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Barrick Gold: Significant Tailwinds And Undervalued Stock

May 02, 2021 12:06 PM ETBarrick Gold Corporation (GOLD), ABX:CA51 Comments


  • Gold prices are expected to go up as inflation pushes commodity markets upwards.
  • Copper demand will increase significantly in upcoming years.
  • Barrick Gold's stock is largely undervalued compared to its peers.

Gold bars stack
Photo by farakos/iStock via Getty Images

Barrick Gold (NYSE:GOLD) can benefit largely from gold (GLD) and copper (CPER) price appreciations. The business faced certain headwinds in recent months which pushed the stock price downwards. However, we consider

Data by YCharts

Data by YCharts

This article was written by

I am an equity research analyst looking for the highest quality value and growth opportunities. I do prefer those industries which have a promising outlook and are expected to grow at an above-average rate.Associated with another SA contributor Growth Analyst.

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