Barrick Gold (ABX.TO)

Materials · TSX · Canada

C$50.44-13.95% today

Fundamentals

Market capC$86.96B

P/E ratio10.1

Dividend yield1.88%

Revenue growth (YoY)+66.7%

Profit margin32.1%

Return on equity25.2%

52-week rangeC$28.22 to C$74.00

Next earnings2026-08-10

Valuation and ratings

DCF fair valueC$114.18

Upside to fair value+126.4%

Analyst target (mean)C$71.61

Analyst rangeC$31.70 to C$98.22

Analysts covering12

Consensus viewbuy

Moat score88/100

Overall rating86/100, Strong Buy

Barrick Gold trades at C$50.44, which is 126% below the C$114.18 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.

Our moat model scores it 88 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.

It changes hands at 10.1 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.

About Barrick Gold

Barrick Mining Corporation engages in the exploration, development, production, and sale of mineral properties. It explores for gold, copper, silver, and energy materials. The company was formerly known as Barrick Gold Corporation and changed its name to Barrick Mining Corporation in May 2025. Barrick Mining Corporation was founded in 1983 and is based in Toronto, Canada.

Industry: GoldHQ: Canada

ABX.TO passes 6 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Undervalued on cash flow

Companies trading at least 25% below what our discounted cash flow model says the future cash is worth today.

Quality at a fair price

Good businesses, not cheap ones. A wide moat and a strong rating, at a multiple that has not run away.

Wide moat compounders

Businesses with a structural reason competitors cannot take their profits away. The rarest and most valuable thing in investing.

Deep value, with a pulse

A very low earnings multiple is usually a warning. This screen demands a low multiple AND evidence the business still works.

High return on equity, low debt

A high ROE is easy to fake with borrowing. This screen demands the return without the leverage, which is a much shorter list.

Fortress balance sheets

Companies that owe almost nothing. They will survive things that kill their competitors, and they can buy the wreckage afterwards.

Common questions

Is Barrick Gold (ABX.TO) undervalued?

Against our discounted cash flow estimate of C$114.18, ABX.TO at C$50.44 is 126% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.

What is ABX.TO's P/E ratio?

ABX.TO trades at 10.1 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.

The full research page for ABX.TO, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.

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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.