Barrick Gold: Back On The Sale Rack (Rating Upgrade)
Portfolio Pulse from
Barrick Gold Corporation's 2025 outlook reveals increased capital expenditures, higher cash costs, and lower production, affecting its near-term free cash flow. Despite this, the stock appears undervalued, trading at its lowest P/NAV and earnings multiple in years. Positive developments include expected reserve growth and promising results from the Fourmile project.
December 20, 2024 | 8:30 pm
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NEUTRAL IMPACT
Barrick Gold's 2025 outlook indicates increased capex, higher cash costs, and lower production, affecting near-term free cash flow. However, the stock is trading at historically low valuation multiples, suggesting potential undervaluation. Positive reserve growth and the promising Fourmile project could offset some negative impacts.
The news highlights both negative and positive aspects for Barrick Gold. Increased capex, higher cash costs, and lower production are negative, impacting free cash flow. However, the stock's low valuation multiples suggest it may be undervalued, and positive reserve growth and the Fourmile project provide potential upside. These mixed factors result in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100