Shares of Barrick are rising after the gold-mining company reported a strong second quarter. Both the metal and rivals have been having a better 2024.
Barrick Gold (GOLD) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.19 per share a year ago.
Barrick Gold Corp (NYSE: GOLD) has outperformed market expectations with its Q2 2024 earnings, reflecting strong operational performance amidst a booming gold market. As gold prices hover near historic highs, Barrick's strategic initiatives and robust financials position the company to capitalize on ongoing market opportunities.
Barrick Gold Corp GOLD will be reporting its second-quarter earnings on Monday. Wall Street expects 27 cents in EPS and $3.1 billion in revenues as the company reports after market hours.
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Barrick Gold Corp, (GOLD) is currently trading at an attractive valuation compared to its peers.
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Barrick's (GOLD) second-quarter results are expected to reflect the benefits of higher gold prices and strong production.
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Unlock your portfolio value by investing in value stocks like WDC, PDD, PFE and GOLD that display impressive earnings yield.
Barrick Gold (GOLD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.