Published on 8 Dec 2022 on Simply Wall St. via Yahoo Finance
Barrick Gold Corporation's (TSE:ABX) Stock Has Seen Strong Momentum: Does That Call For Deeper Study...
Most readers would already be aware that Barrick Gold's (TSE:ABX) stock increased significantly by 17% over the past month. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. Specifically, we decided to study Barrick Gold's ROE in this article.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
Check out our latest analysis for Barrick Gold