Critical Contrast: Barrick Gold (GOLD) and Its Peers
Barrick Gold (NYSE: GOLD) is one of 41 publicly-traded companies in the “Gold & silver ores” industry, but how does it contrast to its rivals? We will compare Barrick Gold to related companies based on the strength of its institutional ownership, profitability, analyst recommendations, earnings, valuation, dividends and risk.
Insider and Institutional Ownership
62.6% of Barrick Gold shares are held by institutional investors. Comparatively, 35.1% of shares of all “Gold & silver ores” companies are held by institutional investors. 9.2% of shares of all “Gold & silver ores” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
This is a summary of recent recommendations for Barrick Gold and its rivals, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Barrick Gold Competitors||568||2091||1906||73||2.32|
Barrick Gold currently has a consensus price target of $14.82, indicating a potential upside of 13.05%. As a group, “Gold & silver ores” companies have a potential upside of 21.55%. Given Barrick Gold’s rivals stronger consensus rating and higher probable upside, analysts clearly believe Barrick Gold has less favorable growth aspects than its rivals.
Risk and Volatility
Barrick Gold has a beta of -0.53, indicating that its share price is 153% less volatile than the S&P 500. Comparatively, Barrick Gold’s rivals have a beta of 0.25, indicating that their average share price is 75% less volatile than the S&P 500.
Earnings and Valuation
This table compares Barrick Gold and its rivals gross revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Barrick Gold||$7.24 billion||-$1.55 billion||37.46|
|Barrick Gold Competitors||$1.49 billion||-$211.47 million||0.94|
Barrick Gold has higher revenue, but lower earnings than its rivals. Barrick Gold is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
This table compares Barrick Gold and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Barrick Gold Competitors||-13.71%||2.78%||2.04%|
Barrick Gold pays an annual dividend of $0.28 per share and has a dividend yield of 2.1%. Barrick Gold pays out 80.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Gold & silver ores” companies pay a dividend yield of 1.2% and pay out 34.3% of their earnings in the form of a dividend. Barrick Gold has raised its dividend for 4 consecutive years.
Barrick Gold rivals beat Barrick Gold on 10 of the 15 factors compared.
About Barrick Gold
Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the ZaldÃvar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia. It also owns gold mines and exploration properties in Africa; and gold projects located in South America and North America. Barrick Gold Corporation has strategic cooperation agreement with Shandong Gold Group Co. Ltd. The company was founded in 1983 and is headquartered in Toronto, Canada.
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