While GOLD's efforts to advance key projects and solid financial health paint a promising picture, its high costs and tepid production view warrant caution.
Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) shares moved higher after the gold producer was upgraded to ‘Buy' and awarded a $22 price target by analysts at UBS. The stock added 4.1% at $18.45 on Wednesday afternoon.
When investors think of the two main ways they can achieve a return on their investment in the stock market, the classic buying low and selling high are at the top of the list, closely followed by dividend payouts. However, there is a third—much more efficient and beneficial—way that management can reward their shareholders.
Total Q4 gold production of GOLD is 1,080,000 ounces, up around 2.5% year over year.
Barrick Gold Corporation (NYSE:GOLD ) Q4 2024 Earnings Conference Call February 12, 2025 11:00 AM ET Company Participants Mark Bristow - President and Chief Executive Officer Graham Shuttleworth - Senior Executive Vice President, Chief Financial Officer Simon Bottoms - Mineral Resource Management and Evaluation Executive Conference Call Participants Brian MacArthur - Raymond James Lawson Winder - Bank of America Securities Martin Pradier - Veritas Josh Wolfson - RBC Capital Markets Tanya Jakusconek - Scotiabank Daniel Major - UBS John Tumazos - John Tumazos Very Independent Research Joshua Rales - RFI Associates Operator Ladies and gentlemen, thank you for standing by. This is the event operator.
Barrick Gold Corporation reported strong Q4 2024 & FY 2024 results, helped by the record gold price. This allowed the company to finish the year with one of the stronger balance sheets among its peer group, despite aggressive share buybacks in Q4 2024. In this update, we'll dig into the GOLD Q4 & FY 2024 results, recent developments and whether the stock is worthy of investment.
Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) surged 6.3% on Wednesday after reporting better-than-expected fourth-quarter earnings, bolstered by expanding margins and stronger free cash flow. The company's adjusted earnings per share (EPS) of $0.46 exceeded analyst estimates of $0.42, while adjusted EBITDA of $2.25 billion came in slightly ahead of the consensus forecast.
Fears surrounding higher interest rates reemerged after today's hotter-than-expected inflation data for January.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Barrick Gold and Kinross Gold are included in this Analyst Blog.
As the bullion metal glitters, gold mining stocks like Barrick Gold and Kinross Gold have a fair chance to gain.
GOLD's fourth-quarter results are expected to reflect higher gold prices and strong production.