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

BARRICK GOLD CORP (ABX)
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David Meurisse

Contributor / Partner
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Buyers are coming back

Strategy published on 10/11/2018 | 16:51
long trade
Live
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.
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
Ratings chart
Subsector Gold Mining
1st jan.Capitalisation (M$)Investor Rating
BARRICK GOLD CORP-10.73%15 396
NEWMONT MINING CORPORATION-14.61%17 266
NEWCREST MINING LIMITED-12.84%11 250
POLYUS PAO--.--%8 758
AGNICO EAGLE MINES LTD-16.28%8 672
SHANDONG GOLD MINING-15.07%7 221
ROYAL GOLD, INC (USA)-5.57%5 133
KIRKLAND LAKE GOLD LTD43.02%4 561
ANGLOGOLD ASHANTI LIMITED9.88%4 082
NORTHERN STAR RESOURCES LTD45.90%3 989
KINROSS GOLD CORPORATION-30.81%3 573
Autres valeurs du secteur
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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 7 586 M
EBIT 2018 2 124 M
Net income 2018 667 M
Debt 2018 4 121 M
Yield 2018 0,83%
P/E ratio 2018 29,28
P/E ratio 2019 23,87
EV / Sales 2018 2,57x
EV / Sales 2019 2,38x
Capitalization 15 408 M
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Chart BARRICK GOLD CORP
Duration : Period : Day
Barrick Gold Corp Technical Analysis Chart | MarketScreener
Duration : Period : Week
Barrick Gold Corp Technical Analysis Chart | MarketScreener