Barrick Gold Corp
GOLD: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $85.10 | Hgqzl | Syttbmbl |
Barrick Gold's FVE Modestly Raised by 2%; Shares Undervalued
Business Strategy and Outlook
Barrick Gold is the world’s second largest gold miner by production, operating mines in 19 countries in the Americas, Africa, the Middle East, and Asia. Its large portfolio of mines is a result of the 2019 acquisition of Randgold and the combination of its crown jewel Nevada assets with Newmont in a joint venture called Nevada Gold Mines, or NGM, that same year. With Barrick the operator and owning 61.5% of the partnership, NGM has been able to reduce costs given the proximity of mines owned by the joint venture.