Canadian stock alert
Afternoon Alert: Barrick Gold keeps sliding: down 8.0% in 3 days 18 January 2018 12:16 EST
NEWS BITES - NORTH AMERICA
Barrick Gold Corporation (TSX:ABX) extended its slide on Thursday, shedding an additional 23.0c (or 1.3%) to trade at CAD17.94. Trading volume was 1.1 times average so far today. The shares have fallen CAD1.55 (or 8.0%) over the past three trading days vs. the S&P/TSX 60 Index which has fallen 0.2% in the same period.
SECTION 1: The past week
Current indications of bearish signals that support the trend in the unusual trading
1.1 At a glance
Weekly: Barrick Gold put call ratio increases 0.6%, stock decreases 0.6% January 17, 2018 17:00 EST
Barrick Gold Corporation (TSX:ABX), Canada's largest Metals & Mining company by market cap, has decreased 11.0c (or 0.6%) in the past week to close at CAD18.17. Open interest contracts on exchange traded options included 18,666 put contracts and 25,967 call contracts. The put:call ratio was 0.7, up 0.6% for the week. The increase is a bearish indicator. Compared with the S&P/TSX 60 Index which rose 3.9 points (or 0.4%) in the week, this represented a relative price change of -1.0%. In the past week the market cap has declined CAD128.3 million.
SECTION 2: Technical indicators
The 5.1% premium to 12-month low of CAD17.07 against the 33.8% discount to high of CAD27.09 suggests the stock continues to push for new lows.
The stock has underperformed 87% of the Canadian market over the past 6 months.
In the last three months the stock has hit a new 52-week low eight times, pointing to a significant downtrend.
The price dropped 2.3% in the last week and 2.7% in the last month.
The present value of CAD1,000 invested one year ago is CAD813 [vs CAD1,063 for the S&P/TSX 60 Index], including a capital loss of CAD192 and dividend reinvested of CAD6. The total return to shareholders for 1 year is -18.6%.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Price/Earnings of 8.1 [16.3]
Dividend yield of 0.9% [0.8%]
Return on Equity 13.4% [5.2%]
Return on Assets 3.4% [1.1%]
Return on Capital Employed 10.9% [2.5%]
Price/Sales of 2 [1.6]
Price to Book of 2.7 [1.0]
The positive 0.07 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are rising - another bullish signal. In the past week, the stock's MACD has been positive every day, a reinforcing bullish signal.
SECTION 3: Ranking
|Description||Value||Rank In Market|
|MCap $US billion||16.8||In Top 4%|
|52-week Range (in CAD)||17.1-27.1|
|1-month Range (in CAD)||17.9-19.5|
SECTION 4: Earnings
FY2016 Annual Report: Barrick Gold Revenue down 5.2%
Barrick Gold (TSX:ABX) reported total revenue for the year-ended 31 December 2016 of $US8.6b, down 5.2% from $US9.0b in the previous year.
Major changes compared with previous year:
- Cost of Goods Sold to Sales down from 76.5% to 63.2%
- Debt to Equity down 28.1% from 1.4 to 1.0
- Cash to Total Assets up from 9.3% to 9.5%
- Net tangible assets per share up 13.7% from $US4.75 to $US5.4
- Sales revenue down 5.2% from $US9.0b to $US8.6b
- Administration expenses to Sales up from 2.6% to 3%
- Current ratio down 9.5% from 3.0 to 2.7
- Working capital to total assets down from 13.8% to 12.1%
- Total current assets to Total Assets down from 20.8% to 19.3%
- Total Liabilities to EBITDA of 8.4 compares unfavourably with the Joseph Piotroski benchmark of less than 5
- Total Liabilities to Operating Cash Flow of 5.7 compares unfavourably with the Joseph Piotroski benchmark of less than 4. However, it has improved by 6.1% from the previous year's ratio of 6.0.
- Total revenue to total assets steady at 0.3
- Total liabilities to Total assets steady at 0.6
- Total non-current assets to Total Assets up from 79.2% to 80.7%
- Fixed Assets to Total Assets up from 54.9% to 55.8%
- Current Inventory to Total Assets up from 6.5% to 7.6%
SECTION 5: Recent News of Barrick Gold
January 16: Barrick Reports Preliminary Full Year and Fourth Quarter Production Results
All amounts expressed in U.S. dollars
TORONTO, Jan. 16, 2018 -- Barrick Gold Corporation (NYSE:ABX) (TSX:ABX) ("Barrick" or the "Company") today announced preliminary full year gold production of 5.32 million ounces for 2017, in line with the Company's adjusted guidance of 5.30-5.50 million ounces, and preliminary full year gold sales of 5.30 million ounces.
January 12: S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
TORONTO, Jan. 12, 2018
Results of the Quarterly Review of the S&P/TSX Composite Buyback and Shareholder Yield Indices
TORONTO, Jan. 12, 2018 /CNW/ - S&P Dow Jones Indices Canadian Index Operations announces the following index changes as a result of the quarterly S&P/TSX Composite Shareholder Yield and the S&P/TSX Composite Buyback Indices Reviews.
January 11: Barrick to Report Fourth Quarter 2017 Results on February 14 and Will Hold 2018 Investor Day Webcast on February 22
TORONTO, Jan. 11, 2018 -- Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) will release its Fourth Quarter 2017 Results on February 14, 2018, followed by a conference call and webcast on February 15 at 8:00 am ET.
Source: TMX Group
December 01 2017: Barrick Announces Investment in Reunion Gold Corporation
TORONTO, ONTARIO--(Marketwired - Dec. 1, 2017) -
All amounts expressed in Canadian dollars unless otherwise indicated
Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) ("Barrick") announced today that it has acquired 48,000,000 common shares of Reunion Gold Corporation (TSX VENTURE:RGD) ("Reunion") in a non-brokered private placement at a price of $0.19 per share for total consideration of $9,120,000.
Barrick Gold Corporation (T:ABX; TSE:ABX; N:ABX; CN:ABX)
CIK: Barrick Gold Corporation