Barrick Mining Corp (B) is undervalued and Gold Fields Ltd ADR (GFI) is undervalued.
Against our estimates of intrinsic value, GFI trades at the wider discount: a margin of safety of +65%, against +49% for B.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.6% (average of 3 methods) values the shares at $86.47; the price of $43.88 is 49% below that value, and 81% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
Discounting its cash flows at 8.7% (average of 3 methods) values the shares at $121.29; the price of $42.96 is 65% below that value, and 78% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
| Metric | B | GFI |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $43.88 | $42.96 |
| Intrinsic value | $86.47 | $121.29 |
| Margin of safety | +49% | +65% |
| Leak Score | 100/100 (3/12) | 100/100 (3/12) |
| Market cap | $72.2B | $38.5B |
| Revenue growth, 5 years | 6.1% | 17.7% |
| Operating margin | 52.2% | 52.6% |
| Net margin | 31.6% | 39.2% |
| Return on equity | 25.0% | 58.8% |
| Debt to equity | 0.17 | 0.29 |
| P/E | 11.3x | 8.8x |
| Forward P/E | 10.8x | 8.4x |
| P/B | 2.6x | 4.3x |
| Dividend yield | 2.4% | 5.2% |