Stock in Focus: Barrick Gold Corporation (GOLD)

Company Profile:

Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid copper mine located in Saudi Arabia. The company also owns gold mines and exploration properties in Africa; and various projects located in the Americas and Africa. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.

Recent News:

Barrick announced preliminary first quarter sales of 1.37 million ounces of gold and 103 million pounds of copper, as well as preliminary first quarter production of 1.37 million ounces of gold and 106 million pounds of copper—in line with the Company’s operating plans and guidance.

Its Board of Directors has declared a dividend for the first quarter of 2019 of $0.04 per share, payable on June 17, 2019, to shareholders of record at the close of business on May 31, 2019.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

GOLD’s strengths can be seen in its strong profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator, the RSI(14) stands at 51.80 with positive bias. We rate Barrick Gold Corporation (GOLD) a STRONG BUY.