Here's Why Barrick Gold (GOLD) Fell More Than Broader Market

Company Performance - Barrick Gold's stock closed at $20.32, reflecting a -0.44% change from the previous day, which is better than the S&P 500's loss of 0.17% [1] - The stock has increased by 6.41% over the past month, outperforming the Basic Materials sector's decline of 4.41% and the S&P 500's decline of 3.94% [1] Upcoming Earnings - Barrick Gold is set to release its earnings report on May 7, 2025, with projected earnings per share (EPS) of$ 0.29, indicating a 52.63% increase from the same quarter last year [2] Full Year Projections - Zacks Consensus Estimates forecast earnings of $1.59 per share and revenue of$ 14.97 billion for the full year, representing increases of +26.19% and +15.83% respectively from the prior year [3] Analyst Estimates and Stock Performance - Recent changes in analyst estimates for Barrick Gold are important, as positive revisions indicate optimism about the company's business and profitability [3][4] - The Zacks Rank system, which reflects estimate changes, has a proven track record of outperformance, with 1 stocks returning an average of +25% annually since 1988 [5] Valuation Metrics - Barrick Gold has a Forward P/E ratio of 12.87, which is lower than the industry's average Forward P/E of 15.26 [6] - The company has a PEG ratio of 0.38, compared to the Mining - Gold industry's average PEG ratio of 0.63 [6] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 155, placing it in the bottom 38% of over 250 industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]