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Barrick Gold - AI Stock Analysis
Analysis generated February 14, 2025
Barrick Gold Corporation, founded in 1983, is one of the world's leading gold mining entities. Headquartered in Toronto, Canada, the company has a well-diversified portfolio of mines in North and South America, Africa, and Australia. Barrick Gold focuses on producing gold and copper mines, operational efficiencies, and exploring new resources while maintaining a strong commitment to sustainability and ethical mining practices.
Fundamental Analysis
In the last quarter, Barrick Gold reported revenue of $3.37 billion, which is an increase of 6.57% compared to the previous quarter and an increase of 17.68% compared to the same quarter last year. This uptick is a positive sign of growth for the company.
The net income for the last quarter was $483 million, representing a robust increase of 30.54% quarter-over-quarter and 31.25% year-over-year. These figures demonstrate strong profitability and operational efficiency.
EBITDA for the last quarter was reported at $1.66 billion, showing a modest 1.10% increase from the previous quarter and a remarkable 28.47% year-over-year growth. This indicates improved operational performance and cost management.
The current Price-to-Earnings (P/E) ratio stands at 18.54, which is within the normal range, suggesting that the stock is neither overvalued nor undervalued compared to its earnings.
Technical Analysis
Today's stock price is $18.44, reflecting an increase of 18.36% over the past month, which indicates a positive short-term trend. Compared to a year ago, the stock price has increased by 29.31%, reinforcing a strong long-term bullish trend.
The current Simple Moving Average (SMA10) is 17.50, higher than the previous SMA10 of 17.33, indicating a potential upward trend in price movement. This consistency aligns with the bullish trend observed in the stock.
The Relative Strength Index (RSI) is 55.5, indicating neutral conditions. RSI values between 30 and 70 typically signify that the stock is neither overbought nor oversold.
Alternative Data Analysis
Barrick Gold has currently 203 open positions according to data from popular job boards. This number is up by 10% in the last couple of months, suggesting that the company is looking to expand and grow. A positive indicator of future growth potential.
The business outlook among employees at Barrick Gold is reported to be neutral, indicating neither exceptional excitement nor significant concern among the workforce.
Barrick Gold's website had an estimated 220,000 visitors recently. However, this number has declined by 15% over the last couple of months, indicating a potentially worrisome trend as it might signal a loss of customer interest or engagement.
Barrick Gold's Instagram page has 36,000 followers, up by 4% in the last couple of months, showing increased interest among social media users. Their Twitter page has 63,000 followers with no meaningful increase or decrease recently, suggesting stable engagement.
According to AltIndex's AI score, which utilizes fundamental, technical, and alternative data analysis to predict stock performance, Barrick Gold has a score of 80, which is a buy signal. This score reflects a combination of positive factors that bode well for the stock's future performance.
Conclusion and Recommendation
Based on the detailed analysis, Barrick Gold exhibits a promising outlook through its strong fundamental growth markers, robust technical indicators, and supportive alternative data metrics. The significant increase in revenue, net income, and EBITDA highlights the company's strong performance and operational efficiency. The consistent upward trend in the stock price and the bullish technical signals further strengthen the investment case. Despite a slight drop in webpage visitors, the positive sentiment reflected on social media and the expansion in job postings suggest potential future growth. Given these factors, Barrick Gold presents a compelling investment opportunity.
Recommendation: Buy
Disclaimer: This AI stock analysis, generated by an experimental AI tool, is for informational purposes only and not financial advice. Information is based on publicly available data and may not always be accurate or current.
