Despite Strong Gold Prices, Barrick Stock Is Down 11% This Year. Is It A Good Bet?
Barrick Gold stock (NYSE: GOLD) has declined by about 11% year-to-date. The underperformance comes despite the fact that gold prices have been trending considerably higher, rising from levels of around $2,050 per ounce in early January to levels of over $2,300 per ounce currently, driven by cooling inflation, expectations of interest rate cuts by the Federal Reserve, and geopolitical uncertainties following the Israel-Gaza war.
Here's Why Barrick Gold (GOLD) is a Strong Growth Stock
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Are Investors Undervaluing Barrick Gold (GOLD) Right Now?
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.
Barrick Gold: Exceptional Profitability And Attractive Valuation
Gold prices continue to rise due to geopolitical uncertainties, making prominent industry players like Barrick Gold worth paying attention to. I think Barrick Gold is attractive due to its strong operational performance, healthy balance sheet, and focus on the most attractive assets. In my analysis, I compare how Barrick Gold looks against the world's largest gold mining company, Newmont Corporation. Barrick Gold performs better across most crucial criteria.
Barrick Gold Isn't Dead Money As Pessimism Peaks
Barrick Gold stock has outperformed the S&P 500 significantly since my last update in March 2024. Barrick Gold's second-half production should improve, lifting its profitability profile. GOLD stock remains attractive despite the recent outperformance.
Barrick Gold (GOLD) Up 3.4% Since Last Earnings Report: Can It Continue?
Barrick Gold (GOLD) reported earnings 30 days ago. What's next for the stock?
Here's Why Barrick Gold (GOLD) is a Strong Value Stock
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Barrick Gold (GOLD) Upgraded to Strong Buy: What Does It Mean for the Stock?
Barrick Gold (GOLD) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
GOLD or AEM: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Mining - Gold sector might want to consider either Barrick Gold (GOLD) or Agnico Eagle Mines (AEM). But which of these two companies is the best option for those looking for undervalued stocks?
Best Momentum Stocks to Buy for May 30th
IHG, MMS and GOLD made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 30, 2023.
Wall Street Analysts Predict a 28.96% Upside in Barrick Gold (GOLD): Here's What You Should Know
The consensus price target hints at a 29% 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.
Brokers Suggest Investing in Barrick Gold (GOLD): Read This Before Placing a Bet
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.
