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WPM - Barrick: Lower Than Its 2011 Peak And Not Underpriced But Still A Buy
Wheaton Precious Metals Corp
2024-04-23 18:15:16 ET
Summary
Barrick Gold stock has fallen significantly since its record high in 2011, despite gold prices being near record highs.
Gold itself outperformed broader stock markets this century, making it a great investment, which I expect will continue to be the case.
The case for Barrick stock to reverse its more than decade-old trend of underperformance relative to gold hinges on being able to increase gold production while keeping production costs under control.