# Barrick Gold Corporation (ABX.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$61.92, market value C$101.9 billion.

## Valuation
- **P/E (trailing): 11.6×** (5-yr avg 36.1×, 3-yr avg 23.0×). Barrick Gold Corporation trades at 11.6× trailing earnings, well below its own five-year average of 36.1×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 10.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.07**. A PEG of 0.07 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 3.6×**. Each dollar of revenue is priced at 3.6×.
- **Price / book: 2.7×**. The shares trade at 2.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.1×**. Enterprise value is 5.1× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 7.3%** (5-yr avg 3.1%). Free cash flow equals 7.3% of the market value, above its five-year average of 3.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 8.7%**. The inverse of the P/E: 8.7% of the price is earned each year.

## Profitability
- **Gross margin: 54.5%**. Barrick Gold Corporation keeps 54.5% of revenue after the direct cost of what it sells.
- **Operating margin: 52.3%**. 52.3% of revenue is left after running the business, an exceptional level.
- **Net margin: 29.6%**. 29.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 19.2%**. 19.2% on shareholders' equity is solid.
- **Return on invested capital: 34.1%**. Return on all capital, debt included, is 34.1%: comfortably above what that capital costs.
- **Return on assets: 12.6%**. Each dollar of assets produces 12.6% of profit.

## Growth
- **Revenue growth (1 yr): 32.7%** (3-yr 15.9%/yr, 5-yr 6.4%/yr). Revenue grew 32.7% over the last year, against 6.4% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 144.3%** (3-yr 134.9%/yr, 5-yr 17.9%/yr). Earnings per share rose 144.3%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 113.3%/yr**. Free cash flow has compounded at 113.3% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.18**. Debt is 0.18 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Barrick Gold Corporation holds more cash than debt.
- **Interest coverage: 35.0×**. Operating profit covers interest 35.0× over, a safe margin.
- **Current ratio: 2.92** (quick 2.33). Current assets cover the next year's liabilities 2.92 times.
- **Altman Z-score: 5.64**. A Z-score of 5.64 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 9/9**. 9 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 1.57%** (C$0.97 per share, trailing). Barrick Gold Corporation yields 1.57%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 18%** (28% of free cash flow). 18% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 12.3%/yr** (1-yr 34.2%). The dividend has compounded at 12.3% a year over five years, doubling roughly every 6 years at that pace.
- **Shareholder yield: 4.7%**. Dividends plus net buybacks return 4.7% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (12 analysts). 12 analysts cover Barrick Gold Corporation; the consensus is buy, with an average price target of C$65.09 (+5% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 67.2%** (YTD 4.9%, 3-mo 12.8%). The shares are up 67.2% over twelve months including dividends.
- **From 52-week high: -16.3%** (58.6% above the low). Trading 16% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 2.63** (volatility 49%). Beta of 2.63 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ABX.TO · Page: https://foliofundamentals.com/stocks/abx.to

Not investment advice.