Analysis of Barrick Gold share price

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Commodities like gold and oil logically attract a large number of investors. But there are indirect ways to speculate on the latter, particularly via the stock market, by betting on the securities of companies linked to this sector. This is the case with the Barrick Gold share which we are going to present to you today and which is one of the most well-known companies in the gold sector. Discover here its live course and some essential data to know before you start.

Elements that can influence the price of this asset:

Analysis N°1

We would of course follow all the exploration projects currently undertaken by the Barrick Gold Company. All new mine discoveries represent supplementary sources of revenue for this company.

Analysis N°2

The efforts and solutions implemented by the group relative to environmental respect should also be followed carefully. This eco-friendly initiative is one of the principal objectives of Barrick Gold over the coming years.

Analysis N°3

In the same way, the Barrick Gold Group is currently implementing an intensive distribution strategy of its products worldwide. It could thereby strengthen its position in the resale market and succeed in considerably increasing its profitability.

Analysis N°4

Of course it is also important to closely monitor the commodities market and fluctuations in the gold price which is particularly volatile, notably over the last few years.

Analysis N°5

Parallel to monitoring the efforts made by this company in regard to respect to the environment we would follow the probable strengthening of government regulations.

Analysis N°6

Finally, the activities of the Barrick Gold Company in the sale of gold and other precious metals could be threatened by an increase in growth of substitution gemstones which are increasingly popular among the general public.

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General presentation of Barrick Gold

The Barrick Gold Corporation is currently one of the global leaders in the production of pure gold.  Of course, due to its activities the company’s turnover originates from various geographical areas.

The greatest part of this company’s turnover is from North America with a production of 2.96 million ounces per year. Then we find Australia and Africa with 1.35 million ounces per year followed by Latin America with 646,000 ounces produced per year.

The share price of Barrick Gold is currently quoted on the American NYSE stock market in New York. The Barrick Gold Company is also included in the American NASDAQ 100 stock market index and it is therefore one of the top 100 companies in terms of capital.

Analysis of Barrick Gold share price
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The major competitors of Barrick Gold

We will now take a look at the main competitors of the Barrick Gold Group at the moment with a quick presentation of its biggest rivals on the market:

Agnico Eagle Mines

This Canadian company specialises in the extraction, transformation and production of gold, but also produces other metals such as silver, zinc and copper.


This other Canadian company based in Vancouver employs more than 115,000 people worldwide and operates mines in Canada, the United States and Mexico as well as a Canadian project at Opinaca which is a world class deposit in Canada.

Newmont Mining Corporation

This US company is part of a conglomerate and is based in Denver, Colorado and is one of the world's largest gold producing companies. It is indeed the second largest gold miner in the world after Barrock Gold.

Rio Tinto

Finally, the Rio Tinto Group should also be followed closely as it is an Anglo-Australian multinational mining group with operations in Australia and North America. This company is also present in many countries and on all continents. However, its mining assets remain mainly concentrated in Australia and Canada. Currently, the Rio Tinto Group holds gross assets worth over $81 billion through a complex network of businesses and subsidiaries.

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The factors in favour of a rise in the Barrick Gold share price:

Firstly, it is of course an undeniable strength that the Barrick Gold group is well established geographically and worldwide. Indeed, the company currently operates mines and develops innovative exploration and development projects on all continents.

The group can of course rely on its impressive workforce to meet market demand, as Barrick Gold currently employs more than 20,000 people worldwide.

Barrick Gold is also a reassuring company for investors thanks to its gold reserves. It is estimated that these mineral reserves are probably as high as 130 million ounces at present.

Barrick Gold also spends a lot of money on the environment. At a time when the preservation of the planet and the environment are at the heart of the world's concerns, this contributes to the good image of this company.

Barrick Gold's efforts to make its name known are also noteworthy. This was particularly the case after the installation of the world's tallest wind turbine at an altitude of more than 4,200 metres at a mine in Veladero, Argentina.

The company also reassures analysts and investors with its ability to meet its gold production quotas. This feat has been made possible thanks to a very well thought-out operational strategy that the group has been pursuing for several years.

Finally, the Barrick Gold group spends a lot of money on technology, expansion and exploration in order to further maximize its profits. Thanks to these efforts, the group continues to earn the confidence of its shareholders.

The factors in favour of a drop in the Barrick Gold share price:

Firstly, and despite the efforts made by Barrick Gold to restore its image from an ecological point of view, the group is still heavily criticized by ecologists around the world who accuse the company of dumping highly toxic substances such as cyanide, mercury and other heavy metals into the environment, resulting in significant damage to the ecology but also numerous cases of poisoning of human populations.

Still on the subject of the image of Barrick Gold, we can also mention the charges brought against the Porgera gold mine, which have had a very significant impact on the company. The company has been excluded from The Government Pension Fund of Norway, one of the largest sovereign wealth funds in the world. It goes without saying that this exclusion was not without financial consequences for the group.

If these few shortcomings seem less numerous than the advantages of this stock, their weight remains important and you must therefore take them into account when implementing your investment strategy on the Barrick Gold share price.

The information supplied here is only for indicative purposes and should not be used without the completion of a comprehensive and complete fundamental analysis of this asset notably taking into account exterior data, future publications and announcements and all fundamental events and news that could influence the strengths and weaknesses or make them more or less significant. This information does not in any way constitute recommendations relating to the completion of transactions.

Frequently Asked Questions

What is the current market capitalization of Barrick Gold?

Barrick Gold currently has a market capitalization of approximately US$35,012 million as of February 2020. It should also be noted that this company had sales equivalent to US$9,717 million for the fiscal year 2019. For the same fiscal year, its net income was US$3,969 million. You can of course follow these results on the website of your broker or on the website of this company.

Who are Barrick Gold's major private shareholders?

In mid 2020, the shareholders of Barrock Gold are Capital Research & Management for 5.60%, Van Eck Associates for 4.78%, Fidelity Management & Research for 4.72%, BlackRock Investment Management for 3.19%, Fidelity Asset Management for 3.05%, First Eagle Investment Management for 2.70%, The Vanguard Group for 2.67%, Flossbach Von Storch for 2.60%, Capital Research & Management WI for 2.33% and Boston Partners Global Investors for 1.97%.

On which stock market index is the Barrick Gold Group share listed?

The Barrick Gold Group's shares are currently listed on the Canadian stock market, i.e. on the Toronto Stock Exchange. But this company is also part of the S&P/TSX 60 stock index. This stock market index is an index of the sixty largest stocks on the Toronto Stock Exchange in terms of market capitalisation. Standard & Poor's, the consulting firm of the same name, is in charge of managing this stock market index and its composition.

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