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  5. ABX: Good morning, ABX has paid off all its Debt, cash is building up, excellent CEO, its cheap, but the stock is down 36% the last year. [Barrick Gold Corporation]
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Q: Good morning,

ABX has paid off all its Debt, cash is building up, excellent CEO, its cheap, but the stock is down 36% the last year. What is your view of ABX today ?

Thanks,
George

Asked by George on July 29, 2021
5i Research Answer:

We like it a bit more than a few years ago. The sector has not done much, but ABX is cheap, and is producing huge free cash flow right now. We would expect more acquisitions, and some EPS is still expected. While not 'high growth', it offers sector investors an OK (and growing) dividend and exposure to a nice stable large cap producer at 17X earnings.