Barrick Gold Corporation (TSX:ABX) – profile & key information

Core Insights - Barrick Gold Corporation is a leading global producer of precious metals, primarily gold, with a growing focus on copper, positioning it as a key player in both precious and base metal cycles [1][2][6] - The company operates active mines across four continents, which mitigates jurisdictional risks and exposes it to diverse political and geological environments [2][8] - Barrick's production in 2024 is projected to be nearly 3.9 million ounces of gold and approximately 430 million pounds of copper, supported by two decades of gold reserves [3][17] Company Overview - Barrick Gold Corporation is headquartered in Toronto, Ontario, and is listed on the Toronto Stock Exchange under the ticker ABX [4][44] - The company employs a mix of conventional open-pit and underground mining, along with processing and exploration initiatives [4][8] - Strategic transactions, such as the acquisition of Randgold and joint ventures in Nevada, have enhanced Barrick's asset mix and operational capabilities [4][23] Financial Metrics - As of the latest figures, Barrick's market capitalization is approximately 48.45 billion CAD, with quarterly revenue of around 3.68 billion CAD and net income of 811 million CAD [9][11][17] - The company reported an annual EBITDA of roughly 7.07 billion CAD, with an EBITDA margin of about 19.99%, indicating strong cash flow generation [10][11] - The most recent quarterly earnings per share (EPS) was approximately CAD 0.47, with consensus estimates for the next quarter around CAD 0.60 [11][18] Dividend Policy - Barrick pays quarterly dividends, with the most recent distribution at CAD 0.40 per share, resulting in a trailing twelve-month dividend yield of approximately 1.06% [12][18] - Dividend coverage is influenced by operating cash flow and capital allocation decisions, balancing shareholder returns with reinvestment opportunities [12][15] Market Position - Barrick is a significant component of Canadian capital markets, included in major indices such as the S&P/TSX Composite and S&P/TSX 60, which enhances its visibility among institutional investors [37][40] - The company's liquidity profile is robust, supported by broad institutional ownership and extensive analyst coverage [41][43] Growth Drivers - Key growth drivers for Barrick include the development of copper projects, particularly the Reko Diq project, exploration for reserve replacement, and operational efficiency improvements [49] - Strategic joint ventures and mergers and acquisitions are also expected to enhance production and reserve profiles [49][30]