Barrick Gold (GOLD) concluded the recent trading session at $18.78, signifying a +0.27% move from its prior day's close.
Barrick Gold (GOLD) reported earnings 30 days ago. What's next for the stock?
When institutional traders look to benefit from the market's underlying moves and shifts, they don't do so in isolation to an asset or specific stock but rather in a function of correlations and spreads between various assets or markets. This view rhymes entirely with a global macro strategy in a way where various markets and assets are considered when developing an opinion or a view.
Canada's Barrick Gold must pay British dealmaker Ian Hannam's firm $2 million plus expenses for his work on the acquisition of gold miner Randgold Resources, London's High Court ruled on Wednesday.
"We currently advise gradually shifting exposure away from high-growth areas toward more value and defensive sectors," notes David Darst. He discusses finding opportunities in an uncertain market.
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.
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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.