Stock Updates

Is this Large Market Cap Stock target price reasonable for Barrick Gold Corporation (NYSE:ABX)?

The company in question is, Barrick Gold Corporation (NYSE:ABX) currently with a stock price of 21.73 (2.28% today). The market cap for Barrick Gold Corporation is 25099.52, and is in the sector Basic Materials, and Gold industry. The target price for Barrick Gold Corporation is 23.08. Currently Barrick Gold Corporation is trading with a P/E of *TBA, and a forward P/E of 22.38. Average volume for Barrick Gold Corporation is 19358.98 and so far today it is 6999208.

Performance in the last year for Barrick Gold Corporation has been 211.33%. For EPS growth, Barrick Gold Corporation has seen a growth of 2.40%, and is looking to grow in the next year to 39.56%. More long term stats show that EPS growth has been -22.00% over the last five years and could be 30.97% for the next five years. Barrick Gold Corporation has seen sales growth quarter over quarter at -9.80%, with EPS growth quarter over quarter at *TBA. The 20-day simple moving average is 6.35%, with the 200-day simple moving average coming to 57.51%.

Since the IPO date for Barrick Gold Corporation on the 2/4/1985, Barrick Gold Corporation has seen performance year to date to be 188.57%. With Barrick Gold Corporation trading at 21.73, the dividend yield is 0.38%, and the EPS is -2.43.

So could Barrick Gold Corporation, be undervalued? Well as said before P/E is *TBA. The PEG is *TBA, P/S is 2.95 and the P/B is at 3.37. The P/cash is 10.28, with P/free cash flow at 15.48.

Barrick Gold Corporation ability to deal with debt shows that the current ratio is 2.8, and the quick ratio is 1.8. This is with long term debt/equity at 1.2, and total debt/equity at 1.23.

In terms of margins, Barrick Gold Corporation has a gross margin of 29.20%, an operating margin of -25.80% and a profit margin of -33.30%.Payout ratio for Barrick Gold Corporation is *TBA. Return on assets come to -10.30% with return on investment coming to -13.50%.

Insider ownership for Barrick Gold Corporation, is at 0.10% and institutional ownership comes to 72.10%. Outstanding shares are at 1181.71. While shares float is 1162.55. The float short is currently 2.57%, and short ratio is 1.54.

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.

About the author

Tony Dabbs

Leave a Comment