 |
|
|
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Course 409: Hard-Asset Stocks | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Has Barrick Capitalized on Its Natural Endowments? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Barrick has consistently been more profitable than the average gold-mining company, with returns on shareholders' investment (ROEs) generally in the industry's top half. And the composition of those returns is especially encouraging. Barrick has built its returns on profits--not financial leverage, which increases the risk of a balance-sheet blowup when times are tough.
Next: What about Growth? >> | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
||
|
||
|
|
|
|
||
| Learn how to invest like a pro with Morningstar’s Investment Workbooks (John Wiley & Sons, 2004, 2005), available at online bookstores. | ||
|
||
| © Copyright 2015 Morningstar, Inc. All rights reserved. Please read our Privacy Policy. If you have questions or comments please contact Morningstar. |
||
