Barrick’s shares are down more than a third from their summer high at around $ 20 and are looking cheap. They are changing hands for 15 times projected earnings of $ 1.33 per share in 2021 and a return of 1.8%. Barrick and other major gold miners trade cheap relative to their history and gold, despite being better managed than ever before. Barrick is led by South African geologist and big game hunter Mark Bristow and has an impressive mining portfolio.
This article originally appeared on finance.yahoo.com