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Compared to other companies, not miners, does Barrick seem like a good investment? It just seems to me that ABX is incredibly cheap for its size and value, its money making abilities, and it’s inevitable one day to triple in stock value for those who will be patient. Am I being delusional? I can’t figure out why it’s so stinkin’ low.
USUALLY, a mature company’s stock price reflects FCF.
Its down by two thirds off its highs of two years ago?
And still dropping.
https://ycharts.com/companies/ABX/free_cash_flow_ttm
When will it turn up?
And if its value depends on something else, what is that?
Yikes!
If u have been regular reader here you would know the answer to your own ???
Gol miners valuation is at historic low. Since 1966 value given to miners has been declining and is in bear trend.
Key indicator is the Silver to gold ratio. When this ratio goes up risk is on in PM. Thus ratio of Miners to gold rises.
These bot ratios have been in bear trend since 1966. yet price of gold has been in bullish trend since 1999.
Search BGMI to miner ratio on this site.
Till these two ratio tuen miners investment will be dead.
Thanks Bikoo!I can’t win with this market. The few non-miner companies I invested in at the beginning of the year have all lost their value as well in the past few weeks of Hell. Bad timing.