Should I Buy Barrick Gold (GOLD)? Finance YouTuber Analysis

The analyst expects Barrick to experience a short-term bounce following a potential gold price rebound. This bounce should be used as an opportunity to short the stock, as the long-term outlook for gold and silver miners remains bearish, with further significant downside expected into their final buying zones.

“Wir werden diese berechnen und werden Positionen hinterlegen, sodass man dann von dort aus die Bewegung in die finale Zielzone reinschorten kann.”

The YouTuber suggests Barrick Mining Corporation as a potential buy for short-term investors due to its strong financial health, high return on invested capital, and significant growth in earnings per share, indicating strong demand for gold. They note it's currently trading at a P/E of 17.98, which is below its historical average, and analysts expect a slight correction, but the current market momentum for gold could drive it higher. However, they caution that mining stocks are more volatile than gold itself and are not suitable for long-term investors.

“Mi opinión es que en momentos de euforia que el oro está subiendo y se prevé que va a seguir subiendo, por lo que hemos dicho, esa deuda que no para de crecer, esa desconfianza en las monedas Fiat, pues invertir en una manera que puede estar infravalorada puede estar muy bien porque vamos a multiplicar más.”

The YouTuber suggests Barrick Gold as an inflation hedge, noting gold's rising price and the company's strong profit margins due to low all-in sustaining costs. Expected significant earnings growth and a low forecasted payout ratio suggest a future dividend boost, building on its history of doubling dividends over the last five years.

“Needless to say I see a big dividend boost in its future and in fact baric has doubled the dividend over the last 5 years that's almost a 15% annual increase three times the rate of inflation.”

The YouTuber views Barrick Gold as a favorable safety bet, expecting strong earnings growth (29%) and revenue growth (19%) for the last quarter. He believes the market has not yet priced in the upside for gold miners, and Barrick is well-positioned to leverage sustained gold prices for higher returns.

“I still don't think the market is priced in the upside for the gold miners which shares a Barrack up just 19% over the last year versus a 38% run in the price of gold now baric should be able to leverage a sustained price of gold into even higher returns and the stock is one of my favorite safety bets right now.”

The analyst recommends buying Barrick Gold, a major gold miner, as a way to invest in the anticipated gold super cycle driven by China's strategic gold accumulation. He prefers miners over physical gold because they offer a dividend yield while waiting for gold prices to rise, unlike physical gold which yields nothing.

“This is a Barrett gold ticker Geo LD you've also got the broader the broader miners like the van Eck gold miners ETF that sticker GDX any of these are going to pay you that dividend yield while you wait while you wait on those gold prices to spike higher unlike the physical gold itself which is going to pay nothing.”