Barrick Gold: Substantially Undervalued [Seeking Alpha]
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
randgoldresources.com
Company Research
Source: Seeking Alpha
SummaryA non-traditional way to think about valuation suggests that Barrick Gold could be substantially undervalued today.Historically, a 15% allocation to GOLD would have bumped a stock portfolio's returns by 130 bps per year without any increase in risk.Assuming correlations between gold and equities remain roughly unchanged, Barrick seems like a no-brainer.There are many ways to value a stock: discounted cash flow, discounted dividend model and relative valuation are some of the most popular. But when it comes to Barrick Gold (For context, I have held GOLD in my AE SRG (All-Equities Storm Resistant Growth) portfolio since mid-2019. In retrospect, I wish I had added the shares earlier, as Barrick has been one of the best complements to a diversified stock portfolio over the past couple of years.Credit: company'swebsiteRethinking ValuationMy interest in Barrick stock does not start with the fundamentals of the companyper seNotice below how, since Barrick's IPO in early 1985, the stoc
Show less
Read more
Impact Snapshot
Event Time:
GOLD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GOLD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GOLD alerts
High impacting Barrick Gold Corporation (BC) news events
Weekly update
A roundup of the hottest topics
GOLD
News
- Wall Street Bulls Look Optimistic About Barrick Gold (GOLD): Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Barrick Gold Corp (NYSE: GOLD) had its price target lowered by analysts at Citigroup Inc. from $23.00 to $17.00. They now have a "neutral" rating on the stock.MarketBeat
- Here's Why Barrick Gold Corporation (GOLD) Surged in Q3 [Yahoo! Finance]Yahoo! Finance
- Friday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Should you invest $1,000 in Barrick Gold right now? [Yahoo! Finance Canada]Yahoo! Finance Canada
GOLD
Earnings
- 11/7/24 - Miss
GOLD
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form 6-K
- GOLD's page on the SEC website