Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located in the Americas, Asia, and Africa. Barrick Gold Corporation was founded in 1983 and is based in Toronto, Canada.
Gold Giant's Hurdles | Barrick Gold faces production challenges in Q1 and Q2 2024, with notable misses at key mines, while demonstrating improved cost control measures |
Resilient Outlook | Despite setbacks, Barrick maintains full-year guidance, projecting significant improvements in H2 2024 and expressing confidence in long-term growth prospects |
Market Dynamics | Explore potential doubling of gold demand in China and geopolitical factors that could support gold prices, benefiting major producers like Barrick |
Analyst Perspectives | BMO Capital Markets maintains an Outperform rating with a $26.00 price target, reflecting cautious optimism about Barrick's future performance |
Metrics to compare | GOLD | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipGOLDPeersSector | |
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P/E Ratio | 18.5x | 21.1x | −0.1x | |
PEG Ratio | 0.01 | 0.09 | 0.00 | |
Price/Book | 1.3x | 1.6x | 1.6x | |
Price / LTM Sales | 2.4x | 2.1x | 1.2x | |
Upside (Analyst Target) | 26.1% | 18.4% | 28.8% | |
Fair Value Upside | Unlock | 11.0% | 2.0% | Unlock |