Streetbeat News

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

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

The upcoming week is crucial for tech stocks as major companies like Apple, Amazon, Microsoft, and Meta are set to report their earnings. Last week's earnings were mixed, with Tesla, Alphabet, and STMicroelectronics disappointing investors. However, IBM saw positive reactions due to strong AI bookings. Analysts are optimistic about the tech sector's future, especially with significant AI investments expected. The Invesco QQQ Trust and SPDR S&P 500 ETF Trust showed mixed performance last week.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 10:25 am

Deep-pocketed investors are showing significant interest in Barrick Gold (NYSE:GOLD) options, with a notable increase in both call and put activities. The sentiment is mixed, with a slight bullish tilt. Analysts have set price targets between $23 and $27, and the stock is currently trading at $18.89.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 3:45 pm

Shares of precious metals stocks are trading lower as gold and silver prices fall amid a rise in the dollar.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:42 pm

Shares of gold companies are trading lower due to a pullback following recent strength as Treasury yields rise.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:23 pm

Gold prices hit a new all-time high, driven by expectations of a Fed rate cut in September. This surge has positively impacted gold mining stocks, with the VanEck Gold Miners ETF (GDX) reaching its highest level since April 2022. Bank of America predicts strong earnings for gold miners, suggesting potential increases in dividends and share buybacks.

Portfolio Pulse from Piero Cingari

July 16, 2024 | 8:02 pm

Barrick Gold Corporation (NYSE:GOLD) shares are trading higher due to optimism about a potential Fed rate cut and positive preliminary production details. The company reported increased gold and copper production in Q2 and expects further growth in 2024. Investors can also gain exposure through Sprott Gold Miners ETF (NYSE:SGDM) and VanEck Gold Miners ETF (NYSE:GDX).

Portfolio Pulse from Lekha Gupta

July 16, 2024 | 4:52 pm

Shares of gold stocks are trading higher amid trader optimism that the Fed will cut rates.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:19 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.