Barrick Gold: An Industry Leader, But Not Attractive Enough

Yield Partners
138 Followers
(12min)

Summary

  • Barrick Gold, one of the largest gold miners, reported a good Q2 result.
  • Production is expected to increase at a high gold price while AISC keeps management under control.
  • Based on EVA fair value calculation, it is not attractive enough to buy.

New Cobar Gold Mine

mikulas1

Investment thesis

Barrick Gold Corporation (GOLD), one of the world's largest gold mining companies, has outperformed many other assets recently, including the S&P 500 stock market index (SP500), thanks to a sharp rise in the

This article was written by

138 Followers
I am a full-time investor focusing on high-quality and growth companies. One of my other major areas is stocks with high starting dividends and low valuations. I try to have a portfolio balance between dividend-paying stocks and stocks with high growth but lower dividend payouts. Overall, I have 8 years of experience of investing in stocks and fortunately, I have had more good investments than bad since I started doing this. I also keep companies in my portfolio that pay no dividends at all, but have a great potential to grow well and even pay dividends later.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About B Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on B

Related Stocks

SymbolLast Price% Chg
B
--
ABX:CA
--