Barrick Gold Stock Trading Cheaper Than Industry: Buy or Hold?
Barrick(GOLD) ZACKS·2024-10-05 04:01
Barrick Gold Corporation's (GOLD) stock looks attractive from a valuation perspective. GOLD is currently trading at a forward price/earnings of 12.68X, a roughly 17.7% discount when stacked up with the industry average of 15.41X. It also has a Value Score of A. GOLD is currently trading at a roughly 6% discount to its 52-week high of $21.21, reached on Sept. 26, 2024, as gold prices catapulted to an all-time high on monetary policy easing and heightened geopolitical tensions. Barrick's cheap valuation shoul ...