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    ABX   CA0679011084

BARRICK GOLD CORPORATION

(ABX)
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Barrick Gold Corporation : Good timing to anticipate a continuation of the trend

07/14/2020 | 08:45am EDT
long trade
Stop-loss triggered
Entry price : 35.44CAD | Target : 41.7CAD | Stop-loss : 33.7CAD | Potential : 17.66%
The current trading zone is interesting to the point that investors should pay attention to the stock and anticipate a return of the underlying upward trend.
Investors have an opportunity to buy the stock and target the CAD 41.7.
Barrick Gold Corporation : Barrick Gold Corporation : Good timing to anticipate a continuation of the trend
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • The company has solid 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.
  • Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • For several months, analysts have been revising their EPS estimates roughly upwards.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
  • The tendency within the weekly time frame is positive 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.
  • With an enterprise value anticipated at 5.44 times the sales for the current fiscal year, the company turns out to be overvalued.
  • The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

© MarketScreener.com 2020

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 12 298 M - -
Net income 2021 2 151 M - -
Net cash 2021 1 036 M - -
P/E ratio 2021 19,1x
Yield 2021 3,61%
Capitalization 38 703 M 38 732 M -
EV / Sales 2021 3,06x
EV / Sales 2022 2,86x
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
Last Close Price 21,76 $
Average target price 28,50 $
Spread / Average Target 30,9%
EPS Revisions
Managers and Directors
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
Sector and Competitors