Fundamental Analysis/Outlook
The outlook for Barrick Gold going into this year is mixed. First of all, the revenue is strong at $11,015 million, with 3-year and 5-year averages of $1,054 million and $7,1402 million respectively, indicating stable revenue growth. However, Net Income has declined, with a 3-year average of -$6,315 million and 5-year average of $3,2732 million, suggesting profitability challenges which has resulted in a lack of dividends.
| Metric | Current | 3yr Avg | 5yr Avg |
|---|---|---|---|
| Revenue | 11,015 | 1,054 | 7,1402 |
| Net Income | 2,705.2 | -6,315 | 3,2732 |
| Earnings Per Share | 3,632 | -1,698 | 1,396 |
| Dividend Per Share | 0 | N/A | N/A |
| Book Value Per Share | 89,364 | 3,764 | 3,761 |
Technical Analysis/Outlook
On a technical basis the stock has gotten off to sluggish start this year as it is only +1.74% YTD. Here are the important levels to watch going forward into this year:
| Support | Pivot Point | Resistance |
|---|---|---|
|
Support 3: -3.68 Support 2: 3.17 Support 1: 10.02 |
16.87 |
Resistance 1: 23.72 Resistance 2: 30.57 Resistance 3: 37.42 |
About Barrick Gold Corp
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, 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.
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