Elliott Management takes $700M stake in Barrick Gold, raising split speculation
Activist hedge fund Elliott Management has acquired a stake exceeding $700 million in Barrick Gold Corp. (TSX:ABX, NYSE:GOLD), making it one of the top 10 shareholders in the world's second-largest gold producer, the Financial Times reported on Tuesday. The move comes as Barrick struggles to fully capitalize on record-high gold prices driven by geopolitical tensions and inflation.
Barrick sells last operating mine in Canada to Carcetti Capital for $1B
Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) announced that it has agreed to sell its last operating gold mine in Canada, the Hemlo Gold Mine in Ontario, to Carcetti Capital in a transaction valued at up to $1.09 billion. Under the terms of the agreement, Barrick will receive $875 million in cash at closing, $50 million in Carcetti shares, and up to $165 million in contingent payments tied to future gold prices beginning in 2027.
Barrick Gold grows Q2 revenue on higher production
Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) delivered a strong second quarter earnings report, driven by sequential improvements in gold and copper production. The company produced approximately 797,000 ounces of gold, up 5% from the prior quarter, and copper output surged 34% sequentially to 59,000 tonnes, representing a 37% increase year-over-year.
Barrick Mining: Discounted Mining Leader With Strong Upside Still Unlocked
Barrick trades at a significant discount to peers despite superior margins, growth, and operational resilience, making its current valuation unjustified. My scenario analysis shows strong upside potential, with target prices ranging from $21.6 to $36 depending on metal prices and market sentiment. Barrick boasts elite profitability, low leverage, and prudent capital allocation, offering both growth and downside protection for medium- to long-term investors.
Barrick Gold assets undervalued as investors overreact to risk exposure, analysts say
Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) is being mispriced by the market, according to Jefferies analysts, who see the miner as its contrarian top pick in the gold sector. “Investor sentiment on Barrick can only be described as negative,” the analysts wrote.
Barrick Mining: Still Upside For Gold
Barrick Mining Corporation presents a compelling investment thesis based on strong fundamentals and growth prospects. An easy money environment and tax cut should push up gold price. Geopolitical uncertainties around the world will also positively contribute to gold prices.
AU Vs GOLD: Which Gold Mining Stock Shines Brighter in 2025?
As gold prices continue to climb and investor interest surges in the gold mining space, let us analyze which is the better investment option - AngloGold Ashanti or Barrick Mining.
Wall Street Analysts Believe Barrick Gold (GOLD) Could Rally 25.72%: Here's is How to Trade
The consensus price target hints at a 25.7% upside potential for Barrick Gold (GOLD). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Barrick Gold's Q1 Earnings Surpass Estimates, Sales Up Y/Y
GOLD's total gold production is 758,000 ounces in Q1, down roughly 19.4% year over year.
Barrick Gold Corporation (GOLD) Q1 2025 Earnings Call Transcript
Barrick Gold Corporation (NYSE:GOLD ) Q1 2025 Earnings Conference Call May 7, 2025 11:00 AM ET Company Participants Mark Bristow - President and Chief Executive Officer Henri Gonin - Managing Director, Nevada Gold Mines Graham Shuttleworth - Senior Executive Vice President, Chief Financial Officer Conference Call Participants Ralph Profiti - Stifel Brian MacArthur - Raymond James Josh Wolfson - RBC Capital Markets Daniel Major - UBS Lawson Winder - Bank of America Securities Tanya Jakusconek - Scotiabank Joshua Rales - RFI Associates John Tumazos - John Tumazos Very Independent Research Operator Ladies and gentlemen, thank you for standing-by. This is the event operator.
Barrick Quarterly Earnings Beat Expectations, but Mali Dispute Clouds Start to Year
Record prices for gold and gains for copper buoyed earnings, but an ongoing clash with Mali's military junta cast a shadow over Barrick Mining's stronger-than-expected financial performance.
Barrick Gold beats estimates on higher gold prices
Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) topped Wall Street estimates for first-quarter profit on Wednesday, powered by a rally in gold prices and strong production from its flagship assets. The Canadian miner also reaffirmed its full-year gold and copper production outlook, citing lower expected costs for the remainder of 2025.
