Gold is a valuable commodity, it is not surprising that many companies are engaged in mining, one of the largest being Barrick Gold Corporation.
This gold mining company does not only operate in one country, even though its headquarter is in Toronto Canada, but the company’s operations cover 13 countries.
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Barrick gold corporation overview
Barrick Gold Corporation was founded in 1983, the founder is Peter Munk, he is a businessman from Canada who was born a Hungarian.
Company Barrick Gold Corporation is engaged in mining and metals including Gold, Copper, and Silver. In principle, the company produces and sells gold and copper and its related activities. With the number of employees reaching more 18,421.
With a production capacity of up to 5.5 million ounces, the company operates in 13 countries including Argentina, Congo, Canada, Chile, Côte d’Ivoire, Dominican Republic, Mali, Papua New Guinea, Tanzania, Saudi Arabia, the United States, and Zambia.
Mines Gold
According to Forbes, Barrick Gold corporation operates the mines Carlin, Cortez, Turquoise Ridge, Long Canyon, Phoenix, Pueblo Viejo, Loulo-Gounkoto, Kibali, Hemlo, Veladero, North Mara, Bulyanhulu, Buzwagi, Tongon, and Porgera.
Copper mines
Not only in the gold business, but this company is also involved in the copper business including the Lumwana, Jabal Sayid, and Zaldivar mines.
Barrick Gold address
Headquartered in Canada, Barrick Gold Corporation is located at 161 Bay Street, Suite 3700 Toronto, Ontario M5J 2S1 Canada. With contact detail Telephone: +1 416 861-9911,Toll Free (North America): 1-800-720-7415.
Barrick gold in south Africa
In Africa, the Barrick corporation has ownership shares;
- Bulyanhulu Mine of 73.90%.
- Tulawaka mine at 51.73%.
- North Mara mine 73.90%.
- The Buzwagi mine, 73.90%.
All of these gold mines are in Tanzania.
Barrick gold of north America
Ownership in North America is very important to Barrick, it is the biggest gold producer for the company. Barrick owns:
- 100% of Goldstrike Properties,
- Round Mountain Mine, 50%.
- Hemlo Properties, Ontario, 100%.
- Marigold Mine, 33%.
- Bald Mountain Mine, 100%.
- Cortez Mine, 100%.
- Turquoise Ridge Mine, 75%.
- Sunshine Gold Mine, Montana 100%.
- Ruby Hill Mine 100%.
All of these mines are located in Nevada.
Barrick Gold of Australia
Barrick corporation also owns mines in Pacific Australia,
- Cowal Mine, in Central New South Wales, owns 100%.
- Porgera Mine in Papua New Guinea owns 95%.
- Osborne Mine, in Queensland, owns 95%.
- Kanowna Mine owns 100%.
- Kalgoorlie Mine owns 50%.
- Yilgarn South owns 100%.
- Plutonic Mine has 100%.
The last four are located in Western Australia.
Barrick gold in Canada
Barrick corporation based in Canada, which has mines spread all over the world, its success has led the company to become a leader company that promotes social and environmental responsibility.
For five consecutive years, received an award from the Dow Jones Sustainability Index. And is listed in 100 companies on the NASDAQ Global Sustainability Index.
Does Barrick gold produce silver?
According to the official Barrick.com website, the company is currently working on a gold and copper operation. Although the company is engaged in gold, copper, and silver mining, the only information available is gold and copper.
Does Barrick gold produce copper?
Barrick corporation’s copper mines operate in Jabal Sayid Saudi Arabia, Lumwana Zambia, Zaldivar Chile.
Jabal Sayed mine
The Jabal Sayid Mine is northeast of Jeddah about 350 kilometers But it is a 50/50 joint venture between Barrick and Ma’aden. In 2021 it is predicted that it will be able to produce 70 – 80 Million Pounds of copper. Where in 2020 this mine is capable of producing 75 Million Pounds.
Lumwana mine
The Lumwana Mine is west of Solwezi in the Zambia Copperbelt, at a distance of about 100 kilometers to the west.
It is predicted that in 2021 this mine will produce 250-280 Million Pounds, this is far from being predicted for the mine Jabal Sayed mine. In the past 2020, it was able to produce 276 Million Pounds.
Zaldivar mine
The location of the Zaldívar Mine is to the north of Santiago about 1,400 kilometers, and to the southeast of the port city of Antofagasta at a distance of about 196 kilometers.
However, the mine is not fully owned by Barrick but is a 50/50 joint venture with Antofagasta Plc, the mine operator.
In 2021 there are predictions that the Zaldivar mine will be able to generate 90-110 million Pounds. Where the copper mine in 2020 produced 106 Million Pounds.
Is Barrick Gold good company?
in general, this company is a world-class company, which is engaged in gold and copper mining. The company’s performance also depends on the price of gold and copper in the market.
If you look at the current gold price which tends to decline, this is a bad indicator for Barrick, because high mining operations will reduce profits if the gold price is too low.
However, the achievements of Barrick Gold in recent years have been able to generate strong currents in the company. The Barrick Gold Corporation is considered successful in reducing debt burdens and streamlining operating costs.
Barrick gold corporation included a company that is in the top 10 miners worldwide, making Barrick Gold a good company. Even though the pandemic wave hit the world, Barrick Gold proved able to increase dividends by 12.5% in the Q3 2020 report.
Barrick Gold is able to achieve the target of producing 4.8 million ounces of gold by 2020.
How about Copper
Barrick gold also produces copper, and throughout 2020 the price of copper has jumped to its highest level. The demand for copper is increasing and will drive demand for higher prices in the coming years. Usage of Copper almost in the manufacture of solar panels, wind turbines, and electric vehicles.
Does Barrick Gold pay dividends?
Taking data from NASDAQ, that Barrick Gold gives an average annual dividend of $ 0.36 with a yield of 1.77%. The company has a modest dividend history, paying dividends providing benefits to shareholders.
Barrick gold dividend history
Barrick Gold’s accumulated dividend payout is not always the same. Citing to NASDAQ, the highest dividend is $ 1.98 on 18 May 2018. Meanwhile, the lowest dividend payout is $ 0.04 p in 2019. Whereas in 2020, dividends are paid from $ 0.07 to $ 0.09.
Below the dividend of Barrick Gold Corporation take by NASDAQ
NASDAQ
As for data from Street insider, the historical gold dividend starts from 2011 with dividends of $ 0.15 and $ 0.12.
There are fundamental differences in the data presented by SreetIndider. On the information, the dividend amount from StreetInsider averages only $ 0.12.
Barrick gold-stock price
The current Barrick gold-stock price is 20.67, down by 0.21 basis points or around -1.01% with a market cap of 36,893B according to Yahoo Finance.
Barrick gold has an average daily volume of 19,315,691 USD, this is a high amount where investors’ interest in Barrick gold stocks is quite high.
Barrick’s share price in April 2020 was in the range of 19, then rose to level 21 in May. The price then went up and peaked at 30,4600 in September 2020. After that, the price moves in a lower range with a sloping moving average.
The moving average for the past 52 weeks when the press time is moving in the range 18.64 – 31.22. And analysts predict that by the end of 2021 the estimation price will reach 30.96.
Should I buy Barrick gold stock? Perhaps to consider this, it is necessary to know some important information about how Hegde Funds behave in Barrick Gold shares.
According to Investors monkey, hedge funds tend to fluctuate in interest in Barrick Gold shares. In the previous quarter, there was a 2% increase in investment in Barrick gold shares. On the tracking of Barrick Gold shareholders, there is Renaissance Technologies with a valuation of $ 321.9 million. Meanwhile Arrowstreet Capital has a $ 291.7 million position in shares.
The hedge fund’s interest in the Barrick gold corporation provides a floating signal which investors will try to get when the price is in a valley.
Meanwhile, according to Zacks, Barrick Gold Corporation got 3rd place from their assessment, with a VGM score on B. VGM is a metric assessment of stock interest in a particular company. They think Barrick Gold Corporation is worth buying for class B investors, while class F investors tend to be less attractive.
Is Barrick Gold a good investment?
If you look at the history of the current price, Barrick Gold can be said to be undervalued. This allows investors to get low prices for long-term investments.
Barrick Gold’s share price had reached a high above $ 30, and there is a possibility that history will repeat itself. At a price that currently hovers around $ 20, there is still enough potential to hit $ 30 by the end of the year as expected.
You may still need more data to make investment decisions, were looking at the company’s fundamental performance can also have an effect on stock value.
Meanwhile, looking at the type of copper production, the price of copper provides a good signal for the shares of Barrick Gold Corporation.
How high can Barrick gold go?
Barrick gold corporation is a gold and copper company. The value of the shares of this company will also be affected by movements in the price of gold as a result of its production.
According to Yahoo Finance analyst, that the share price of Barrick Gold Corporation could reach $ 30- $ 33 in 2021.
The reason is that this company has strong fundamentals despite the pandemic, but the company’s performance in 2020 gives the expected results.
Even though at the end of the year Barrick gold had dropped by around 24%, investors are still optimistic that the $ 26 target will be achieved this year.
The current price in the range of $ 20 is to be undervalued, which encourages investors to get the best price.
Barrick gold Warren Buffett
Warren Buffet is a leading investor shop in the world, he is a well-known and successful investor. Every announced investment move can boost the stock price in the market.
Warren Buffett bought up shares in the second-largest gold mining company in the world, Barrick Gold Corp.
Buffett “effectively detoxifies gold” when the Berkshire Hathaway conglomerate revealed a $ 564 million stake in the gold company in August 2020.
Warren Buffet buy gold
Warren Buffett bought an additional five million shares of Suncor Energy to increase his position in the Canadian energy sector giant.
Previously, Warren Buffett sold all of his shares in Restaurant Brands International. Lastly, an investor called Oracle of Omaha made a surprising move by investing heavily in Barrick Gold.
This really surprised the analysts because Warren Buffet had no interest in gold before, and this made it seem like he was retracting what he had said.
Did Warren Buffett sell Barrick gold?
When Warren Buffet bought up the shares of the Barrick gold corporation. So many analysts believed that the price of gold would increase significantly.
But the fact is that this is not the case. The price of gold after reaching an all-time high significantly drops. Many investors ended up selling their gold for fear of further depreciation.
No exception Warren Buffet also sold his stake in the Barrick Gold Corporation in the fourth quarter of last year. Citing a report from CNBC.
Final thought
Barrick gold corporation shares are still possible to give back a positive sentiment by the price of gold. Which seems to have started to rise in April 2021.
However, whether it was only a temporary increase or many investors have started buying gold for the long term.
The decline in the price of gold because of the changing investor’s interest in ownership of crypto assets. Because there is a trend difference between Bitcoin instead of gold. When the Bitcoin price tends to rise, the gold price tends to drop.
Would you like to buy shares in the Barrick gold corporation? This article is for the information and opinion of the author only and does not constitute investment advice. Where financial market trading carries a high risk, an investor considers the risks he is ready to bear.
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