Investors with an interest in Mining - Gold stocks have likely encountered both Barrick Gold (GOLD) and Royal Gold (RGLD). But which of these two stocks presents investors with the better value opportunity right now?
Right now is a very exciting time for long term stocks. At least it is in the commodities space.
Barrick Gold stock (NYSE: GOLD) is expected to publish its Q2 2024 results in early August, reporting on a quarter that saw gold prices continue to trend upward. We expect earnings to come in at about $0.27 per share, up from $0.19 in the year-ago quarter, and roughly in line with consensus estimates, while revenue is expected to grow by about 7% year-over-year to $3.16 billion.
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In the latest trading session, Barrick Gold (GOLD) closed at $17.97, marking a +1.01% move from the previous day.
Leading gold mining company Barrick Gold Co. NYSE: GOLD stock is trading down 1.66% despite gold prices rising 15.4% year-to-date (YTD). While it's easy to assume gold mining stocks should move in lockstep with gold prices, that's not usually the case.
The interesting part of investing comes from growth stocks. There seems to be a lot of new, investor attention and price-action.
In the most recent trading session, Barrick Gold (GOLD) closed at $18.57, indicating a +1.14% shift from the previous trading day.
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Gold has witnessed a healthy rally of 17% for year-to-date. After trading at recent highs of $2,482 an ounce, there has been some correction in the precious metal.
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.
Check out gold if you're looking for some of the best stocks to buy now. After testing an all-time high of $2,480.75, the metal could easily test $2,500 or even $3,000 this year.