Canadian stock alert
CLOSING UPDATE: Barrick Gold recovers 0.7% on strong volume 15 June 2018 18:16 EDT
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 2nd largest metals & mining company by market capitalisation, traded on heavy volume of 3.3 times average today while the price dropped 35.0c (or 2.0%) to trade at CAD16.90. Compared with the S&P/TSX 60 Index which fell 1.4 points (or 0.1%) in the day, this represented a relative price change of -1.9%.
Technical indicators complementing today's significant downtrend:
+ The negative 0.05 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
Barrick Gold today is at a discount of 25.2% to the 12-month high of CAD22.60 on 05 Sep, 2017. It is at a premium of 18.8% to the 12-month low of CAD14.23 on 01 Mar, 2018.
The stock has underperformed 61% of the Canadian market over the past 6 months.
Total Liabilities/EBITDA of 4.1 is less than the Joseph Piotroski benchmark of <5.
Tobin's Q Ratio is 0.6. Compared with the rest of the market the stock is undervalued.
As per the Du Pont analysis, Return on Equity of 17.2% is better than sector average of 4.3%.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Dividend yield of 1.1% [0.7%]
Return on Equity 17.2% [4.3%]
Return on Assets 6% [1.2%]
Return on Capital Employed 14.6% [4.5%]
Afternoon Alert: Barrick Gold drops 2.7% on strong volume
15 June 2018 14:44 EDT
Barrick Gold Corporation (TSX:ABX) traded on heavy volume of 2.8 times average so far today while the price dropped 46.0c (or 2.7%) to trade at CAD16.79.
Afternoon Alert: Barrick Gold drops 2.5% on strong volume
15 June 2018 12:14 EDT
Barrick Gold Corporation (TSX:ABX) traded on heavy volume of 3.1 times average so far today while the price dropped 43.0c (or 2.5%) to trade at CAD16.82.
Barrick Gold Corporation (T:ABX; TSE:ABX; N:ABX; CN:ABX)
CIK: Barrick Gold Corporation