Barrick Gold Preps For Q2 Earnings: Will It Unearth Bullish Prospects?
Portfolio Pulse from Surbhi Jain
Barrick Gold Corp (NYSE:GOLD) is set to report its Q2 earnings on Monday, with Wall Street expecting 27 cents in EPS and $3.1 billion in revenues. The stock has shown a bearish trend recently, trading below key moving averages, but some technical indicators suggest potential bullish movement. Analysts remain optimistic with a consensus rating of 'Outperform' and price targets implying significant upside.
August 09, 2024 | 12:55 pm
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Barrick Gold Corp (NYSE:GOLD) is set to report Q2 earnings with Wall Street expecting 27 cents in EPS and $3.1 billion in revenues. The stock is currently in a bearish trend, trading below key moving averages. However, some technical indicators and analyst ratings suggest potential for a bullish breakout.
The stock is currently experiencing bearish trends, trading below key moving averages. However, the RSI and Bollinger Bands suggest potential for a bullish breakout. Analysts are optimistic with a consensus rating of 'Outperform' and price targets implying significant upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100