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Barrick Gold Corporation (NYSE: ABX) – Is this large market cap stock undervalued?

Barrick Gold Corporation (NYSE: ABX), is firmly in the large market cap category with market cap of 20577.72. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Barrick Gold Corporation is 17.34 (with a change from open of -1.48%), this in conjunction with a target price of 23.29. Volume today has so far reached 3943682, with an average volume of about 18266.37. The GAP for this stock, is 1.50%.

The P/E ratio is , bringing the forward P/E to a value of 17.73. The current EPS for Barrick Gold Corporation, is -2.43, with a EPS growth for this year coming to a value of 2.40%. Performance has been interesting with performance year to date coming to 135.84%.

Looking further into the growth statistics for Barrick Gold Corporation, EPS is looking like it will grow 42.15% in the next year. Looking even further it is projected to be 30.65%. Quarter over quarter is for EPS growth and for sales growth quarter over quarter it is -9.80%. Looking at past EPS growth statistics we see that for the past five years it has been -22.00%. Sales growth for the past five years has in fact been -3.90%.

Looking at the ownership, we see that the insider ownership is at 0.10% and institutional ownership is 72.10%. Shares outstanding is 1186.72, while shares float is at a value of 1162.78. Float short for Barrick Gold Corporation is 1.86% and the short ratio is 1.18.

In terms of debt, long term debt/equity is 1.2, while the total debt/equity comes to 1.23. The ability to meet these debts, means that the current ratio is 2.8, and the quick ratio is 1.8. The most recent gross margin is 29.20% and their operating margin is -25.80%. The profit margin is -33.30%.

Barrick Gold Corporation has seen returns on assets of -10.30%, and on investment, -13.50%. Return on equity is -36.00%. Price/Earnings to growth ratio is . Price/Sales ratio is at a value of 2.42, with Price/book ratio coming to 2.75 and Price/cash is 8.43, and finally Price/Free cash Flow is 12.69.

The simple moving averages are -13.86% and 11.91% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -26.04% and the 52 week low is 195.30%.

Barrick Gold Corporation has a dividend yield of 0.46%, with a current price of 17.34. The ability to pay this means the payout ratio is . This is in an industry, Gold, with equally high dividends from other companies in this sector, which it is Basic Materials. Barrick Gold Corporation is based in Canada.

Performance in the Gold industry means that Barrick Gold Corporation has seen performance for the past week of -1.08%, with performance for the month coming to -16.82%. Looking at the data for the quarter it is at a value of -13.68%, and for the half year the performance is 155.15%. Volatility for this week is 4.87% and for the month this is 4.33%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Mark Hines

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