Barrick Gold Corp Stock Buy Hold or Sell Recommendation
| GOLD Stock | USD 17.94 0.50 2.71% |
Given the investment horizon of 90 days and your complete indifference towards market risk, our recommendation regarding Barrick Gold Corp is 'Strong Buy'. Macroaxis provides Barrick Gold buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding GOLD positions.
Check out Barrick Gold Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Barrick and provide practical buy, sell, or hold advice based on investors' constraints. Barrick Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Barrick |
Execute Barrick Gold Buy or Sell Advice
The Barrick recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Barrick Gold Corp. Macroaxis does not own or have any residual interests in Barrick Gold Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Barrick Gold's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Barrick Gold Trading Alerts and Improvement Suggestions
| About 62.0% of the company shares are owned by institutional investors | |
| Latest headline from fxstreet.com: Gold price plummets below 2,900 amid profit-taking, weak US Retail Sales |
Barrick Gold Returns Distribution Density
The distribution of Barrick Gold's historical returns is an attempt to chart the uncertainty of Barrick Gold's future price movements. The chart of the probability distribution of Barrick Gold daily returns describes the distribution of returns around its average expected value. We use Barrick Gold Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Barrick Gold returns is essential to provide solid investment advice for Barrick Gold.
| Mean Return | -0.0098 | Value At Risk | -2.71 | Potential Upside | 3.04 | Standard Deviation | 2.03 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Barrick Gold historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Barrick Stock Institutional Investors
| Shares | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 18.7 M | Jpmorgan Chase & Co | 2024-09-30 | 18.2 M | Td Asset Management Inc | 2024-09-30 | 17.7 M | Edgepoint Investment Group, Inc. | 2024-09-30 | 16.7 M | Mackenzie Investments | 2024-09-30 | 15 M | Amvescap Plc. | 2024-09-30 | 14.7 M | Capital Research & Mgmt Co - Division 3 | 2024-09-30 | 14.1 M | Amundi | 2024-09-30 | 13.9 M | Cibc World Markets Inc. | 2024-12-31 | 13.6 M | Van Eck Associates Corporation | 2024-12-31 | 76.3 M | Vanguard Group Inc | 2024-09-30 | 67.2 M |
Barrick Gold Cash Flow Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Change To Inventory | 121M | (163M) | (219M) | (97M) | (172M) | (180.6M) | |
| Change In Cash | 1.9B | 92M | (840M) | (292M) | (74M) | (70.3M) | |
| Free Cash Flow | 3.4B | 1.9B | 432M | 646M | 1.3B | 1.4B | |
| Depreciation | 2.2B | 2.1B | 2.0B | 2.2B | 1.9B | 1.2B | |
| Other Non Cash Items | (1.5B) | (2.2B) | 70M | (902.1M) | (1.7B) | (1.6B) | |
| Dividends Paid | 547M | 634M | 1.1B | 700M | 696M | 730.8M | |
| Capital Expenditures | 2.1B | 2.4B | 3.0B | 3.1B | 3.2B | 2.0B | |
| Net Income | 3.6B | 3.3B | 1.0B | 2.0B | 3.1B | 3.2B | |
| End Period Cash Flow | 5.2B | 5.3B | 4.4B | 4.1B | 4.1B | 2.2B | |
| Change To Netincome | (2.5B) | 1.6B | 466M | 853M | 767.7M | 741.6M | |
| Investments | (1.3B) | 474M | (1.7B) | (2.8B) | (2.8B) | (2.6B) | |
| Net Borrowings | (309M) | (337M) | 104M | (218M) | (250.7M) | (263.2M) |
Barrick Gold Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Barrick Gold or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Barrick Gold's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Barrick stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | 0.60 | |
σ | Overall volatility | 1.91 | |
Ir | Information ratio | -0.01 |
Barrick Gold Volatility Alert
Barrick Gold Corp exhibits very low volatility with skewness of 0.21 and kurtosis of 0.99. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Barrick Gold's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Barrick Gold's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Barrick Gold Implied Volatility
Barrick Gold's implied volatility exposes the market's sentiment of Barrick Gold Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Barrick Gold's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Barrick Gold stock will not fluctuate a lot when Barrick Gold's options are near their expiration.
Barrick Gold Fundamentals Vs Peers
Comparing Barrick Gold's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Barrick Gold's direct or indirect competition across all of the common fundamentals between Barrick Gold and the related equities. This way, we can detect undervalued stocks with similar characteristics as Barrick Gold or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Barrick Gold's fundamental indicators could also be used in its relative valuation, which is a method of valuing Barrick Gold by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Barrick Gold to competition |
| Fundamentals | Barrick Gold | Peer Average |
| Return On Equity | 0.0946 | -0.31 |
| Return On Asset | 0.0637 | -0.14 |
| Profit Margin | 0.17 % | (1.27) % |
| Operating Margin | 0.57 % | (5.51) % |
| Current Valuation | 32.12 B | 16.62 B |
| Shares Outstanding | 1.73 B | 571.82 M |
| Shares Owned By Insiders | 0.85 % | 10.09 % |
| Shares Owned By Institutions | 62.09 % | 39.21 % |
| Number Of Shares Shorted | 19.57 M | 4.71 M |
| Price To Earning | 14.83 X | 28.72 X |
| Price To Book | 1.28 X | 9.51 X |
| Price To Sales | 2.40 X | 11.42 X |
| Revenue | 12.92 B | 9.43 B |
| Gross Profit | 4.96 B | 27.38 B |
| EBITDA | 7.01 B | 3.9 B |
| Net Income | 3.09 B | 570.98 M |
| Cash And Equivalents | 5.24 B | 2.7 B |
| Cash Per Share | 2.97 X | 5.01 X |
| Total Debt | 5.26 B | 5.32 B |
| Debt To Equity | 0.16 % | 48.70 % |
| Current Ratio | 3.76 X | 2.16 X |
| Book Value Per Share | 14.06 X | 1.93 K |
| Cash Flow From Operations | 4.49 B | 971.22 M |
| Short Ratio | 0.83 X | 4.00 X |
| Earnings Per Share | 1.22 X | 3.12 X |
| Price To Earnings To Growth | 1.31 X | 4.89 X |
| Target Price | 21.58 | |
| Beta | 0.48 | -0.15 |
| Market Capitalization | 30.98 B | 19.03 B |
| Total Asset | 47.63 B | 29.47 B |
| Retained Earnings | (5.27 B) | 9.33 B |
| Working Capital | 4.99 B | 1.48 B |
| Current Asset | 543.54 M | 9.34 B |
Barrick Gold Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Barrick . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Barrick Gold Buy or Sell Advice
When is the right time to buy or sell Barrick Gold Corp? Buying financial instruments such as Barrick Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Check out Barrick Gold Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Barrick Gold. If investors know Barrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Barrick Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.118 | Dividend Share 0.4 | Earnings Share 1.22 | Revenue Per Share | Quarterly Revenue Growth 0.192 |
The market value of Barrick Gold Corp is measured differently than its book value, which is the value of Barrick that is recorded on the company's balance sheet. Investors also form their own opinion of Barrick Gold's value that differs from its market value or its book value, called intrinsic value, which is Barrick Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Barrick Gold's market value can be influenced by many factors that don't directly affect Barrick Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Barrick Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Barrick Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barrick Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.