Barrick Gold Gains 19% YTD: Is This the Right Time to Buy the Stock?

Barrick Gold Corporation’s (GOLD) stock is rebounding after a lackluster 2024, thanks to skyrocketing gold prices. The gold giant’s prices are up 19.1% so far this year after declining around 14% last year amid concerns over high production costs and operational issues across certain mines that impacted production, as well as its dispute with the Malian government over dividing the economic benefits from its Loulo-Gounkoto gold mine complex. With bullion prices continuing to zoom upward amid economic and ge ...