Market Closed -
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5-day change | 1st Jan Change | |
22.83 CAD | -2.52% | -4.64% | -1.64% |
Dec. 08 | Benz Mining Names Chief Development Officer | MT |
Dec. 07 | Newmont and Barrick Canada's Top Gold Stock Picks, Morningstar Says | MT |
Valuation
Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|---|
Capitalization 1 | 15 756 | 32 988 | 40 484 | 33 844 | 30 097 | 29 492 | - | - |
Enterprise Value (EV) 1 | 19 923 | 35 210 | 40 451 | 33 714 | 30 439 | 30 026 | 29 587 | 28 807 |
P/E ratio | -10,2x | 8,21x | 17,4x | 16,7x | 71,3x | 20,2x | 16,0x | 15,2x |
Yield | 1,19% | 1,08% | 1,45% | 1,95% | 3,80% | 2,40% | 2,51% | 3,44% |
Capitalization / Revenue | 2,18x | 3,39x | 3,21x | 2,82x | 2,73x | 2,60x | 2,35x | 2,33x |
EV / Revenue | 2,75x | 3,62x | 3,21x | 2,81x | 2,76x | 2,65x | 2,36x | 2,28x |
EV / EBITDA | 6,47x | 7,29x | 5,40x | 4,65x | 5,42x | 5,74x | 4,64x | 4,50x |
EV / FCF | 54,6x | 31,1x | 12,0x | 17,4x | 70,5x | 33,6x | 16,3x | 12,9x |
FCF Yield | 1,83% | 3,22% | 8,31% | 5,76% | 1,42% | 2,97% | 6,12% | 7,73% |
Price to Book | 2,07x | 1,52x | 1,73x | 1,42x | 1,32x | 1,26x | 1,17x | 1,11x |
Nbr of stocks (in thousands) | 1 167 593 | 1 777 782 | 1 778 126 | 1 779 286 | 1 758 285 | 1 755 523 | - | - |
Reference price 2 | 13,5 | 18,6 | 22,8 | 19,0 | 17,1 | 16,8 | 16,8 | 16,8 |
Announcement Date | 2/13/19 | 2/12/20 | 2/18/21 | 2/16/22 | 2/15/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|---|
Net sales 1 | 7 243 | 9 717 | 12 595 | 11 985 | 11 013 | 11 339 | 12 561 | 12 639 |
EBITDA 1 | 3 080 | 4 833 | 7 492 | 7 258 | 5 613 | 5 228 | 6 376 | 6 396 |
EBIT 1 | 1 623 | 2 801 | 5 284 | 5 156 | 3 616 | 3 163 | 4 214 | 3 924 |
Operating Margin | 22,4% | 28,8% | 42,0% | 43,0% | 32,8% | 27,9% | 33,5% | 31,0% |
Earnings before Tax (EBT) 1 | -237 | 6 357 | 4 946 | 4 632 | 1 681 | 2 904 | 3 887 | 3 976 |
Net income 1 | -1 545 | 3 969 | 2 324 | 2 022 | 432 | 1 301 | 1 875 | 1 857 |
Net margin | -21,3% | 40,8% | 18,5% | 16,9% | 3,92% | 11,5% | 14,9% | 14,7% |
EPS 2 | -1,32 | 2,26 | 1,31 | 1,14 | 0,24 | 0,83 | 1,05 | 1,11 |
Free Cash Flow 1 | 365 | 1 132 | 3 363 | 1 943 | 432 | 893 | 1 811 | 2 227 |
FCF margin | 5,04% | 11,6% | 26,7% | 16,2% | 3,92% | 7,87% | 14,4% | 17,6% |
FCF Conversion (EBITDA) | 11,9% | 23,4% | 44,9% | 26,8% | 7,70% | 17,1% | 28,4% | 34,8% |
FCF Conversion (Net income) | - | 28,5% | 145% | 96,1% | 100% | 68,6% | 96,6% | 120% |
Dividend per Share 2 | 0,16 | 0,20 | 0,33 | 0,37 | 0,65 | 0,40 | 0,42 | 0,58 |
Announcement Date | 2/13/19 | 2/12/20 | 2/18/21 | 2/16/22 | 2/15/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
Fiscal Period : December | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales 1 | 2 893 | 2 826 | 3 310 | 2 853 | 2 859 | 2 527 | 2 774 | 2 643 | 2 833 | 2 862 | 3 081 | 2 923 | 3 135 | 3 293 | 3 389 |
EBITDA 1 | 1 719 | 1 669 | 2 070 | 1 645 | 1 527 | 1 155 | 1 286 | 1 183 | 1 368 | 1 464 | 1 601 | 1 599 | 1 683 | 1 769 | 1 864 |
EBIT 1 | 1 219 | 1 131 | 1 513 | 1 185 | 1 051 | 698 | 682 | 688 | 888 | 960 | 980 | 1 023 | 1 151 | 1 245 | 1 244 |
Operating Margin | 42,1% | 40,0% | 45,7% | 41,5% | 36,8% | 27,6% | 24,6% | 26,0% | 31,3% | 33,5% | 31,8% | 35,0% | 36,7% | 37,8% | 36,7% |
Earnings before Tax (EBT) 1 | 1 128 | 935 | 1 456 | 1 007 | 996 | 625 | -947 | 474 | 766 | 803 | 967 | 789 | 1 067 | 993 | 1 023 |
Net income 1 | 411 | 347 | 726 | - | - | - | -735 | 120 | 305 | 368 | 408 | 387 | 462 | 477 | 364 |
Net margin | 14,2% | 12,3% | 21,9% | - | - | - | -26,5% | 4,54% | 10,8% | 12,9% | 13,3% | 13,2% | 14,7% | 14,5% | 10,7% |
EPS 2 | 0,23 | 0,20 | 0,41 | 0,25 | 0,27 | 0,14 | -0,42 | 0,07 | 0,17 | 0,21 | 0,24 | 0,23 | 0,25 | 0,25 | 0,21 |
Dividend per Share 2 | 0,09 | 0,09 | 0,10 | 0,10 | 0,20 | 0,20 | 0,10 | 0,10 | 0,10 | - | 0,10 | 0,10 | 0,10 | 0,10 | 0,15 |
Announcement Date | 8/9/21 | 11/4/21 | 2/16/22 | 5/4/22 | 8/8/22 | 11/3/22 | 2/15/23 | 5/3/23 | 8/8/23 | 11/2/23 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|---|
Net Debt 1 | 4 167 | 2 222 | - | - | 342 | 533 | 94,6 | - |
Net Cash position 1 | - | - | 33,0 | 130 | - | - | - | 685 |
Leverage (Debt/EBITDA) | 1,35x | 0,46x | - | - | 0,06x | 0,10x | 0,01x | - |
Free Cash Flow 1 | 365 | 1 132 | 3 363 | 1 943 | 432 | 893 | 1 811 | 2 227 |
ROE (net income / shareholders' equity) | 4,85% | 6,22% | 9,12% | 8,75% | 5,69% | 5,88% | 7,38% | 6,80% |
Shareholders' equity 1 | -31 880 | 63 859 | 25 478 | 23 109 | 7 595 | 22 136 | 25 403 | 27 317 |
ROA (Net income/ Total Assets) | 1,71% | 11,8% | 5,11% | 4,42% | 2,86% | 3,00% | 3,25% | 3,30% |
Assets 1 | -90 545 | 33 511 | 45 449 | 45 726 | 15 126 | 43 369 | 57 687 | 56 273 |
Book Value Per Share 2 | 6,51 | 12,2 | 13,1 | 13,4 | 13,0 | 13,3 | 14,3 | 15,1 |
Cash Flow per Share 2 | 1,51 | 1,61 | 3,05 | 2,46 | 1,97 | 2,23 | 2,67 | 2,78 |
Capex 1 | 1 400 | 1 701 | 2 054 | 2 435 | 3 049 | 2 693 | 2 757 | 2 559 |
Capex / Sales | 19,3% | 17,5% | 16,3% | 20,3% | 27,7% | 23,8% | 21,9% | 20,2% |
Announcement Date | 2/13/19 | 2/12/20 | 2/18/21 | 2/16/22 | 2/15/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating :
Investor Rating :
ESG Refinitiv :
B+
Sell
Buy

Mean consensus
OUTPERFORM
Number of Analysts
24
Last Close Price
16.8USD
Average target price
20.97USD
Spread / Average Target
+24.80%
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-1.64% | 29 492 M $ | |
-17.20% | 45 041 M $ | |
-1.44% | 25 419 M $ | |
+21.53% | 21 431 M $ | |
-.--% | 12 343 M $ | |
+15.49% | 9 509 M $ | |
+4.85% | 7 764 M $ | |
-10.56% | 7 325 M $ | |
+41.30% | 7 047 M $ | |
+36.67% | 5 457 M $ |
- Stock
- Equities
- Stock Barrick Gold Corporation - Toronto Stock Exchange
- Financials Barrick Gold Corporation