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Barrick Gold
(TSX:ABX)
Barrick Gold (ABX) vs. S&P 500 (SPY)
Barrick Gold Business Overview & Revenue Model
Barrick Gold Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 12.92B | 11.40B | 11.01B | 11.98B | 12.60B | Gross Profit |
| 4.96B | 3.46B | 3.52B | 4.90B | 5.18B | EBIT |
| 0.00 | 2.47B | 3.36B | 4.82B | 4.90B | EBITDA |
| 7.01B | 5.16B | 3.70B | 6.65B | 7.73B | Net Income Common Stockholders |
| 2.14B | 1.27B | 432.00M | 3.29B | 3.61B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 4.07B | 4.15B | 4.44B | 5.28B | 5.19B | Total Assets |
| 47.63B | 45.81B | 45.97B | 46.89B | 46.51B | Total Debt |
| 5.26B | 5.22B | 5.25B | 5.47B | 5.36B | Net Debt |
| 1.18B | 1.07B | 810.00M | 193.00M | 176.00M | Total Liabilities |
| 14.37B | 13.81B | 14.68B | 14.58B | 14.80B | Stockholders Equity |
| 24.29B | 23.34B | 22.77B | 23.86B | 23.34B |
| Cash Flow | Free Cash Flow | |||
| 1.32B | 646.00M | 432.00M | 1.94B | 3.36B | Operating Cash Flow |
| 4.49B | 3.73B | 3.48B | 4.38B | 5.42B | Investing Cash Flow |
| -2.76B | -2.82B | -1.71B | -1.90B | -1.29B | Financing Cash Flow |
| -1.79B | -1.21B | -2.60B | -2.39B | -2.25B |
Barrick Gold Technical Analysis
Barrick Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $24.52B | 18.84 | 14.66% | 0.85% | 23.38% | 131.87% | |
80 Outperform | $78.88B | 30.04 | 9.42% | 1.36% | 26.99% | -6.63% | |
79 Outperform | $5.17B | 13.80 | 8.12% | ― | 33.06% | 177.69% | |
73 Outperform | $46.25B | 16.03 | 9.00% | 1.97% | 15.40% | 72.49% | |
71 Outperform | $5.69B | 255.27 | 1.33% | 0.83% | 6.02% | ― | |
47 Neutral | $2.49B | -2.97 | -22.82% | 3.51% | 4.13% | -28.53% | |
33 Underperform | $91.94M | ― | -23.87% | ― | ― | -199.24% |
Barrick Gold Earnings Call Summary
Barrick Gold Corporate Events
Barrick Gold Corporation has announced that it will release its first quarter 2025 financial results on May 7, 2025. The results will be presented by President and CEO Mark Bristow during a live presentation and interactive webinar, which will allow participants to ask questions. This announcement is significant for stakeholders as it provides insights into the company’s financial health and operational performance, potentially impacting its market positioning and investor confidence.
Spark’s Take on TSE:ABX Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABX is a Outperform.
Barrick Gold demonstrates a strong financial position with effective revenue growth, profitability, and cash flow management. Positive technical indicators and fair valuation further support the stock’s attractiveness. The earnings call provided a positive outlook despite some operational challenges, highlighting the company’s strategic resilience and growth potential in the gold industry.
To see Spark’s full report on TSE:ABX stock, click here.
Barrick Gold Corporation has received shareholder approval for the updated Feasibility Study and Phase 1 development capital for the Reko Diq project in Balochistan, Pakistan, contingent on securing up to $3 billion in project financing. The company has appointed Fluor Corporation as the lead Engineering, Procurement, and Construction Management partner, with the aim of commencing major works in 2025 and achieving first production by the end of 2028. This development marks a significant milestone for Barrick, reflecting strong governmental support and reinforcing its commitment to responsible and efficient project execution, with a focus on community development and maximizing local content.
Spark’s Take on TSE:ABX Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABX is a Outperform.
Barrick Gold demonstrates a strong financial position with solid revenue growth and profitability. Technical indicators reflect positive market momentum. The valuation is fair, and while the earnings call highlighted operational challenges, the overall financial achievements and strategic developments suggest a positive outlook for the stock.
To see Spark’s full report on TSE:ABX stock, click here.
Barrick Gold Corporation has reported significant progress in its key growth projects, including the Lumwana Super Pit Expansion in Zambia and the Reko Diq project in Pakistan, both of which have confirmed their Tier One potential. The company successfully replaced all the gold and copper it mined, ensuring a strong reserve base for future growth. Barrick’s financial strength allows it to invest in these projects without issuing new shares or incurring debt, while its sustainability efforts and local partnerships remain central to its operations. The company also continues to diversify its Board, with a focus on enhancing diversity.
Barrick Gold Corporation declared a dividend of $0.10 per share for the fourth quarter of 2024, in line with its Performance Dividend Policy. Alongside dividends, Barrick repurchased 28.675 million shares in 2024, reflecting strong business performance and a focus on shareholder returns, while maintaining a robust financial position to support growth initiatives.
Barrick Gold Corporation has announced a new share buyback program, allowing for the repurchase of up to $1.0 billion of its common shares over the next 12 months. This decision highlights Barrick’s belief that its shares may be undervalued and reflects its strategic approach to leveraging financial performance, cash flow availability, and other investment opportunities to enhance shareholder value. The program is flexible, with no obligation to repurchase a specific number of shares, and can be suspended or discontinued at any time.
Barrick Gold Corporation reported a robust performance for Q4 and the entire year, with significant increases in gold and copper production, as well as reduced production costs. The company recorded a notable rise in net earnings and EBITDA, alongside strong cash flow figures, supporting a maintained dividend and share buybacks. These results highlight Barrick’s strategic focus on asset quality and sustainable growth, positioning the company strongly within the industry and indicating positive implications for stakeholders.
Barrick Gold Corporation announced a significant increase in its gold and copper reserves, underscoring its strategic focus on organic growth and asset quality. The company reported a 23% increase in gold mineral reserves and a 224% increase in copper reserves, highlighting the successful conversion of resources to reserves at its Reko Diq and Lumwana projects. This expansion positions Barrick as a leader in resource management, promising extended operational life and enhanced production capabilities, which are expected to create long-term value for its stakeholders.
Barrick Gold’s Kibali mine in the Democratic Republic of Congo ended 2024 with a record performance in yearly throughput, highlighting its operational excellence and efficiency as a low-cost producer. The mine is set to enhance its exploration efforts and strengthen its management team, aiming for new gold discoveries and bolstering its reserves. Additionally, Barrick is advancing the construction of a 16MW solar plant to reduce emissions and fuel consumption, aiming to operate with 100% renewable power for six months annually. The company’s efforts also include maintaining high environmental standards, supporting biodiversity projects, and contributing significantly to the local Congolese economy.
Barrick Gold Corporation is reinforcing its contribution to Zambia’s economy with the Lumwana Mine, having injected over $3.7 billion since 2019. The Lumwana expansion plan is set to double copper production by 2028 and create numerous jobs, aligning with Zambia’s development strategy. The expansion includes a training initiative to equip local workers, and infrastructure developments like a new airport and industrial park. Barrick is also addressing power supply issues in collaboration with ZESCO to benefit local communities and industries.
Barrick Gold Corporation has made a substantial economic impact in Tanzania through its Twiga joint venture, injecting over $4.24 billion since 2019 and contributing $888 million in 2024 alone. The partnership has been pivotal in providing employment, supporting local businesses, and funding community projects, with 96% of the workforce being Tanzanian nationals. Significant advancements have been made in mine production, safety records, and environmental management. The establishment of a Special Economic Zone and the Barrick Academy underscores Barrick’s commitment to sustainable development and talent cultivation. Additionally, the expansion of exploration areas is vital for the long-term strategy to enhance mineral reserves and sustain growth in the region.
Barrick Gold Corporation has announced the release of its fourth quarter and full year 2024 financial results, scheduled for February 12, 2025. The release will include a live presentation and interactive webinar led by President and CEO Mark Bristow, offering stakeholders an opportunity to engage with the company’s financial performance and future outlook.
Barrick Gold Corporation has temporarily suspended operations at its Loulo-Gounkoto mining complex in Mali due to restrictions imposed by the Malian government on gold shipments. The government has moved the gold stock to a custodial bank, preventing shipment and sale, prompting Barrick to work towards a resolution with stakeholders to ensure the long-term sustainability of its operations and their economic impact in Mali.
Barrick Gold Corporation has received an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase 5,000,000 common shares at a below-market price of C$21.35 per share. Barrick advises its shareholders to reject this offer, highlighting that it is not affiliated with TRC Capital and expressing concerns over the discounted offer, which is 4.52% and 4.38% below recent market prices on the Toronto and New York Stock Exchanges, respectively. The company aligns with guidance from Canadian and U.S. securities authorities, which warn investors about the potential risks associated with such mini-tender offers, urging them to exercise caution and seek professional financial advice.