09:13:47 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,755,407,560
Close 2023-05-05 C$ 27.05
Market Cap C$ 47,483,774,498
Recent Sedar Documents

Inv Reporter says buy Barrick Gold

2023-05-05 21:25 ET - In the News

The Investment Reporter, in its April 28, 2023, issue, says buy Barrick Gold Corp., recently $25.95. The Reporter said buy 29 times from Nov. 17, 1995, to May 27, 2022, at prices ranging from $10.10 to $47.75. Assuming an investment of $1,000 for each of the 29 buys, the $29,000 position would now be worth $28,570. Barrick is one of the largest gold producers in the world, owning mining properties mostly in North America, South America and Australia. The company says it is on pace to hit its 2023 production guidance, which calls for gold production to be between 4.2 million and 4.6 million ounces (up from 4.1 million in 2022), and copper production to be between 420 million and 470 million ounces (compared with 440 million in 2022). Barrick had low gold production in the first quarter of 2023, but is expecting to increase its production throughout 2023. The stock currently trades at a reasonable 9.3 times Barrick's 2023 projected cash flow of $2.78 a share. Its annual dividend of 54 cents a share is equal to a yield of 2.1 per cent. The Reporter says buy Barrick Gold for growth and some income.

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