Bullboard - Stock Discussion Forum Barrick Gold Corp T.ABX

Alternate Symbol(s): GOLD

Metals & Mining Gold

Barrick Gold Corporation is a Canada-based gold and copper producer, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. It has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d'Ivoire, the Democratic Republic of the Congo, the Dominican Republic, Mali, Tanzania and the... see more

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Barrick Gold Corp > Gold Producers: Valuations Dip Amidst Strong Gold Prices

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Post by sdhaka on Aug 14, 2024 4:03pm

Gold Producers: Valuations Dip Amidst Strong Gold Prices

Gold Producers: Valuations Dip Amidst Strong Gold Prices Gold producer valuations fell 2.0% last week, marking a second consecutive decline, despite gold staying above US$2,000/oz. Average valuations are now 18% lower than during the last few instances when gold hit these levels. Noteworthy shifts: -

Barrick (GOLD): EV/EBITDA dropped significantly, hinting at short-term pressures. - Hecla Mining (HL): Highest EV/EBITDA in the group, despite a slight EV/Revenue dip. - Sibanye (SBSW): Lowest valuations, possibly a value play if you're bullish. Meanwhile, base metal producers saw a 0.8% rise. Is the market overly cautious on gold, or is this a buying opportunity? Thoughts?

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