Canadian stock alert

CANA

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.

Note

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.

Bullish Signals:

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:

Undervaluation:

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%]

TODAY'S ALERTS

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)

ISIN: CA0679011084

PermID: 4295861475

CIK: Barrick Gold Corporation

Source: www.BuySellSignals.com