Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, gold mining giant Barrick Gold (GOLD 0.36%) has earned a respected four-star ranking.
With that in mind, let's take a closer look at Barrick and see what CAPS investors are saying about the stock right now.
Barrick facts
|
| |
|---|---|
|
Headquarters (founded) |
Toronto (1983) |
|
Market Cap |
$34.2 billion |
|
Industry |
Gold |
|
Trailing-12-Month Revenue |
$14.2 billion |
|
Management |
President/CEO Jamie Sokalsky Vice President/CFO Ammar Al-Joundi |
|
Return on Equity (average, past 3 years) |
16.4% |
|
Cash/Debt |
$2.5 billion / $13.9 billion |
|
Dividend Yield |
2.4% |
|
Competitors |
AngloGold Ashanti (AU 0.23%) Newmont Mining (NEM 4.53%) Rio Tinto (RIO -1.42%) |
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 95% of the 2,161 members who have rated Barrick believe the stock will outperform the S&P 500 going forward.
Earlier today, one of those Fools, All-Star callumturcan, touched on the tailwinds working in Barrick's favor:
If history is any lesson then gold is going up. China wants to increase its reserves (from 1,054.1 metric tons in 2008) tp 6,000 metric tons by 2013 and 10,000 metric tons by 2018, according to state officials. Other nations like Russia, Turkey, and Argentina have also been buying up gold to bulk up their reserves. Plus HSBC see's gold hitting $1,850 an ounce in 2013 and they said it would hit $1,900 by years end. QE and higher levels of demand will force gold prices up, and all gold producers will benefit. Barrick plans to increase gold production levels from 7.5 million ounces now to 8 million by 2014 (with a slight dip in 2013).
If you want market-thumping returns, you need to put together the best portfolio you can. Owning exceptional stocks is a surefire way to secure your financial future. Of course, despite a strong four-star rating, Barrick may not be your top choice.
If that's the case, we've compiled a special free report for investors called "The Tiny Gold Stock Digging Up Massive Profits," which uncovers another small miner with big potential. The report is 100% free, but it won't be around forever, so click here to access it now.
Want to see how well (or not so well) the stocks in this series are performing? Follow the TrackPoisedTo CAPS account.
