Barrick Gold Corporation (GOLD) is scheduled to report first-quarter 2024 results before the opening bell on May 1.The gold mining giant surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 20.5%. It posted an earnings surprise of 28.6% in the last reported quarter. The company’s first-quarter results are expected to have benefited from higher gold prices. However, sequentially lower gold production and higher costs are likely to have affected its performance.The s ...

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Barrick Gold (GOLD) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this gold and copper mining company have returned +1.9% over the past month versus the Zacks S&P 500 composite's -3% change. The Zacks Mining - Gold industry, to which Barrick Gold belongs, has gained 9.5% over this period. Now the key question is: Where could the stock be headed in the near term?While ...

In a bull market, the role of blue-chip stocks is often understated. Investors look for growth stocks with millionaire-maker potential. However, when markets are volatile or trending lower, blue-chip stocks are a fortress for the portfolio. With relatively volatile market conditions, this column discusses three undervalued blue-chip dividend stocks to consider.It’s worth noting that inflation continues to dampen investor sentiment. Interest rate cuts will likely be delayed as inflation remains stubborn. Equ ...

The most recent trading session ended with Barrick Gold (GOLD) standing at $16.69, reflecting a +1.64% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 1.2% for the day. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.59%.Coming into today, shares of the gold and copper mining company had gained 5.46% in the past month. In that same time, the Basic Materials sector lost 1.66%, while the S&P 500 lost 4.16%.Analysts and inv ...

Dragon Claws Investment thesis: Barrick Gold (NYSE:GOLD) stock is down roughly two-thirds from the record high reached in 2011. This is despite gold (XAUUSD:CUR) prices being significantly above 2011 peak gold price levels. The inevitable question that arises therefore is whether Barrick is doomed to perpetually underperform the gold market, or whether it is set to catch up and correct the discrepancy. To answer this question, we have to consider several factors, ranging from Barrick's valuation to its ...

The latest trading session saw Barrick Gold (GOLD) ending at $16.98, denoting a +1.68% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.22%. Meanwhile, the Dow gained 0.06%, and the Nasdaq, a tech-heavy index, lost 0.52%.Coming into today, shares of the gold and copper mining company had gained 6.51% in the past month. In that same time, the Basic Materials sector lost 0.37%, while the S&P 500 lost 1.66%.Investors will be eagerly watching for the performan ...

Barrick Gold Corporation (GOLD) reported preliminary first-quarter 2024 production of 940,000 ounces of gold and 40,000 tons of copper, as well as preliminary sales of 910,000 ounces of gold and 39,000 tons of copper.The production of gold and copper is expected to increase progressively every quarter through 2024, GOLD noted. The Pueblo Viejo expansion is expected to ramp up starting the second quarter, and the restart of the Porgera mine is likely to go as planned.The average market price for gold in the ...

z1bBarrick Gold stock (NYSE:GOLD) has recently pulled back sharply due to two big headwinds: Rumors are spreading that Mali's Russian-backed military regime may seize control of GOLD's Loulo-Gounkoto mining complex, which is one of the world's largest producing gold mines and also is one of GOLD's lowest-cost mines. GOLD's recently released Q1 preliminary production numbers lagged expectations. However, the stock's 8.6% pullback seems a bit extreme: Data by YChartsThis is particularly the case when t ...

All amounts expressed in US dollars TORONTO, April 16, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) ("Barrick" or the "Company") today reported preliminary Q1 production of 940 thousand ounces of gold and 40 thousand tonnes of copper, as well as preliminary Q1 sales of 910 thousand ounces of gold and 39 thousand tonnes of copper. As previously guided, Barrick's gold and copper production in 2024 is expected to progressively increase each quarter through the year, with the Pueblo Vi ...