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

BARRICK GOLD CORPORATION

(ABX)
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Barrick Gold Corporation : A support level that should be taken advantage of

12/03/2020 | 03:58am EST
long trade
Live
Entry price : 31.27CAD | Target : 34.46CAD | Stop-loss : 28CAD | Potential : 10.2%
The medium term support area around 29.45 CAD should allow Barrick Gold Corporation shares to re-establish an upward trend in the short term.
Investors have an opportunity to buy the stock and target the CAD 34.46.
Barrick Gold Corporation : Barrick Gold Corporation : A support level that should be taken advantage of
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • In a short-term perspective, the company has interesting fundamentals.

Strengths
  • The share is getting closer to its long-term support in weekly data, at CAD 29.08, which offers good timing for buyers.
  • Growth progress expectations are rather promising. Indeed, sales are expected to rise sharply in the coming years.
  • The group's activity appears highly profitable thanks to its outperforming net margins.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
  • The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
  • The stock is in a well-established, long-term rising trend above the technical support level at 29.08 CAD

Weaknesses
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
  • The company is not the most generous with respect to shareholders' compensation.
Subsector Gold Mining
1st jan.Capitalization (M$)Investor Rating
BARRICK GOLD CORPORATION2.90%41 296
NEWMONT CORPORATION2.65%49 580
POLYUS-0.82%27 106
WHEATON PRECIOUS METALS COR..-5.12%17 841
AGNICO EAGLE MINES LIMITED0.60%17 206
NEWCREST MINING LIMITED2.17%16 608
KIRKLAND LAKE GOLD LTD.-3.97%10 646
ANGLOGOLD ASHANTI LIMITED4.03%9 865
KINROSS GOLD CORPORATION-3.96%8 843
NORTHERN STAR RESOURCES LIM..4.26%7 590
ROYAL GOLD, INC.-2.01%6 837
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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 (USD)
Sales 2020 12 575 M - -
Net income 2020 2 378 M - -
Net cash 2020 327 M - -
P/E ratio 2020 18,0x
Yield 2020 1,34%
Capitalization 41 318 M 41 075 M -
EV / Sales 2020 3,26x
EV / Sales 2021 2,81x
Nbr of Employees 17 500
Free-Float 99,5%
Upcoming event on BARRICK GOLD CORPORATION
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Average target price 30,52 $
Last Close Price 23,24 $
Spread / Highest target 63,7%
Spread / Average Target 31,3%
Spread / Lowest Target -30,3%
EPS Revisions
Managers and Directors
NameTitle
Dennis Mark Bristow President, CEO & Non-Independent Director
John Lawson Thornton Non-Independent Executive Chairman
Graham Patrick Shuttleworth Chief Financial Officer & Senior Executive VP
Gustavo A. Cisneros Independent Director
Joseph Brett Harvey Lead Independent Director