Barrick Gold (NYSE: GOLD) is one of the largest gold miners on the planet, being second only to Newmont Mining in terms of production.
In this video, I analyze Barrick Gold – going through its cash flow production, debt, all-in sustaining costs and more – and I talk about how the GOLD stock price might move in the future.
As with every other gold miner, the most important thing for the Barrick Gold stock is the price of gold (and a bit the copper price), as that is what defines Barrick’s performance, cash flows and dividends.
Regarding the dividends, Barrick has a new dividend distribution policy since 2022, which at current prices can represent a dividend yield of more than 5%, assuming that everything goes well for Barrick and the gold price.
With 2022 gold prices not moving that much since 2018 despite good (recession fears, lockdowns, economic slowdowns) and bad (inflation, rising interest rates) tailwinds, a move in gold price is something that many expect.
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DISCLAIMER: I am not a financial advisor and nothing on this channel should qualify as investing advice. All information is provided for your education or entertainment. It is not intended to be investment advice. This information is general in nature and has not taken into account your personal financial position or objectives. Seek a duly licensed professional for investment advice.
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3 Comments
What are your thoughts on Barrick Gold and other gold stocks in general?
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Fantastic company
Thank you for the analysis. Barrick Gold is at $17 per share now, I think I might buy some again