Barrick Stock Buy Hold or Sell Recommendation

GOLD
 Stock
  

USD 16.60  0.20  1.19%   

Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Barrick Gold Corp is 'Strong Hold'. Macroaxis provides Barrick Gold buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding GOLD positions. The advice algorithm takes into account all of Barrick Gold's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Barrick Gold's buy-and-hold perspective. Please check Barrick Gold Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Barrick and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Barrick Gold Corp.

Execute Barrick Gold Buy or Sell Advice

The Barrick recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Barrick Gold Corp. Macroaxis does not own or have any residual interests in Barrick Gold Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Barrick Gold's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Barrick GoldBuy Barrick Gold
Strong Hold

Volatility

Details

Hype Condition

Details

Current Valuation

Details

Odds of Distress

Details

Economic Sensitivity

Details

Analyst Consensus

Details

Financial Strenth (F Score)

Details

Financial Leverage

Inapplicable
Details

Reporting Quality (M-Score)

Details
For the selected time horizon Barrick Gold Corp has a Risk Adjusted Performance of 0.1019, Jensen Alpha of 0.1164, Total Risk Alpha of 0.071, Sortino Ratio of 0.0458 and Treynor Ratio of 0.1532
Our trade advice tool can cross-verify current analyst consensus on Barrick Gold Corp and to analyze the company potential to grow in the current economic cycle. To make sure Barrick Gold is not overpriced, please confirm all Barrick Gold Corp fundamentals, including its cash and equivalents, cash flow from operations, and the relationship between the gross profit and debt to equity . Given that Barrick Gold Corp has a price to earning of 14.83 X, we suggest you to validate Barrick Gold Corp market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Barrick Gold Trading Alerts and Improvement Suggestions

Barrick Gold Corp has very high historical volatility over the last 90 days
About 63.0% of the company shares are owned by institutional investors

Barrick Gold Returns Distribution Density

The distribution of Barrick Gold's historical returns is an attempt to chart the uncertainty of Barrick Gold's future price movements. The chart of the probability distribution of Barrick Gold stock daily returns describes the distribution of returns around its average expected value. We use Barrick Gold Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Barrick Gold returns is essential to provide solid investment advice for Barrick Gold.
Mean Return0.19Value At Risk-3.89
Potential Upside6.09Standard Deviation2.99
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Barrick Gold historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Barrick Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Barrick Gold is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Barrick Gold Corp backward and forwards among themselves. Barrick Gold's institutional investor refers to the entity that pools money to purchase Barrick Gold's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Zweigdimenna Associates LlcCommon Shares95.6 K2.7 M
Zweigdimenna Associates LlcCommon Shares266.8 K7.2 M
Zweigdimenna Associates LlcCommon Shares674.6 K12.8 M
Zweigdimenna Associates LlcCommon Shares305 K5.4 M
Zweigdimenna Associates LlcCommon Shares715.2 K15.3 M
Zweigdimenna Associates LlcCommon Shares825.3 K11.2 M
Zweigdimenna Associates LlcCommon Shares105 K1.9 M
Note, although Barrick Gold's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Barrick Gold Cash Flow Accounts

201720182019202020212022 (projected)
Capital Expenditure(1.4 B)(1.4 B)(1.7 B)(2.05 B)(2.44 B)(2.63 B)
Depreciation Amortization and Accretion1.65 B1.46 B2.03 B2.21 B2.1 B2.12 B
Net Cash Flow or Change in Cash and Cash Equivalents(155 M)(663 M)1.74 B1.87 B92 M117.26 M
Net Cash Flow Business Acquisitions and Disposals588 M990 M1.5 B283 M27 M29.13 M
Issuance Repayment of Debt Securities(1.64 B)(687 M)(309 M)(379 M)(27 M)(29.13 M)
Net Cash Flow from Financing(1.89 B)(925 M)(1.14 B)(2.25 B)(2.39 B)(2.45 B)
Net Cash Flow from Investing(337 M)(1.49 B)50 M(1.29 B)(1.9 B)(2.05 B)
Net Cash Flow Investment Acquisitions and Disposals41 M(159 M)(4 M)440 M476 M513.58 M
Net Cash Flow from Operations2.06 B1.76 B2.83 B5.42 B4.38 B3.82 B

Barrick Gold Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Barrick Gold or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Barrick Gold's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Barrick stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0.12
β
Beta against NYSE Composite1.20
σ
Overall volatility
3.02
Ir
Information ratio 0.0428

Barrick Gold Volatility Alert

Barrick Gold Corp currently demonstrates below-average downside deviation. It has Information Ratio of 0.04 and Jensen Alpha of 0.12. However, we advise investors to further question Barrick Gold Corp expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Barrick Gold's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Barrick Gold's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Barrick Gold Implied Volatility

Barrick Gold's implied volatility exposes the market's sentiment of Barrick Gold Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Barrick Gold's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Barrick Gold stock will not fluctuate a lot when Barrick Gold's options are near their expiration.

Barrick Gold Fundamentals Vs Peers

Comparing Barrick Gold's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Barrick Gold's direct or indirect competition across all of the common fundamentals between Barrick Gold and the related equities. This way, we can detect undervalued stocks with similar characteristics as Barrick Gold or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Barrick Gold's fundamental indicators could also be used in its relative valuation, which is a method of valuing Barrick Gold by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Barrick Gold to competition
FundamentalsBarrick GoldPeer Average
Return On Equity0.09 %(0.31) %
Return On Asset0.05 %(0.14) %
Profit Margin0.16 %(1.27) %
Operating Margin0.33 %(5.51) %
Current Valuation29.83 B16.62 B
Shares Outstanding1.76 B571.82 M
Shares Owned by Insiders0.60 %10.09 %
Shares Owned by Institutions62.71 %39.21 %
Number of Shares Shorted44.12 M4.71 M
Price to Earning14.83 X28.72 X
Price to Book1.22 X9.51 X
Price to Sales2.56 X11.42 X
Revenue11.98 B9.43 B
Gross Profit4.92 B27.38 B
EBITDA5.86 B3.9 B
Net Income3.29 B570.98 M
Cash and Equivalents5.24 B2.7 B
Cash per Share2.97 X5.01 X
Total Debt5.4 B5.32 B
Debt to Equity0.16 %48.70 %
Current Ratio3.76 X2.16 X
Book Value Per Share13.54 X1.93 K
Cash Flow from Operations4.38 B971.22 M
Short Ratio1.84 X4.00 X
Earnings Per Share1.07 X3.12 X
Price to Earnings To Growth10.07 X4.89 X
Target Price20.36
Beta0.13-0.15
Market Capitalization29.6 B19.03 B
Total Asset46.89 B29.47 B
Retained Earnings(10.49 B)9.33 B
Working Capital384.42 M1.48 B
Current Asset543.54 M9.34 B

Barrick Gold Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Barrick . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Barrick Gold Buy or Sell Advice

When is the right time to buy or sell Barrick Gold Corp? Buying financial instruments such as Barrick Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2019 2020 2021 2022 (projected)
Current Assets6.89 B8.14 B8.25 B7.87 B
Total Assets44.39 B46.51 B46.89 B40.18 B

Use Investing Ideas to Build Portfolios

In addition to having Barrick Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Music and Video Thematic Idea Now

Music and Video
Music and Video Theme
Companies specializing in music, video and movie production and distribution. The Music and Video theme has 1 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Music and Video Theme or any other thematic opportunities.
View All  Next Launch
Please check Barrick Gold Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for analysis

When running Barrick Gold Corp price analysis, check to measure Barrick Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Barrick Gold is operating at the current time. Most of Barrick Gold's value examination focuses on studying past and present price action to predict the probability of Barrick Gold's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Barrick Gold's price. Additionally, you may evaluate how the addition of Barrick Gold to your portfolios can decrease your overall portfolio volatility.
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Is Barrick Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Barrick Gold. If investors know Barrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Barrick Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.30) 
Market Capitalization
29.6 B
Quarterly Revenue Growth YOY
(0.11) 
Return On Assets
0.0512
Return On Equity
0.0927
The market value of Barrick Gold Corp is measured differently than its book value, which is the value of Barrick that is recorded on the company's balance sheet. Investors also form their own opinion of Barrick Gold's value that differs from its market value or its book value, called intrinsic value, which is Barrick Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Barrick Gold's market value can be influenced by many factors that don't directly affect Barrick Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Barrick Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine Barrick Gold value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barrick Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.