The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Mark Bristow, CEO of Barrick Gold (GOLD), talks about his company's role in the "long game" of the mining industry. He urges investors to have gold in your portfolio, and notes copper is as "strategic as gold is precious.
GOLD benefits from higher average realized gold prices amid lower production and increased costs in Q3.
Barrick Gold Corporation (NYSE:GOLD ) Q3 2024 Results Conference Call November 7, 2024 11:00 AM ET Company Participants Mark Bristow - President and Chief Executive Officer Graham Shuttleworth - Senior Executive Vice-President, Chief Financial Officer Simon Jimenez - Chief Advisor, Strategy & Human Rights John Steele - Metallurgy, Engineering and Capital Projects Executive Simon Bottoms - Mineral Resource Management and Evaluation Executive Conference Call Participants Daniel Major - UBS Alan Spence - BNP Paribas Lawson Winder - Bank of America Securities Anita Soni - CIBC World Markets Tanya Jakusconek - Scotiabank Operator Ladies and gentlemen, thank you for standing by. This is the event operator.
Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) reported a solid performance in its third quarter, with free cash flow growing by 30% sequentially to $444 million, beating analysts' estimates. Adjusted earnings per share (EPS) for the quarter came in at $0.30, surpassing Barrick's internal forecast of $0.29 but narrowly missing consensus estimates of $0.31.
GOLD presents a compelling investment case with a strong pipeline of projects, solid financials, rallying gold prices and a healthy growth trajectory.
GOLD's third-quarter results are expected to reflect higher gold prices and steady production.
I am initiating coverage on Barrick Gold with a "Buy" rating, expecting the stock to outperform over the next 24 to 36 months. Barrick Gold is undervalued with a forward EV/EBITDA of 6.47, compared to the sector median of 8.69, indicating significant upside potential. Strong fundamentals, including a low net-debt position and robust cash flow, support potential dividend growth, share repurchase, and organic reserve growth.
Finding winning stocks at under $20 a share is appealing to both traders and investors. These stocks allow traders and investors to take a meaningful position with a nominal investment.
Founder & CEO of Professional Capital Management Anthony Pompliano comments on reports that Microsoft is considering investing in Bitcoin and the prospect of the cryptocurrency becoming a form of savings. #FOXBusiness