AllAnalyst Report
logoMorningstarApril 05, 2021

Barrick Gold Corporation: Barrick Announces $750 Million Special Distribution After Solid Q4, but Shares Slightly Pricey

Symbols
GOLD
Sector(s)
Basic Materials
Rating
Current Price
$24.04
Fair Value
Economic Moat
Stewardship
Summary

Based in Toronto, Barrick Gold is one of the world's largest gold producers, operating mines in North America, South America, Australia, and Africa. In 2020, the firm produced nearly 4.8 million attributable ounces of gold and nearly 460 million pounds of copper. As of Dec. 31, 2020, Barrick had 68 million ounces and 13 billion pounds of proven and probable gold and copper reserves, respectively.

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Analyst Profile

Kristoffer Inton

Director
Kristoffer Inton is director of equity research, basic materials for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers gold, aggregates and cement, and uranium companies.Before joining Morningstar in 2013, Inton was an investment banking associate for Guggenheim Securities in New York. Previously, he was an investment banking analyst for Merrill Lynch in Chicago and New York.Inton holds a bachelor’s degree in finance with high honors from the University of Illinois and a master’s degree in business administration with distinction from Northwestern University’s Kellogg School of Management.