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Morning Stock Stories: Barrick Gold Corporation, (ABX)

Friday February 24th 2017: Barrick Gold Corporation, ABX is in the exchange NYSE and its industry is Gold in the sector of Basic Materials. Based in Canada, Barrick Gold Corporation, ABX  has a market cap of 18.84 B. Since its IPO date on the 02/04/1985, Barrick Gold Corporation, ABX performance year to date is -0.75%. Today Barrick Gold Corporation, ABX has gained -0.54%, with a current price of 15.77.

Ownership of the company is 0.10% for insider ownership while institutional ownership is 72.10%. The management of the company have seen the company have a payout ratio of 7.40%. Return of assets are at 5.50%, with return on investment at 9.50%.

In terms of debt levels and profit levels, Barrick Gold Corporation, ABX is seeing a long-term debt/equity of 0.89. While Total debt/equity is 0.9. With a profit margin of 16.40%, this is combined with a gross margin of 40.10%, and operating margin of 43.70%. Barrick Gold Corporation ability to meet debt levels, with a current ratio of 3, while the quick ratio is 2.3.

For the last year Barrick Gold Corporation, ABX has seen a EPS growth of 123.10%. A performance for the year of -23.08%. The 52-week high is -31.23%, and the 52-week low is 14.27%. The average volume for Barrick Gold Corporation, ABX is 3037794.

With a target price of 20.85, can Barrick Gold Corporation, ABX reach this target? Looking at the value indicators of Barrick Gold Corporation, ABX. Barrick Gold Corporation has a P/E of 13.04 and a forward P/E of 20.81. Perhaps the more useful indicator than P/E, is PEG which has a value of *TBA. Barrick Gold Corporation also has a P/S and a P/B of 2.19 and 2.15 respectively. For P/cash, Barrick Gold Corporation has a value of 8.27, while it is 13.47 for P/free cash flow.

At the current price of 15.77, Barrick Gold Corporation has a dividend yield of 0.76%. We see a return on equity of 18.10%.

Looking more long-term Barrick Gold Corporation, is projected to get an EPS growth for the next five years of -2.67%. In the short-term an EPS growth of 4.38% in the next year is forecasted. This is after a EPS growth of 123.10% for this year and for the last five years a -34.00% growth has been seen.

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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Tony Dabbs

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