The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are underv ...

Barrick Gold Corporation (GOLD) is slated to come up with second-quarter 2024 results before the opening bell on Aug 12. The company's performance is expected to reflect the benefits of higher gold prices and strong gold and copper production. The Zacks Consensus Estimate for second-quarter earnings has been revised 3.7% downward in the past 60 days. The consensus estimate for earnings is pegged at 26 cents per share, suggesting a 36.8% year-over-year rise. The Zacks Consensus Estimate for revenues currentl ...

U.S. stocks saw steep declines on Monday, with the Nasdaq and S&P 500 each falling roughly 3%, continuing last week's sell-off amid renewed recession concerns. Multiple bearish catalysts triggered this massive selloff and the market volatility is expected to persist in the near term. In this uncertain environment, value investing emerges as a prudent strategy. Investors can invest in high earnings yield value stocks like Western Digital (WDC) , PDD Holdings (PDD) , Pfizer (PFE) and Barrick Gold (GOLD) to re ...

Investors with an interest in Mining - Gold stocks have likely encountered both Barrick Gold (GOLD) and Royal Gold (RGLD) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style S ...

Right now is a very exciting time for long term stocks. At least it is in the commodities space. The commodities sector is coiled up dating back in some cases from decades. And in the short term, some have already started ripping. Barrick Gold (GOLD) It has been trading between in the $16 to $19 range since the start of summer. The precious metals space as a whole has been consolidating during this time after an initial bull run. The encouraging sign is that miners like GOLD have been outperforming the meta ...

TORONTO, ONTARIO - MARCH 05: People visit the booth of Barrick Gold Corporation during the ... [+] Prospectors & Developers Association of Canada (PDAC) annual convention 2023 at Metro Toronto Convention Centre on March 5, 2023 in Toronto, Ontario. (Photo by Yu Ruidong/China News Service/VCG via Getty Images) In contrast, the Trefis High Quality Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better ...

TORONTO, July 31, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce that Richard O'Brien has been appointed as Chair of the Board effective August 1, 2024. Mr. O'Brien was appointed to the Board of Directors on March 25, 2024, where it was announced that he was expected to transition into the Chair role. As previously disclosed, Ian Pearce will retire from the Board of Directors effective August 1, 2024. About New Gold Certain information ...

Core Insights - The company reported strong operational performance in Q2 2024, with gold production of 68,598 ounces and copper production of 13.6 million pounds, achieving all-in sustaining costs of $1,381 per gold ounce sold [1] - New Afton mine performed well, producing 18,300 ounces of gold and 13.6 million pounds of copper at negative all-in sustaining costs of $433 per gold ounce sold [1] - Rainy River mine produced 50,298 ounces of gold at all-in sustaining costs of $1,868 per gold ounce sold, with plans for increased production in the second half of the year [1] Operational Highlights - The company generated $100 million in cash flow from operations in Q2 2024, driven by higher copper production and metal prices [2] - Free cash flow for the quarter was $20 million, marking the beginning of a sustained free cash flow generation period [2] - The company increased its effective free cash flow interest in New Afton to 80.1% through a strategic partnership with Ontario Teachers' Pension Plan, receiving $255 million in cash [2] Financial Performance - Revenue increased due to higher metal prices and copper sales volume, despite lower gold sales volume [5] - Net earnings rose primarily due to increased revenues from higher metal prices and a net gain on the derecognition of the New Afton free cash flow obligation [5] - Cash generated from operations and free cash flow increased compared to prior-year periods, reflecting higher revenue and positive working capital movements [5] Production Guidance - The company remains on track to achieve 2024 consolidated production guidance of 310,000 to 350,000 ounces of gold and 50 to 60 million pounds of copper at all-in sustaining costs of $1,240 to $1,340 per gold ounce sold [1] - Gold production for the first half of the year represented 42% of the mid-point of guidance, while copper production represented 49% [1] Exploration and Development - Exploration drilling at Rainy River has progressed significantly, with approximately 20,000 meters drilled in the first half of 2024 [22] - New Afton achieved multiple exploration milestones, including the completion of an exploration drift and drilling of high-grade copper-gold targets [22] - The company aims to extend the mine life of both Rainy River and New Afton beyond 2030 through ongoing exploration efforts [22]

Zacks Premium also includes the Zacks Style Scores. The Style Scores are broken down into four categories: While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth. If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style ...

Coming into today, shares of the gold and copper mining company had gained 6.65% in the past month. In that same time, the Basic Materials sector lost 1.43%, while the S&P 500 lost 0.21%. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.16 per share and revenue of $12.9 billion. These totals would mark changes of +38.1% and +13.15%, respectively, from last year. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy t ...