Is This the Best Gold Stock?

[View in browser]( [The Spill Logo] BROUGHT TO YOU BY: [Logo]( Proprietary Data Insights Financial Pros’ Top Gold Stock Searches in the Last Month Rank Ticker Name Searches #1 [GOLD]( Barrick Gold Corp 30 #2 [NEM]( Newmont Mining Corp 7 #3 [BTG]( B2Gold Corp 2 #4 [AEM]( Agnico-Eagle Mines Ltd 1 #5 [CDE]( Coeur Mining Inc 1 #ad [Making Sense Of Your Money With The Juice]( Brought to you by [Investors Alley]( [Get this Bitcoin ETF before July 29]( [Investors Alley - Get this Bitcoin ETF before July 29]( This is your FINAL countdown to a $2.05 per share dividend on July 29th from this new Bitcoin ETF we found. This high-growth ETF is the #1 way to collect monthly income from Bitcoin without owning a single coin — and that's not all... It's up 5.62% since its latest announcement... And it's paying out a dividend that's 161% BIGGER than the highest-yielding aristocrats! Plus, it's still flying under the radar, which means... shares are CHEAP right now. 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Barrick Gold’s Business Since 1983, this Canadian multinational has grown to become one of the largest gold miners in the world, operating across 13 countries. Barrick Gold manages mining assets, including six Tier One gold mines and several high-potential copper projects. [Portfolio] [Source: Barrick May 2024 Investor Presentation]( So, what’s causing the underperformance? Take a look a the following chart: [Results] [Source: Barrick Q1 Investor Presentation]( Barrick produced less gold at a higher cost. It’s as simple as that. However, the drop in production and increase in costs were expected and in line with management’s expectations. They have been quietly beefing up its reserves, replacing what it digs out year after year without resorting to pricey acquisitions. With projects like Reko Diq and Fourmile waiting in the wings, Barrick's gold is looking to add 12.5 million ounces to its reserves, or an increase of 16%. Meanwhile, its copper production is poised to double by 2029, riding the wave of green energy demand. So, really, the latest underperformance is a matter of unfortunate timing rather than a sign of a poor business. Financials [Financials] Source: Stock Analysis Barrick hasn’t been without its share of problems. Revenues have stagnated since 2020, when they got a lift from surging gold prices. Gross margins have held largely flat, while free cash flow margin has fallen markedly since its peak in 2020. Despite the variability in margins, cash flow remains stable, allowing the company to pay its 2.3% dividend yield comfortably. Plus, it carriers very little debt, which it has continued to reduce over the years. Valuation [Valuation] Source: Seeking Alpha Barrick is probably the most conservative play amongst gold miners. It trades at just 15x forward earnings, making it the second cheapest to B2G Gold (BTG). The sane golds true on price-to-cash flow. At 1.3x, its also the cheapest in terms of price-to-book value, which is largely made up of the company’s gold mines. Growth [Growth] Source: Seeking Alpha While cheap, Barrick has not posted the same revenue growth as its peers over the past 3-5 years. It's only looking forward that it finally breaking above the double-digit level, putting it in line with Newmont Mining (NEM) and the rest, but still in last place. Profitability [Profit] Source: Seeking Alpha Interestingly, B2G and Agnico-Eagle Mining (AEM) run significantly higher gross margins than the rest. However, that doesn’t always translate to higher net income or free cash flow. In fact, Barrick’s net income margin trounces all its peers, indicating its long-term profitability focus. [Top 7 Best Stocks to Buy in Summer]( Summer is here! I would like to give you a special report that could help boost your portfolio this summer (and beyond). It’s called 7 Best Stocks to Own in Summer 2024. These are companies that not only thrive in the summer but are capable of generating juicy returns throughout the year. To get it, just click the link below… but don’t dally, this is a limited-time offer. [Get Your Copy of "7 Best Stocks to Own in Summer 2024" Here.]([Ad] Our Opinion 6/10 While everything looks good on paper, Barrick’s inability to drive higher revenues and production along with better cash flows is concerning. We can’t determine whether their current efforts to rebuild reserves will deliver better returns down the road. However, we feel owning gold directly through an ETF is a better way to play the price of the yellow metal than through this miner. 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