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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 : The resistance should give in

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12/04/2018 | 11:27am EDT
long trade
Stop-loss triggered
Entry price : 17.46CAD | Target : 21.7CAD | Stop-loss : 15.9CAD | Potential : 24.28%
Shares in Barrick Gold Corp are approaching an important resistance level. The stock's technical chart suggests that this pivot level will be broken.
Investors have an opportunity to buy the stock and target the CAD 21.7.
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.
  • For a short-term investment strategy, the company has poor fundamentals.

Strengths
  • The group's high margin levels account for strong profits.

Weaknesses
  • The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
  • The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
  • As estimated by analysts, this group is among those businesses with the lowest growth prospects.
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
  • Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
  • The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 36.21 times its estimated earnings per share for the ongoing year.
  • The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
  • For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
  • Analysts covering the stock have recently lowered their earnings forecast.
  • For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
  • For the past year, analysts have significantly revised downwards their profit estimates.
Barrick Gold Corp : The resistance should give in

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 2019 8 303 M
EBIT 2019 1 769 M
Net income 2019 592 M
Debt 2019 2 990 M
Yield 2019 1,16%
P/E ratio 2019 37,00
P/E ratio 2020 31,60
EV / Sales 2019 3,07x
EV / Sales 2020 2,91x
Capitalization 22 493 M
Upcoming event on BARRICK GOLD CORP
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 15,6 $
Spread / Average Target 22%
EPS Revisions
Managers
NameTitle
Dennis Mark Bristow President, Chief Executive Officer & Director
John Lawson Thornton Non-Independent Executive Chairman
Graham P. Shuttleworth Chief Financial Officer & Senior Executive VP
Gustavo A. Cisneros Independent Director
J. Brett Harvey Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BARRICK GOLD CORP-6.29%22 493
NEWMONT MINING CORPORATION-3.95%17 727
NEWCREST MINING LIMITED14.45%13 760
POLYUS PAO--.--%11 397
AGNICO EAGLE MINES LTD6.10%10 179
SHANDONG GOLD MINING2.38%9 559