Barrick Mining: How To Profit From Gold Without Owning A Single Ounce

James Hires250 FollowersFollow5ShareSavePlay(11min)CommentsSummaryBarrick Mining Corporation has surged 170% in the past year, outperforming gold’s 83% rally, and remains attractively valued.Gold’s ongoing bull run is fueled by persistent inflation, geopolitical tensions, central bank demand, and currency hedging, supporting a bullish outlook.Barrick’s all-in sustaining cost of $1,581/oz versus gold at $5,200/oz drives a robust 29% net margin and record cash flows.I project a $60 price target for Barrick, a 20% upside, with a forward PEG of 0.30 signaling undervaluation. wildpixel/iStock via Getty Images Gold has been on a spectacular bull run over the past year, surging 83% from the roughly $2,800 per ounce it was last February to just under $5,200 as I write this. It makes me wish I had bought someThis article was written byJames Hires250 FollowersFollowI’m just one man with a Robinhood account, a laptop, and seven years’ experience as a financial analyst, journalist, and writer, looking to demystify the stock market for the everyday investor. I’m also a contributing analyst over at The Motley Fool and you can check out more of my analysis there if you’re so inclined. I like a good value and favor a conservative steady-growth portfolio strategy. My interests are primarily the energy, tech, and industrial sectors but I will write about anything that strikes my fancy. Follow me on X for updates and my other writing projects.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.