Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) is being mispriced by the market, according to Jefferies analysts, who see the miner as its contrarian top pick in the gold sector. “Investor sentiment on Barrick can only be described as negative,” the analysts wrote.
Barrick Mining Corporation presents a compelling investment thesis based on strong fundamentals and growth prospects. An easy money environment and tax cut should push up gold price. Geopolitical uncertainties around the world will also positively contribute to gold prices.
As gold prices continue to climb and investor interest surges in the gold mining space, let us analyze which is the better investment option - AngloGold Ashanti or Barrick Mining.
The consensus price target hints at a 25.7% 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.
GOLD's total gold production is 758,000 ounces in Q1, down roughly 19.4% year over year.
Barrick Gold Corporation (NYSE:GOLD ) Q1 2025 Earnings Conference Call May 7, 2025 11:00 AM ET Company Participants Mark Bristow - President and Chief Executive Officer Henri Gonin - Managing Director, Nevada Gold Mines Graham Shuttleworth - Senior Executive Vice President, Chief Financial Officer Conference Call Participants Ralph Profiti - Stifel Brian MacArthur - Raymond James Josh Wolfson - RBC Capital Markets Daniel Major - UBS Lawson Winder - Bank of America Securities Tanya Jakusconek - Scotiabank Joshua Rales - RFI Associates John Tumazos - John Tumazos Very Independent Research Operator Ladies and gentlemen, thank you for standing-by. This is the event operator.
Record prices for gold and gains for copper buoyed earnings, but an ongoing clash with Mali's military junta cast a shadow over Barrick Mining's stronger-than-expected financial performance.
Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) topped Wall Street estimates for first-quarter profit on Wednesday, powered by a rally in gold prices and strong production from its flagship assets. The Canadian miner also reaffirmed its full-year gold and copper production outlook, citing lower expected costs for the remainder of 2025.
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While GOLD's actions to advance key projects and solid financial health augur well, its high costs and downbeat production outlook warrant caution.
In the most recent trading session, Barrick Gold (GOLD) closed at $18.41, indicating a +0.22% shift from the previous trading day.
GOLD's first-quarter results are expected to reflect higher gold prices amid cost headwinds.