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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

16.87

Mkt cap

29B

Volume

19M

High

16.91

P/E Ratio

18.10

52-wk high

21.35

Low

16.59

Div yield

0.02

52-wk low

13.76

Recent options activity for Barrick Gold (NYSE:GOLD) shows a bearish sentiment among large investors, with 73% of trades being bearish. The stock is currently trading at $19.9, down 2.7%, with a consensus target price of $25.0. Analysts maintain a Sector Outperform rating.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 4:00 pm

Gold prices are nearing a new record high, with a significant rise in gold mining stocks and ETFs. The VanEck Gold Miners ETF (GDX) and other gold-related ETFs have seen substantial gains this year. Experts predict continued positive trends for gold prices.

Portfolio Pulse from Benzinga Neuro

August 27, 2024 | 6:17 am

Gold prices have reached an all-time high, driven by potential Federal Reserve interest rate cuts, geopolitical risks, and increased demand from central banks and consumers. Gold mining stocks and related ETFs have also seen significant gains.

Portfolio Pulse from Navdeep Yadav

August 20, 2024 | 11:00 am

Recent options trading activity on Barrick Gold (NYSE:GOLD) shows a mix of bullish and bearish sentiment among large investors. A total of 26 unusual options trades were identified, with a slight majority being bullish. The stock is currently trading at $20.23, up 2.61%, and is approaching overbought territory. An analyst from Scotiabank maintains a Sector Outperform rating with a target price of $25.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 5:45 pm

Scotiabank analyst Tanya Jakusconek has maintained a Sector Outperform rating on Barrick Gold and increased the price target from $23 to $25.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 3:35 pm

Gold mining companies are increasing M&A activity due to high gold prices, which boost their free cash flow. Gold Fields plans to acquire Osisko Mining for $1.57 billion, and Newmont is selling several mines to pay down debt. The VanEck Gold Miners ETF rose 3.08% amid record gold prices. Copper is also becoming a significant focus for gold miners.

Portfolio Pulse from Matt Whittaker

August 16, 2024 | 7:44 pm

Gold prices hit an all-time high of $2,500 per ounce due to a weakening U.S. dollar and declining Treasury yields. This surge is driven by expectations of Federal Reserve rate cuts. Gold ETFs, including SPDR Gold Trust (GLD), saw strong inflows in July. Gold mining stocks, such as those in the VanEck Gold Miners ETF (GDX), also performed well.

Portfolio Pulse from Piero Cingari

August 16, 2024 | 2:59 pm

Barrick Gold Corp. (NYSE:GOLD) CEO Mark Bristow attributes high gold prices to geopolitical instability rather than inflation. Despite strong financial performance in Q2, Bristow believes the market undervalues Barrick's gold and copper assets. The company's shares have risen following the announcement, with analysts raising price targets. Barrick's joint venture with Newmont Corporation (NYSE:NEM) and its expanding copper business are highlighted as key assets.

Portfolio Pulse from Matt Whittaker

August 13, 2024 | 6:59 pm

Barrick Gold (NYSE:GOLD) has expressed interest in partnering with the Panamanian government regarding the Cobre Panama mine, which has been idle due to contractual disputes between its owner, First Quantum Minerals (OTC:FQVLF), and the government. The mine's future remains uncertain, with potential new partnerships or operational changes expected next year. Barrick's CEO emphasized caution in overpaying for assets, while First Quantum seeks $20 billion in damages through arbitration.

Portfolio Pulse from Stjepan Kalinic

August 13, 2024 | 11:58 am

Barrick Gold Corporation (NYSE:GOLD) shares are trading higher after the company reported better-than-expected Q2 financial results for FY2024. Revenue increased by 12% year-over-year to $3.162 billion, surpassing estimates. Adjusted EPS also beat expectations. Key projects in Nevada, the Dominican Republic, Zambia, and Pakistan are expected to bolster future production.

Portfolio Pulse from Vaishali Prayag

August 12, 2024 | 7:58 pm

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