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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

Barrick Gold reported a 6% year-over-year decline in Q2 gold production, totaling 948,000 ounces.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:11 am

Barrick Gold has reaffirmed its capital expenditure for the fiscal year 2024, which is expected to be between $2.5 billion and $2.9 billion.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:05 am

Barrick Gold (NYSE:GOLD) reported Q2 2024 adjusted EPS of $0.32, beating the $0.27 estimate. Sales were $3.162 billion, surpassing the $3.114 billion estimate and marking an 11.61% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:03 am

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.

Portfolio Pulse from Surbhi Jain

August 09, 2024 | 12:55 pm

Wealthy investors have taken a bullish stance on Barrick Gold (NYSE:GOLD), as evidenced by 14 significant options trades detected by Benzinga's options scanner. The sentiment is split with 64% bullish and 35% bearish. The price range targeted by these trades is between $12.0 and $22.0. Barrick Gold's stock is currently neutral according to RSI indicators, and the next earnings report is expected in 4 days. Analysts from CIBC and Jefferies have maintained positive ratings with target prices of $27 and $23, respectively.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 5:17 pm

Shares of precious metals stocks are trading lower as gold and silver fall despite overall market uncertainty.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:07 pm

Deep-pocketed investors are showing a bearish sentiment towards Barrick Gold (NYSE:GOLD) with significant options activity. Benzinga's options scanner highlighted 14 extraordinary options activities, with 57% of the sentiment being bearish. The stock is currently trading at $18.53, up by 1.59%, and analysts have set an average target price of $25.0.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 8:03 pm

Gold prices are trading near record highs due to expectations of a potential Federal Reserve rate cut. This could also positively impact Bitcoin, often referred to as 'digital gold.' A 10x Research report suggests that Bitcoin's price may follow gold's performance during rate-cutting cycles. Despite a recent sell-off in Bitcoin attributed to institutional rebalancing, the overall outlook remains bullish. The market is awaiting the inflation report on August 14 and the Federal Reserve's next moves.

Portfolio Pulse from Murtuza Merchant

August 01, 2024 | 5:14 pm

Tech stocks experienced their best session in five months ahead of the Federal Open Market Committee (FOMC) meeting, driven by strong earnings and easing concerns over chip export restrictions to China. The Nasdaq 100 surged 2.7%, led by Nvidia Corp. (NVDA), which jumped 11%. The iShares Semiconductor ETF (SOXX) soared over 5%. The S&P 500 rose 1.6%, and small caps tracked by the iShares Russell 2000 ETF (IWM) increased by 1.1%. The dollar eased 0.2%, while the Japanese yen, tracked by the Invesco CurrencyShares Japanese Yen Trust (FXE), rallied 1.4%. Commodities like gold and oil also saw significant gains.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 5:23 pm

Wall Street is optimistic about a tech-led rebound driven by AMD's strong Q2 results. Major indices are up, with expectations of a Fed rate cut in September. Key stocks like AMD, MSFT, and ETFs like SPY and QQQ are showing significant premarket movements.

Portfolio Pulse from Shanthi Rexaline

July 31, 2024 | 11:56 am

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