Barrick Gold - Storm Protection Uncertainty in the markets | 🚀 Robin Rocket

Barrick Gold - Storm Protection

Uncertainty in the markets about the future prospects for the global economic recovery due to the next wave of COVID-19 disease contributes to an increase in demand for defensive assets, including gold. This trend could have a positive impact on gold mining companies.

Barrick Gold $GOLD is an international mining company that manages gold mining and development projects in the USA, Canada, South America, Australia and Africa.
Target price from Argus Research - $26, upside potential +31%

Company advantages:

• Strong financial performance.
• Stable payment of dividends.
• Uncertainty in the stock market is becoming a catalyst for the rise in gold prices.

Fundamental indicators:
• Market Cap: $34.12 billion
• fwd P/E = 15.59x
• fwd P/E sectors = 13.72x
• PEG = 7.8x

Not an investment recommendation.