Barrick Gold (NYSE: GOLD) is one of 42 public companies in the “Gold & silver ores” industry, but how does it compare to its peers? We will compare Barrick Gold to similar businesses based on the strength of its valuation, institutional ownership, risk, profitability, analyst recommendations, earnings and dividends.
Volatility and Risk
Barrick Gold has a beta of -0.52, indicating that its share price is 152% less volatile than the S&P 500. Comparatively, Barrick Gold’s peers have a beta of 0.27, indicating that their average share price is 73% less volatile than the S&P 500.
Barrick Gold pays an annual dividend of $0.28 per share and has a dividend yield of 2.1%. Barrick Gold pays out 80.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Gold & silver ores” companies pay a dividend yield of 1.2% and pay out 43.1% of their earnings in the form of a dividend. Barrick Gold has raised its dividend for 4 consecutive years.
Valuation & Earnings
This table compares Barrick Gold and its peers revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Barrick Gold||$7.24 billion||-$1.55 billion||37.77|
|Barrick Gold Competitors||$1.54 billion||-$207.93 million||7.82|
Barrick Gold has higher revenue, but lower earnings than its peers. Barrick Gold is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
This table compares Barrick Gold and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Barrick Gold Competitors||-13.64%||2.51%||1.84%|
This is a breakdown of current ratings and recommmendations for Barrick Gold and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Barrick Gold Competitors||586||2222||1978||74||2.32|
Barrick Gold currently has a consensus price target of $14.50, suggesting a potential upside of 9.68%. As a group, “Gold & silver ores” companies have a potential upside of 30.34%. Given Barrick Gold’s peers stronger consensus rating and higher probable upside, analysts clearly believe Barrick Gold has less favorable growth aspects than its peers.
Institutional and Insider Ownership
41.7% of Barrick Gold shares are held by institutional investors. Comparatively, 35.3% of shares of all “Gold & silver ores” companies are held by institutional investors. 9.3% of shares of all “Gold & silver ores” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Barrick Gold peers beat Barrick Gold on 10 of the 15 factors compared.
About Barrick Gold
Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the ZaldÃvar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia. It also owns gold mines and exploration properties in Africa; and gold projects located in South America and North America. Barrick Gold Corporation has strategic cooperation agreement with Shandong Gold Group Co. Ltd. The company was founded in 1983 and is headquartered in Toronto, Canada.
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