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ABX : Barrick Gold Corp Stock Profile

Qayyum Rajan is a CFA Charterholder who has previously worked at CIBC, RBC Dominion Securities and Sentry Investments before creating his own fintech ventures.He has been a financial advisor, analyst and portfolio manager who is passionate about helping people reach their financial goals.Qayyum is the owner of Wealth Awesome where he writes financial content and creates tools for over 20,000 Canadian investors.

Expertises: finance, investment, stocks
 
Last Updated:
Barrick Gold Corp trades with the ticker ABX on the TSX and is in the Gold industry.
Overview
Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located in the Americas, Asia, and Africa. Barrick Gold Corporation was founded in 1983 and is based in Toronto, Canada.
 

ABX.TO Stock Price and Key Stats

ABX Stock Key Stats

Exchange: TSX

Market Cap : $48094.912MM

PE Ratio: 23.453

Price: (Updated: )

Barrick Gold Corp (ABX) vs Competitors in Gold

Lets see how ABX.TO stacks up against others in the Gold asset management industry. We have identified its main peers as:

Barrick Gold Corporation, Agnico Eagle Mines Limited, Alamos Gold Inc, Galiano Gold Inc, Alio Gold Inc

.

Gold Industry Comparisons

CompanyMarket Cap ($MM)P/E RatioEV/EBITDADividend Yield
Barrick Gold Corporation (ABX)$48,094.91223.4536.3732.0%
Agnico Eagle Mines Limited (AEM)$55,584.38370.66215.0062.0%
Alamos Gold Inc (AGI)$11,546.44340.45614.7460.5%
Galiano Gold Inc (AKG)$353.306N/A0.00.0%
Alio Gold Inc (ALO)$168.547N/A0.00.0%
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses Industry: companies that have a lot in common Market Cap: Market Capitalization – the total value of all a corporation’s stock N/A: Not Applicable or Not Available P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share Price: Stock Price – current value to buyers and sellers Dividend Yield: Dividend or Distribution Yield 

Comparisons within Gold

  • Barrick Gold Corp (ABX) vs Barrick Gold Corporation (ABX)
    • ABX has higher EPS (1.17 vs 1.17). ABX has higher dividend yield (2.0% vs 2.0%). ABX has a higher P/E ratio (23.453 vs 23.453) indicating it’s more expensive.
  • Barrick Gold Corp (ABX) vs Agnico Eagle Mines Limited (AEM)
    • AEM has higher EPS (1.57 vs 1.17). AEM has higher dividend yield (2.0% vs 2.0%). AEM has a higher P/E ratio (70.662 vs 23.453) indicating it’s more expensive.
  • Barrick Gold Corp (ABX) vs Alamos Gold Inc (AGI)
    • ABX has higher EPS (1.17 vs 0.68). ABX has higher dividend yield (2.0% vs 0.5%). AGI has a higher P/E ratio (40.456 vs 23.453) indicating it’s more expensive.
  • Barrick Gold Corp (ABX) vs Galiano Gold Inc (AKG)
    • ABX has higher EPS (1.17 vs -0.003). ABX has higher dividend yield (2.0% vs 0.0%). AKG has a P/E under 0, indicating ABX (P/E 23.453) is in a better position.
  • Barrick Gold Corp (ABX) vs Alio Gold Inc (ALO)
    • ABX has higher EPS (1.17 vs -0.274). ABX has higher dividend yield (2.0% vs 0.0%). ALO has a P/E under 0, indicating ABX (P/E 23.453) is in a better position.
 
Our Recommendation: Buy
Shows positive EPS growth from this year to next, suggesting improving profitability. Has a lower P/E ratio (23.45) than the industry average (40.28), indicating potential undervaluation. Features a lower EV/EBITDA ratio (6.37) than the industry average (21.18), indicating attractive valuation.
 

How to Buy ABX stock on the TSX

You can buy on pretty much any online brokerage in Canada, since it trades on the TSX.If you are looking for some easy options take a look at these two: 
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