Steven Shapiro - Barrick Gold Independent Director

ABX Stock  CAD 23.69  0.33  1.41%   

Director

Mr. Steven J. Shapiro serves as an Independent Director of Barrick Gold Corporationrationration. Mr. Shapiro is a Corporationrationrate Director with more than 35 years of experience in the energy and mining business. He spent nine years in the coal and minerals business at ARCO, a producer of copper, molybdenum, uranium and coal, with byproducts including gold and silver. Mr. Shapiro was President of ARCO Coal Australia, overseeing four operating mines with 1, 100 employees. He was also Manager of Acquisitions for the Anaconda Company and the Vice President, Finance for ARCO coal and minerals division. Mr. Shapiro was formerly Executive Vice President, Finance and Corporationrationrate Development and a director of Burlington Resources, Inc., an oil and gas exploration and production company. He was also formerly Senior Vice President and a director of Vastar Resources, an oil and gas exploration and production company since 2004.
Age 65
Tenure 20 years
Address Brookfield Place, TD Canada Trust Tower, Toronto, ON, Canada, M5J 2S1
Phone416-861-9911
Webhttps://www.barrick.com
Shapiro holds an undergraduate degree from Union College and a Master degree in Business Administration from Harvard University.

Barrick Gold Management Efficiency

The company has return on total asset (ROA) of 0.0336 % which means that it generated a profit of $0.0336 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0617 %, meaning that it generated $0.0617 on every $100 dollars invested by stockholders. Barrick Gold's management efficiency ratios could be used to measure how well Barrick Gold manages its routine affairs as well as how well it operates its assets and liabilities. As of the 30th of April 2024, Return On Equity is likely to grow to 0.06, while Return On Tangible Assets are likely to drop 0.02. At this time, Barrick Gold's Debt To Assets are very stable compared to the past year. As of the 30th of April 2024, Asset Turnover is likely to grow to 0.33, while Total Assets are likely to drop about 24.1 B.
The company has accumulated 32 M in total debt with debt to equity ratio (D/E) of 0.16, which may suggest the company is not taking enough advantage from borrowing. Barrick Gold Corp has a current ratio of 3.87, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Barrick Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Barrick Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Barrick Gold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Barrick to invest in growth at high rates of return. When we think about Barrick Gold's use of debt, we should always consider it together with cash and equity.
Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada. BARRICK GOLD operates under Metals And Minerals Mining And Exploration classification in Canada and is traded on Toronto Stock Exchange. Barrick Gold Corp (ABX) is traded on Toronto Exchange in Canada and employs 53 people. Barrick Gold is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Barrick Gold Corp Leadership Team

Elected by the shareholders, the Barrick Gold's board of directors comprises two types of representatives: Barrick Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Barrick. The board's role is to monitor Barrick Gold's management team and ensure that shareholders' interests are well served. Barrick Gold's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Barrick Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kelvin Dushnisky, Senior Executive Vice President
Poupak Bahamin, General Counsel
Brett Harvey, Lead Independent Director
Grant Beringer, Group Sustainability Executive
Anthony Munk, Non-Independent Director
Steven Shapiro, Independent Director
Deni Nicoski, Senior Vice President - Investor Relations
Michael Evans, Independent Director
Kathy Sipos, General Manager - Corporate Office
Rodney Quick, Mineral Resource Management and Evaluation Executive
Gustavo Cisneros, Independent Director
Willem Jacobs, Chief Operating Officer, Africa and Middle East
Shaun Usmar, Senior Executive Vice President CFO - Designate
Daniel Oh, Senior Vice President Investor Engagement and Governance
Aoife McGrath, Vice President - exploration for Africa, Middle East
Nancy Lockhart, Independent Director
James Gowans, COO, Executive Vice President
Mark Bristow, President, Chief Executive Officer, Director
Richard Williams, Chief of Staff
Gary Doer, Independent Director
George Bee, Senior Vice President - Lama and Frontera District Development
Sebastiaan Bock, Chief East
Mike Estes, Chief Nevada
J Evans, Independent Director
Christopher Naylor, Independent Director
Darian Rich, Executive VP of Talent Management
Robert Krcmarov, Executive Vice President - Exploration and Growth
Kevin Thomson, Senior Executive Vice President - Strategic Matters
Pablo Marcet, Director
Louis Dionne, Director
Loreto Silva, Independent Director
Leandro Sastre, Vice President - exploration, Latin America and Asia Pacific
John Thornton, Non-Independent Executive Chairman of the Board
Catherine Raw, Chief Operating Officer, North America
John Steele, Metallurgy, Engineering and Capital Projects Executive
Dambisa Moyo, Independent Director
Brian Greenspun, Independent Director
Christopher Coleman, Independent Director
Graham Clow, Independent Director
Lois Wark, Group Corporate Communications and Investor Relations Executive
Mark Hill, Chief Operating Officer, LATAM and Australia Pacific
Charles Birchall, Non-Independent Vice Chairman of the Board
J Harvey, Lead Independent Director
Ernie Thrasher, Independent Director
Greg Walker, Senior Vice President - Operational and Technical Excellence
Mark BEng, Chief Pacific
Basie Maree, Chief Technical Officer
Faith Teo, Vice President Assistant General Counsel and Secretary
Christine Keener, Chief America
Dennis Bristow, CEO and President
Graham Shuttleworth, Chief Financial Officer, Senior Executive Vice President
Robert Prichard, Director
Andrew Quinn, Independent Director

Barrick Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Barrick Gold a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Barrick Gold in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Barrick Gold's short interest history, or implied volatility extrapolated from Barrick Gold options trading.

Pair Trading with Barrick Gold

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Barrick Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Barrick Gold will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Barrick Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Barrick Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Barrick Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Barrick Gold Corp to buy it.
The correlation of Barrick Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Barrick Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barrick Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Barrick Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Barrick Gold Corp is a strong investment it is important to analyze Barrick Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Barrick Gold's future performance. For an informed investment choice regarding Barrick Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Barrick Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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When running Barrick Gold's price analysis, check to measure Barrick Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Barrick Gold is operating at the current time. Most of Barrick Gold's value examination focuses on studying past and present price action to predict the probability of Barrick Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Barrick Gold's price. Additionally, you may evaluate how the addition of Barrick Gold to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Barrick Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Barrick Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barrick Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.