NEM - Barrick Gold: Exceptional Profitability And Attractive Valuation

2024-06-04 10:24:08 ET

Summary

• Gold prices continue to rise due to geopolitical uncertainties, making prominent industry players like Barrick Gold worth paying attention to.
• I think Barrick Gold is attractive due to its strong operational performance, healthy balance sheet, and focus on the most attractive assets.
• In my analysis, I compare how Barrick Gold looks against the world's largest gold mining company, Newmont Corporation. Barrick Gold performs better across most crucial criteria.
• The demand for gold is likely to remain high due to ongoing wars and geopolitical tensions, benefiting Barrick Gold.

My thesis

Gold prices continue breaking new record highs in 2024 as geopolitical uncertainties mount, and I want to capitalize on this trend. Barrick Gold ( GOLD ) looks like a Strong Buy opportunity to get high-quality exposure to booming gold prices....

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