Canadian stock alert

CANA

CLOSING UPDATE: Barrick Gold increases further 1.2% 15 January 2018 18:23 EST

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Barrick Gold, Canada's largest metals & mining company by market capitalisation, traded on volume of 0.7 times average today while the price lifted 61.0c (or 3.2%) to trade at CAD19.49. Compared with the S&P/TSX 60 Index which rose 2.6 points (or 0.3%) in the day, this represented a relative price increase of 3.0%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.18 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price jumped 6.6% in the last week and 7.5% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Price/Earnings of 8.8 [16.8]

+ Return on Equity 13.4% [5.2%]

+ Return on Assets 3.4% [1.1%]

+ Return on Capital Employed 10.9% [2.5%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 13.2%.

+ Tobin's Q Ratio is 0.7. Compared with the rest of the market the stock is undervalued.

+ As per the Du Pont analysis, Return on Equity of 13.4% is better than sector average of 5.2%.

Note

Barrick Gold today is at a discount of 28.1% to the 12-month high of CAD27.09 on 17 Feb, 2017. It is at a premium of 14.2% to the 12-month low of CAD17.07 on 07 Dec, 2017.

Bearish Signals:

The stock has underperformed 72% 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.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Sales of 2.1 [1.7]

Price to Book of 2.9 [1.1]

TODAY'S ALERTS

Afternoon Alert: Barrick Gold lifts 2.0% on firm volume

15 January 2018 14:45 EST

Barrick Gold Corporation (TSX:ABX) traded on heavy volume of 1.1 times average so far today while the price lifted 38.0c (or 2.0%) to trade at CAD19.26.

Afternoon Alert: Barrick Gold lifts 2.1% on firm volume

15 January 2018 12:15 EST

Barrick Gold Corporation (TSX:ABX) traded on heavy volume of 1.2 times average so far today while the price lifted 39.0c (or 2.1%) to trade at CAD19.27.

RECENT ALERTS

CLOSING UPDATE: Barrick Gold keeps rising: up 4.1% in 3 days

12 January 2018 18:21 EST

Barrick Gold, Canada's largest metals & mining company by market capitalisation, extended its gains on Friday, rising an additional 52.0c (or 2.8%) to trade at CAD18.88. Trading volume was 87% of average at the end of the day. The shares have risen 74.0c (or 4.1%) over the past three trading days vs. the S&P/TSX 60 Index which has fallen 0.1% in the same period.

Afternoon Alert: Barrick Gold lifts 2.4% on firm volume

12 January 2018 14:45 EST

Barrick Gold Corporation (TSX:ABX) traded on heavy volume of 1.3 times average so far today while the price lifted 44.0c (or 2.4%) to trade at CAD18.80.

Barrick Gold Corporation (T:ABX; TSE:ABX; N:ABX; CN:ABX)

ISIN: CA0679011084

PermID: 4295861475

CIK: Barrick Gold Corporation

Source: www.BuySellSignals.com