Barrick Gold Trading Cheaper Than Industry: Time to Buy the Stock?

Barrick Gold Corporation’s (GOLD) stock is currently trading at a forward price/earnings of 10.38X, a roughly 27.3% discount to the Zacks Mining – Gold industry’s average of 14.27X. It also has a Value Score of A. GOLD is also trading at a discount to Newmont Corporation (NEM) , Agnico Eagle Mines Limited (AEM) and Kinross Gold Corporation (KGC) .  GOLD’s P/E F12M Vs. Industry, NEM, AEM & KGC Image Source: Zacks Investment ResearchTechnical indicators show that GOLD is currently trading below its 50-day sim ...