates. Additionally, Barrick's focus on operational efficiencies, cost savings, and exploration success have contributed to the mine's growth. The Nevada Gold Mines joint venture has also provided opportunities for synergies and best practice sharing, further enhancing the operation's performance.
Segment nΒ°7 -> Lumwana
Expected Growth : 9 %
What the company do ?
Lumwana is a copper mine in Zambia, operated by Barrick Gold Corporation, producing copper concentrate with gold by-products.
Why we expect these perspectives ?
Lumwana's 9% growth is driven by increased copper production, favorable ore grades, and improved recoveries. Additionally, Barrick's focus on operational efficiencies, cost savings, and capital discipline have contributed to the mine's strong performance. The Zambian government's supportive mining policies and stable power supply have also enabled the mine to operate at optimal levels.
Segment nΒ°8 -> Reconciling Items
Expected Growth : 8 %
What the company do ?
Reconciling items from Barrick Gold Corporation represent the differences between the company's reported and adjusted financial statements, ensuring accurate financial reporting and transparency.
Why we expect these perspectives ?
Barrick Gold's 8% growth driven by increased gold production at Nevada Gold Mines, higher copper output at Lumwana, and improved efficiencies at Pueblo Viejo. Additionally, rising gold prices, successful integration of Randgold Resources, and cost savings initiatives contribute to the growth.
Segment nΒ°9 -> Kibali
Expected Growth : 14 %
What the company do ?
Kibali is a gold mine in the Democratic Republic of Congo, operated by Barrick Gold Corporation, producing over 500,000 ounces of gold per year.
Why we expect these perspectives ?
Kibali's 14% growth driven by increased gold production, improved grades, and higher mill throughput. Strong operational performance, optimized mine planning, and enhanced geological understanding also contributed to growth. Additionally, investments in exploration and development of new mining areas, such as the KCD orebody, are expected to sustain production levels and drive future growth.
Segment nΒ°10 -> North Mara
Expected Growth : 10 %
What the company do ?
North Mara is a gold mine in Tanzania, operated by Barrick Gold Corporation, producing approximately 260,000 ounces of gold per year.
Why we expect these perspectives ?
North Mara's 10% growth is driven by increased gold production, improved recovery rates, and higher grades. Additionally, Barrick's focus on operational efficiency, cost reduction, and exploration success have contributed to the growth. The Tanzanian government's support for the mining industry and the devaluation of the Tanzanian shilling have also positively impacted the segment's performance.
Segment nΒ°11 -> Bulyanhulu
Expected Growth : 11 %
What the company do ?
Bulyanhulu, owned by Barrick Gold Corporation, is a gold mine in Tanzania, producing approximately 250,000 ounces of gold annually.
Why we expect these perspectives ?
Bulyanhulu's 11% growth is driven by increased gold production, improved ore grades, and enhanced processing recoveries. Additionally, successful exploration and drilling programs have expanded the mine's resource base, supporting future growth. Furthermore, Barrick Gold's operational excellence initiatives have optimized costs, allowing for increased profitability and reinvestment in the mine.
Barrick Gold Corporation Products
| Product Range | What is it ? |
|---|---|
| Gold | Barrick Gold Corporation is one of the largest gold producers in the world, with a portfolio of high-quality gold mines and projects across five continents. |
| Copper | Barrick Gold Corporation also produces copper as a by-product of its gold mining operations, with significant copper production at its Zaldivar mine in Chile. |
| Silver | Silver is another by-product of Barrick Gold Corporation's gold mining operations, with significant silver production at its Veladero mine in Argentina. |
| Exploration Services | Barrick Gold Corporation offers exploration services to identify and develop new gold deposits, providing expertise in geology, drilling, and mining engineering. |
| Mining Services | Barrick Gold Corporation provides mining services, including mine planning, operations management, and technical support to optimize mining operations. |
Barrick Gold Corporation's Porter Forces
Threat Of Substitutes
Barrick Gold Corporation faces moderate threat from substitutes, as gold is a commodity and there are limited substitutes for it. However, the company's focus on gold mining and exploration reduces the threat of substitutes.
Bargaining Power Of Customers
Barrick Gold Corporation has a low bargaining power of customers, as the company sells its gold to a few large refineries and banks, which reduces the bargaining power of individual customers.
Bargaining Power Of Suppliers
Barrick Gold Corporation has a moderate bargaining power of suppliers, as the company relies on a few large suppliers for equipment and services, but has some flexibility to switch suppliers if needed.
Threat Of New Entrants
Barrick Gold Corporation faces a low threat of new entrants, as the gold mining industry has high barriers to entry, including significant capital requirements and regulatory hurdles.
Intensity Of Rivalry
Barrick Gold Corporation operates in a highly competitive industry, with several large gold mining companies competing for market share and resources, which increases the intensity of rivalry.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 18.29% |
| Debt Cost | 5.08% |
| Equity Weight | 81.71% |
| Equity Cost | 5.08% |
| WACC | 5.08% |
| Leverage | 22.38% |
Barrick Gold Corporation : Quality Control
Barrick Gold Corporation passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| LUG.TO | Lundin Gold Inc. operates as a mining company in Canada. The company holds interests in 27 metallic mineral concessions and three construction material concessions covering an area of approximately 64,270 β¦ |
| LYB | LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins β¦ |
| WPM.TO | Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests β¦ |
| AEM.TO | Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company β¦ |
| NEM | Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, β¦ |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
π₯
Lundin Gold
A-Score
1-Year Total Return ->
π₯
LyondellBasell
A-Score
1-Year Total Return ->
π₯
Agnico Eagle Mines
A-Score
1-Year Total Return ->
4
Wheaton
A-Score
1-Year Total Return ->
5
Barrick Gold
A-Score
1-Year Total Return ->
6
