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    ABX   CA0679011084

BARRICK GOLD CORPORATION

(ABX)
  Report
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Barrick Gold Corporation : A trend reversal is in sight

05/03/2021 | 10:35am EDT
long trade
Live
Entry price : 26.95CAD | Target : 30.13CAD | Stop-loss : 25.5CAD | Potential : 11.8%
Barrick Gold Corporation reflects attractive technical aspects that could allow investors to expect a trend reversal over the medium term.
Investors have an opportunity to buy the stock and target the CAD 30.13.
Barrick Gold Corporation : Barrick Gold Corporation : A trend reversal is in sight
Summary
  • The company has poor fundamentals for a short-term investment strategy.

Strengths
  • Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

Weaknesses
  • According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
  • 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.
  • The group usually releases earnings worse than estimated.
  • The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
  • The technical configuration over the long term remains negative on the weekly chart below the resistance level at 30.44 CAD
Ratings chart
Subsector Gold Mining
1st jan.Capitalization (M$)Investor Rating
BARRICK GOLD CORPORATION0.07%42 499
NEWMONT CORPORATION12.42%54 043
POLYUS-0.54%27 611
WHEATON PRECIOUS METALS COR..-0.02%19 711
NEWCREST MINING LIMITED6.01%17 494
AGNICO EAGLE MINES LIMITED-1.90%16 828
KIRKLAND LAKE GOLD LTD.-5.70%10 908
NORTHERN STAR RESOURCES LIM..-14.26%9 933
KINROSS GOLD CORPORATION0.54%9 751
ANGLOGOLD ASHANTI LIMITED-5.31%9 622
ROYAL GOLD, INC.12.78%7 863
More Results

ę MarketScreener.com 2021

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 2021 12 224 M - -
Net income 2021 2 257 M - -
Net cash 2021 1 153 M - -
P/E ratio 2021 19,1x
Yield 2021 2,78%
Capitalization 42 489 M 42 499 M -
EV / Sales 2021 3,38x
EV / Sales 2022 3,15x
Nbr of Employees 17 500
Free-Float 99,4%
Upcoming event on BARRICK GOLD CORPORATION
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Average target price 28,48 $
Last Close Price 23,89 $
Spread / Highest target 45,1%
Spread / Average Target 19,2%
Spread / Lowest Target -28,3%
EPS Revisions
Managers and Directors
NameTitle
Dennis Mark Bristow President, CEO & Non-Independent Director
Graham Patrick Shuttleworth Chief Financial Officer & Senior Executive VP
John Lawson Thornton Non-Independent Executive Chairman
Gustavo A. Cisneros Independent Director
Joseph Brett Harvey Lead Independent Director