Barrick Stock Story

GOLD
 Stock
  

USD 16.72  0.32  1.95%   

Given the investment horizon of 90 days Barrick Gold is expected to under-perform the market. In addition to that, the company is 1.42 times more volatile than its market benchmark. It trades about -0.08 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.05 per unit of volatility. While some of us are excited about basic materials space, it makes sense to digest Barrick Gold in greater detail to make a better estimate of its risk and reward. We will go over odds for Barrick Gold to generate above-average margins next week.
Published over two months ago
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Still holding on to Barrick (NYSE:GOLD) given latest volatility dip?

Barrick Gold Corp currently holds roughly 5.28 B in cash with 4.38 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.97.
Volatility is a rate at which the price of Barrick Gold or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Barrick Gold may increase or decrease. In other words, similar to Barrick's beta indicator, it measures the risk of Barrick Gold and helps estimate the fluctuations that may happen in a short period of time. So if prices of Barrick Gold fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.

How important is Barrick Gold's Liquidity

Barrick Gold financial leverage refers to using borrowed capital as a funding source to finance Barrick Gold Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Barrick Gold financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Barrick Gold's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.
It is good to see analyst projects for Barrick Gold, but it might be worth checking our own buy vs. sell analysis

Barrick Gold Volatility Drivers

Barrick Gold unsystematic risk is unique to Barrick Gold Corp and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Barrick Gold you can also buy KE Holdings. You can also mitigate this risk by investing in the gold sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Barrick Gold important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Barrick Gold income statement and balance sheet. Here are more details about Barrick volatility.
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0.77