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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Barrick Gold Corp    ABX   CA0679011084

BARRICK GOLD CORP (ABX)
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Barrick Gold Corp : Buyers are coming back

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10/11/2018 | 04:51pm CET
long trade
Target price hit
Entry price : 15.47CAD | Target : 17.7CAD | Stop-loss : 13.8CAD | Potential : 14.41%
A strong break-out to the upside has recently been seen in Barrick Gold Corp. The current technical chart pattern could allow for a continuation of the upward dynamic.
Investors have an opportunity to buy the stock and target the CAD 17.7.
Chart BARRICK GOLD CORP
Duration : Period :
Barrick Gold Corp Technical Analysis Chart | MarketScreener
Full-screen chart
Summary
  • In view of fundamental criteria, the company is among low performers as far as mid or long-term investment strategy is concerned.
  • The company has poor fundamentals for a short-term investment strategy.

Strengths
  • The company returns high margins, thereby supporting business profitability.
  • For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
  • The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

Weaknesses
  • The stock is close to a major daily resistance at CAD 15.06, which should be gotten rid of so as to gain new appreciation potential.
  • As estimated by analysts, this group is among those businesses with the lowest growth prospects.
  • Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
  • Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
  • Revenue estimates are regularly revised downwards for the current and coming years.
  • For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
  • For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
  • For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
  • The underlying tendency is negative on the weekly chart below the resistance at 15.9 CAD

David Meurisse
© Zonebourse.com 2018
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials ($)
Sales 2018 7 346 M
EBIT 2018 1 897 M
Net income 2018 269 M
Debt 2018 3 911 M
Yield 2018 0,85%
P/E ratio 2018 37,88
P/E ratio 2019 29,72
EV / Sales 2018 2,70x
EV / Sales 2019 2,36x
Capitalization 15 923 M
Upcoming event on BARRICK GOLD CORP
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 15,0 $
Spread / Average Target 9,7%
EPS Revisions
Managers
NameTitle
John Lawson Thornton Non-Independent Executive Chairman
Catherine Phillipa Raw Chief Financial Officer & Executive Vice President
Gustavo A. Cisneros Independent Director
Anthony Munk Independent Director
Steven J. Shapiro Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BARRICK GOLD CORP0.39%15 923
NEWMONT MINING CORPORATION-9.28%17 743
NEWCREST MINING LIMITED-8.68%11 576
POLYUS PAO--.--%9 986
AGNICO EAGLE MINES LTD-7.91%9 100
SHANDONG GOLD MINING-8.34%8 470