Cleveland Rueckert - Barrick Gold Head Relations

ABX Stock  CAD 67.79  1.20  1.74%   

Executive

Cleveland Rueckert is Head Relations of Barrick Gold Corp
Phone416 861 9911
Webhttps://www.barrick.com

Barrick Gold Management Efficiency

The company has return on total asset (ROA) of 0.0893 % which means that it generated a profit of $0.0893 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1535 %, meaning that it generated $0.1535 on every $100 dollars invested by stockholders. Barrick Gold's management efficiency ratios could be used to measure how well Barrick Gold manages its routine affairs as well as how well it operates its assets and liabilities.
Barrick Gold Corp has accumulated 5.26 B in total debt with debt to equity ratio (D/E) of 0.16, which may suggest the company is not taking enough advantage from borrowing. Barrick Gold Corp has a current ratio of 3.87, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Barrick Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Barrick Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Barrick Gold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Barrick to invest in growth at high rates of return. When we think about Barrick Gold's use of debt, we should always consider it together with cash and equity.

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Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada. BARRICK GOLD operates under Metals And Minerals Mining And Exploration classification in Canada and is traded on Toronto Stock Exchange. Barrick Gold Corp (ABX) is traded on Toronto Exchange in Canada and employs 37 people. Barrick Gold is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Barrick Gold Corp Leadership Team

Elected by the shareholders, the Barrick Gold's board of directors comprises two types of representatives: Barrick Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Barrick. The board's role is to monitor Barrick Gold's management team and ensure that shareholders' interests are well served. Barrick Gold's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Barrick Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kevin Thomson, Senior Executive Vice President - Strategic Matters
Poupak Bahamin, General Counsel
Loreto Silva, Independent Director
Leandro Sastre, Vice President - exploration, Latin America and Asia Pacific
Grant Beringer, Group Sustainability Executive
Joseph Heckendorn, Corporate VP
John Thornton, Non-Independent Executive Chairman of the Board
Deni Nicoski, Senior Vice President - Investor Relations
Henri Gonin, Managing Mines
Catherine Raw, Chief Operating Officer, North America
Rodney Quick, Mineral Resource Management and Evaluation Executive
John Steele, Metallurgy, Engineering and Capital Projects Executive
Gustavo Cisneros, Independent Director
Willem Jacobs, Chief Operating Officer, Africa and Middle East
Brian Greenspun, Independent Director
Christopher Coleman, Independent Director
Detlev Veen, Head Safety
Lois Wark, Group Corporate Communications and Investor Relations Executive
Mark Hill, Chief Operating Officer, LATAM and Australia Pacific
Cleveland Rueckert, Head Relations
J Harvey, Lead Independent Director
Aoife McGrath, Vice President - exploration for Africa, Middle East
Mark Bristow, President, Chief Executive Officer, Director
George Joannou, Chief Officer
Greg Walker, Senior Vice President - Operational and Technical Excellence
Mark BEng, Chief Pacific
Sebastiaan Bock, Chief East
John Ruggie, Special Consultant
Christine Keener, Chief America
Mike Estes, Chief Nevada
J Evans, Independent Director
Dennis Bristow, CEO and President
Rousseau Jooste, Capital Engineering
Graham Shuttleworth, Chief Financial Officer, Senior Executive Vice President
Darian Rich, Executive VP of Talent Management
Robert Krcmarov, Executive Vice President - Exploration and Growth
Andrew Quinn, Independent Director

Barrick Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Barrick Gold a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Barrick Gold

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Barrick Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Barrick Gold will appreciate offsetting losses from the drop in the long position's value.

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Moving against Barrick Stock

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The ability to find closely correlated positions to Barrick Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Barrick Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Barrick Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Barrick Gold Corp to buy it.
The correlation of Barrick Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Barrick Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barrick Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Barrick Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Barrick Stock

Barrick Gold financial ratios help investors to determine whether Barrick Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Barrick with respect to the benefits of owning Barrick Gold security.