Advertisement
Canada markets open in 6 hours 5 minutes
  • S&P/TSX

    22,259.47
    +312.06 (+1.42%)
     
  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     
  • DOW

    38,852.27
    +176.59 (+0.46%)
     
  • CAD/USD

    0.7308
    -0.0013 (-0.18%)
     
  • CRUDE OIL

    78.55
    +0.07 (+0.09%)
     
  • Bitcoin CAD

    87,097.59
    -748.90 (-0.85%)
     
  • CMC Crypto 200

    1,367.84
    +2.72 (+0.20%)
     
  • GOLD FUTURES

    2,327.40
    -3.80 (-0.16%)
     
  • RUSSELL 2000

    2,060.67
    +24.95 (+1.23%)
     
  • 10-Yr Bond

    4.4890
    -0.0110 (-0.24%)
     
  • NASDAQ futures

    18,187.00
    -8.50 (-0.05%)
     
  • VOLATILITY

    13.49
    0.00 (0.00%)
     
  • FTSE

    8,301.30
    +87.81 (+1.07%)
     
  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     
  • CAD/EUR

    0.6787
    -0.0005 (-0.07%)
     

Why Barrick Gold (GOLD) is a Top Value Stock for the Long-Term

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why Investors Should Pay Attention to This Value Stock

Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.

ADVERTISEMENT

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 is a Zacks Rank #3 (Hold) stock, with a Value Style Score of B and VGM Score of B. Shares are currently trading at a forward P/E of 18X for the current fiscal year compared to the Mining - Gold industry's P/E of 20.7X. Additionally, GOLD has a PEG Ratio of 1.5 and a Price/Cash Flow ratio of 8.5X. Value investors should also note GOLD's Price/Sales ratio of 2.6X.

A company's earnings performance is important for value investors as well. For fiscal 2024, four analysts revised their earnings estimate higher in the last 60 days for GOLD, while the Zacks Consensus Estimate has increased $0.03 to $0.95 per share. GOLD also holds an average earnings surprise of 20.5%.

GOLD should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Barrick Gold Corporation (GOLD) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research