Barrick Gold Corporation
Barrick Gold Corporation (NYSE: GOLD) is a Canadian gold mining company that focuses on the production and sale of gold and copper and other related activities such as exploration and mine development. Argentina, Australia, Canada, Chile, Dominican Republic, Papua New Guinea, Peru, Saudi Arabia, the United States, and Zambia all have mining operations.
Why Should Investors Book Profit?
Valuation Methodology: Price/Cash Flow Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's FY1 trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
GOLD's share price has inclined 36.95% in the past six months and is currently leaning towards the higher band of the 52-week range of USD 17.27 to USD 26.07. We have valued the stock using the Price/Cash Flow-based relative valuation methodology and arrived at a target price of USD 22.89.
Considering the company's longer cash cycle, industry below ROE, current valuation and associated risks. we recommend a "Sell" rating on the stock at the closing price of USD 25.44, up 0.16% as of April 12, 2022.
Three-Year Technical Price Chart (April 12, 2022). Source: REFINITIV, Analysis by Kalkine Group
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.