In the latest trading session, Barrick Gold (GOLD) closed at $21.01, marking a +1.5% move from the previous day.
Barrick Gold (GOLD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Investors with an interest in Mining - Gold stocks have likely encountered both Barrick Gold (GOLD) and Agnico Eagle Mines (AEM). But which of these two stocks is more attractive to value investors?
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Here is how Barrick Gold (GOLD) and Blachem (BCPC) have performed compared to their sector so far this year.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Barrick Gold (GOLD) concluded the recent trading session at $20.23, signifying a +0.85% move from its prior day's close.
Barrick Gold, one of the largest gold miner, reported a good Q2 result. Production is expected to increase at a high gold price while AISC keeps management under control. Based on EVA fair value calculation, it is not attractive enough to buy.
GOLD projects 30% gold-equivalent production growth by 2030, emphasizing undervalued stock and strong assets.
Barrick Gold deserves a Buy rating due to its potential to profit from rising gold prices, amid a resumption of global money printing and inflation building trends. Irresponsible government fiscal spending and renewed central bank easing make gold a critical asset to own, with Barrick positioned to benefit significantly. Record central bank gold purchases and rising geopolitical tensions support a bullish outlook, with US$3000+ gold possible by 2025.
Barrick Gold stock (NYSE: GOLD) has gained about 14% year-to-date, currently trading at about $21 per share. This compares to the S&P 500 which remains up by about 18% over the same period.