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GOLD

Barrick Gold Corporation

https://www.barrick.com

Industry

Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located throughout the Americas and Africa. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.

Open

19.02

Mkt cap

32B

Volume

20M

High

19.07

P/E Ratio

15.39

52-wk high

21.35

Low

18.76

Div yield

0.02

52-wk low

15.11

The Direxion Daily Gold Miners Index Bull 2X Shares (NYSE:NUGT) slid over 2% as the Federal Reserve began its monthly meeting. Analysts are mixed on the Fed's decision on interest rates, with Bank of America expecting a hold and Goldman Sachs predicting a pause followed by cuts in 2024. The ETF, which tracks several gold and silver mining companies, is trading in a possible bull flag pattern under the 50-day simple moving average (SMA). A break up could indicate a longer-term bull cycle. The ETF could rise towards the $36 mark if it breaks up from the flag on higher-than-average volume.

Portfolio Pulse from Melanie Schaffer

September 19, 2023 | 3:39 pm

BMO Capital has maintained its Outperform rating for Barrick Gold (NYSE:GOLD) and increased its price target from $29.00 to $30.00. Despite the shares trading down 0.47% over the last 24 hours, the new price target represents an 87.79% increase from the current share price.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 5:00 pm

Several analyst forecasts were released on Wednesday, with price target changes for Rocket Pharmaceuticals, Ultrapar Participações, Casey's General Stores, Kinsale Capital Group, Neurocrine Biosciences, Darden Restaurants, GoDaddy, C.H. Robinson Worldwide, Carpenter Technology, Willis Towers Watson, and Barrick Gold Corporation. The changes ranged from cuts to increases, with varying impacts on pre-market trading.

Portfolio Pulse from Lisa Levin

September 13, 2023 | 12:45 pm

BMO Capital analyst Jackie Przybylowski has maintained an 'Outperform' rating on Barrick Gold (NYSE:GOLD) and raised the price target from $29 to $30.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 11:57 am

Large-cap ETFs with AUM above $10 billion were screened for weekly returns. Winners included Energy Select Sector SPDR Fund (XLE) and iShares MSCI Japan ETF (EWJ), while losers were iShares Silver Trust (SLV) and VanEck Gold Miners ETF (GDX). XLE, with holdings in Exxon Mobil and Chevron, was up 2.53% over the week. EWJ, with holdings in Toyota and Sony, was down 0.96%. SLV, tracking silver performance, was down 5.98%. GDX, providing exposure to gold mining companies like Newmont and Barrick Gold, was down 3.35%.

Portfolio Pulse from Johnny Rice

September 08, 2023 | 8:48 pm

Spot gold rose on Wednesday due to concerns about the U.S. economy, with job openings lower than expected and economic growth projections revised downwards. The Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) opened higher but consolidated slightly lower, likely due to technical analysis reasons. NUGT is a double-leveraged fund designed to outperform the NYSE Arca Gold Miners Index by 200%, tracking several gold and silver mining companies including Newmont Corp (NEM), Barrick Gold Corp (GOLD), and Franco-Nevada Corp (FNV).

Portfolio Pulse from Melanie Schaffer

August 30, 2023 | 4:12 pm

A large investor has taken a bullish stance on Barrick Gold (NYSE:GOLD), as evidenced by a significant position in the company's options. The overall sentiment of these big-money traders is split between 50% bullish and 50% bearish. The whales have been targeting a price range from $13.0 to $25.0 for Barrick Gold over the last 3 months. The price of GOLD is currently up 2.26% at $16.2.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 5:32 pm

Jim Cramer, host of CNBC's 'Mad Money Lightning Round', gave his opinions on several stocks. He recommended buying Marathon Oil Corporation (MRO), stating it's inexpensive. He found Enphase Energy (ENPH) cheap at its current price. He suggested owning some Barrick Gold Corporation (GOLD) as a form of insurance. He did not recommend Coherent Corp. (COHR) due to its lack of profitability. He advised staying away from Icahn Enterprises (IEP) due to its opaque nature.

Portfolio Pulse from Lisa Levin

August 23, 2023 | 12:18 pm

Saudi Arabia is reportedly in discussions to invest in a large copper mine being developed by Canada's Barrick Gold in Western Pakistan. The project is estimated to cost $7 billion.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 4:29 pm

Barrick Gold Corp (NYSE:GOLD) reported a 1% Y/Y decline in Q2 2023 revenue to $2.83 billion, missing the consensus of $3.40 billion. Gold production and sales also decreased by 3% and 4% Y/Y respectively. However, the company saw improved performances at Carlin, Kibali and Lumwana assets. The average realized gold price rose 6% Y/Y to $1,972 per ounce, while copper production declined 11% Y/Y. The company reiterated its 2023 outlook and announced progress on the Pueblo Viejo expansion project.

Portfolio Pulse from Lekha Gupta

August 08, 2023 | 2:25 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.