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Barrick Gold Corp
TSX:ABX

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Barrick Gold Corp Logo
Barrick Gold Corp
TSX:ABX
Watchlist
Price: 21.17 CAD -0.89% Market Closed
Updated: Mar 19, 2024

Intrinsic Value

Barrick Gold Corp. engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development. [ Read More ]

The intrinsic value of one ABX stock under the Base Case scenario is 21.17 CAD. Compared to the current market price of 21.17 CAD, Barrick Gold Corp is Fairly Valued.

Key Points:
ABX Intrinsic Value
Base Case
21.17 CAD
Fairly Valued
Intrinsic Value
Price
Worst Case
Base Case
Best Case

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Barrick Gold Corp

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Fundamental Analysis

Nevada Gold Mines' Challenges and Progress
2023-Q4 Earnings Call

Nevada Gold Mines' Challenges and Progress

At Nevada Gold Mines, notable changes have occurred in resource estimates and development. A fault at the Cortez mine's Crossroads ore body led to reduced high-grade ore volumes, declining expected grades and delaying specific production targets into the subsequent year. Subsequently, this has affected 2024 production projections. They've incorporated additional oxide material from expansion at other pits to mitigate some losses. Focused on building a cohesive work culture post-merger, the company reported lowering its employee turnover rate to below 14%. The reduction in turnover reflects continuous improvements in training and integrating workforces, highlighting the company's progress in human capital development and operational efficiency. This shift in management and operations represents Barrick's commitment to its core values and strategic long-term thinking.

Financials

Balance Sheet Decomposition
Barrick Gold Corp

Current Assets 7.4B
Cash & Short-Term Investments 4.1B
Receivables 693m
Other Current Assets 2.6B
Non-Current Assets 38.4B
Long-Term Investments 4.1B
PP&E 26.4B
Intangibles 3.7B
Other Non-Current Assets 4.1B
Current Liabilities 2.4B
Accounts Payable 1.5B
Other Current Liabilities 853m
Non-Current Liabilities 20.1B
Long-Term Debt 4.7B
Other Non-Current Liabilities 15.4B
Efficiency

Earnings Waterfall
Barrick Gold Corp

Revenue
11.4B USD
Cost of Revenue
-7.9B USD
Gross Profit
3.5B USD
Operating Expenses
-586m USD
Operating Income
2.9B USD
Other Expenses
-1.6B USD
Net Income
1.3B USD

Free Cash Flow Analysis
Barrick Gold Corp

Last Value
3-Years Average
FCF Margin
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Fundamental Scores

ABX Profitability Score
Profitability Due Diligence

Barrick Gold Corp's profitability score is 52/100. The higher the profitability score, the more profitable the company is.

Positive Operating Income
Positive Free Cash Flow
Positive Gross Profit
Positive Revenue Growth Forecast
52/100
Profitability
Score

Barrick Gold Corp's profitability score is 52/100. The higher the profitability score, the more profitable the company is.

ABX Solvency Score
Solvency Due Diligence

Barrick Gold Corp's solvency score is 58/100. The higher the solvency score, the more solvent the company is.

Low D/E
Short-Term Solvency
Long-Term Solvency
Positive Net Debt
58/100
Solvency
Score

Barrick Gold Corp's solvency score is 58/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

ABX Price Targets Summary
Barrick Gold Corp

Wall Street analysts forecast ABX stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ABX is 28.7 CAD with a low forecast of 19.49 CAD and a high forecast of 39.65 CAD.

Lowest
Price Target
19.49 CAD
8% Downside
Average
Price Target
28.7 CAD
36% Upside
Highest
Price Target
39.65 CAD
87% Upside
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View Analyst Estimates

Competitive Landscape

Shareholder Return

ABX Price
Barrick Gold Corp

1M 1M
+6%
6M 6M
-4%
1Y 1Y
-15%
3Y 3Y
-13%
5Y 5Y
+37%
10Y 10Y
+14%
Annual Price Range
21.17
52w Low
19.04
52w High
27.62
Price Metrics
Average Annual Return 14.79%
Standard Deviation of Annual Returns 28.49%
Max Drawdown -52%
Shares Statistics
Market Capitalization 37.2B CAD
Shares Outstanding 1 755 000 000
Percentage of Shares Shorted 0.66%

ABX Return Decomposition
Main factors of price return

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ABX News

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Last Important Events
Barrick Gold Corp

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Sentiment Analysis
Barrick Gold Corp

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Company Profile

Barrick Gold Corp Logo
Barrick Gold Corp

Country

Canada

Industry

Metals & Mining

Market Cap

37.2B CAD

Dividend Yield

2.56%

Description

Barrick Gold Corp. engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development. The company is headquartered in Toronto, Ontario. The firm holds interest in 14 gold mines, including six Tier One Gold Assets. The firm's asset portfolio includes Carlin, Cortez, Turquoise Ridge, Nevada Gold Mines, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, Porgera, North Mara, and Bulyanhulu. The firm gold mines are geographically diversified are located in Argentina, Canada, Cote d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania and the United States. The firm's copper mines are located in Zambia, Chile and Saudi Arabia.

Contact

ONTARIO
TORONTO
Brookfield Place, TD Canada Trust Tower, Suite 3700, 161 Bay Street, P.O. Box 212
+14163077470.0
https://www.barrick.com

IPO

1983-05-02

Employees

22 600

Officers

President, CEO, Member of International Advisory Board & Director
Dr. Dennis Mark Bristow
Senior EVP & CFO
Mr. Graham Patrick Shuttleworth
Senior Executive Vice President of Strategic Matters
Mr. Kevin J. Thomson
Chief Operating Officer of Latin America & Asia Pacific
Mr. Mark F. Hill B.Eng
Chief Operating Officer of North America
Ms. Christine Keener
Group Corporate Communications & Investor Relations Executive
Ms. Lois V. Wark
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General Counsel
Ms. Poupak Bahamin
Human Resources Executive
Mr. Darian Kevin Rich
Chief Financial Officer of Barrick Nevada
Mike Estes
Group Sustainability Executive
Mr. Grant Beringer
Show Less

See Also

Discover More
What is the Intrinsic Value of one ABX stock?

The intrinsic value of one ABX stock under the Base Case scenario is 21.17 CAD.

Is ABX stock undervalued or overvalued?

Compared to the current market price of 21.17 CAD, Barrick Gold Corp is Fairly Valued.