BARRICK GOLD

Analysis before buying or selling Barrick Gold shares

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The Barrick Gold stock is a possible option for investors looking to diversify into the gold sector. However, before making a buy or sell decision, it is important to understand the factors that influence the share price. Investors should consider the volatility of gold prices, which can vary depending on economic, geopolitical and social factors, as well as the performance of the company itself. Gold production and mining costs, the company's financial results and possible acquisitions or mergers are all factors to consider when deciding whether to buy or sell Barrick Gold shares. It is also important to look at gold market trends and long-term forecasts to understand how these factors could affect Barrick Gold's stock in the future.

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ISIN code: CA0679011084

Ticker: NYSE: GOLD

Index or market: NYSE

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Elements to consider before selling or buying Barrick Gold shares

Analysis N°1

Gold price: Barrick Gold is one of the world's largest gold producers, so the price of gold has a direct impact on its earnings and therefore on its share price.

Analysis N°2

Competition: Barrick Gold faces fierce competition in the gold market. Changes in the strategy of its competitors or the entry of new players into the market can have an impact on the company's share price.

Analysis N°3

The global economic situation: The gold price can be influenced by the global economic situation. In times of economic crisis or political instability, gold may be seen as a safe haven, which may cause Barrick Gold's share price to rise or fall.

Analysis N°4

Management of the company: The quality of the company's management can have an impact on its share price. Poor decisions or mismanagement of resources can negatively affect the share price.

Analysis before buying or selling Barrick Gold shares

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General presentation of Barrick Gold

A good knowledge of the company Barrick Gold is of course essential if you are planning to analyse this stock. We would therefore like to tell you more about the company and its activities to help you with your research.

Barrick Gold Corporation is a Canadian gold mining company whose primary business is the production and sale of gold and copper. The group also has related activities in exploration and mine development.

It has interests in 14 gold mines, including six tier one gold assets. These include Carlin, Cortez, Turquoise Ridge, Nevada Gold Mines, Pueblo Viejo, Loulo-Gounkoto, Kibali, Beladero, Porgera, North Mara and Bulyanhulu.

Geographically, the company's gold mines are also spread around the world, including Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania and the USA. Copper mines are located in Zambia, Chile and Saudi Arabia.

The Barrick Gold Group is currently headquartered in Toronto, Ontario, Canada. Until a few years ago, the group was positioned as the world's number one gold miner, just ahead of US-based Newmont Mining and South African companies Goldfields and AngloGold Ashanti.

In 2019, however, the Newmont Mining Group, which merged with GoldCorp, became the Newmont Goldcorp Group and the leader in its industry.

Barrick Gold remains one of the world's leading gold companies and its stock is listed on the TSX in Canada and is also included in the S&P/TSX stock index.

Photo credits: ©piter2121/123RF.COM

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.

Goldcorp

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 drawbacks seem less numerous than the advantages of this stock, their weight remains important and you should therefore take them into account before buying or selling and when setting up 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 or a solicitation to buy or sell an asset.

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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