Yahoo Finance Here's Why Barrick Gold (GOLD) is a Strong Value Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Barrick Gold (GOLD)
Barrick Gold Corporation, based in Toronto, Canada, is one of the largest gold mining companies in the world. The company has many advanced exploration and development projects located across five continents.
GOLD sits at a Zacks Rank #3 (Hold), holds a Value Style Score of B, and has a VGM Score of A. Compared to the Mining - Gold industry's P/E of 15.8X, shares of Barrick Gold are trading at a forward P/E of 16.6X. GOLD also has a PEG Ratio of 1.4, a Price/Cash Flow ratio of 8.6X, and a Price/Sales ratio of 2.6X.
Many value investors pay close attention to a company's earnings as well. For GOLD, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.13 to $1.03 per share for 2024. Per share GOLD boasts an average earnings surprise of 18.3%.
Investors should take the time to consider GOLD for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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Barrick Gold Corporation (GOLD) : Free Stock Analysis Report
