Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Cooling inflation has burnished gold's appeal with key data coming later this week. Barrick Gold stock popped on earnings.
Barrick Gold's (GOLD) second-quarter adjusted earnings beat estimates, as gold prices rose and the gold producer said its first-half performance puts it on track to meet its goals for the full year.
Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) beat expectations in its latest quarter as high gold profits boosted revenues, profits and cash flow in the quarter to end June 2024. Revenues of US$3.16 billion in the three months were up 12% from the same period in 2023, while net income rose to US$370 million from US$305 million.
Gold prices will be worth watching this week both before and after consumer price index (CPI) data is released for July.
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.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Barrick Gold Corp, (GOLD) is currently trading at an attractive valuation compared to its peers.