Despite Strong Gold Prices, Barrick Stock Is Down 11% This Year. Is It A Good Bet? [Forbes]
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
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randgoldresources.com
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Source: Forbes
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) (NYSE: GOLD) has declined by about 11% year-to-date. The underperformance comes despite the fact that gold prices have been trending considerably higher, rising from levels of around $2,050 per ounce in early January to levels of over $2,300 per ounce currently, driven by cooling inflation, expectations of interest rate cuts by the Federal Reserve, and geopolitical uncertainties following the Israel-Gaza war. However, there are a few factors driving Barrick's recent underperformance. Barrick's Q1 results, published last month, were weaker than expected as production faces headwinds. Attributable quarterly production for the quarter declined 1% year-over-year to 940,000 ounces of gold, a 1% decline from the year-ago period due to a slower-than-expected ramp-up of the Pueblo Viejo mine, some maintenance-related ac
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News
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- Investors in Barrick Gold (TSE:ABX) have unfortunately lost 3.3% over the last three years [Yahoo! Finance Canada]Yahoo! Finance Canada
- Barrick Gold tells UNHRC allegations of human rights abuses ‘unfounded' [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Investors in Barrick Gold (TSE:ABX) have unfortunately lost 3.3% over the last three years [Yahoo! Finance]Yahoo! Finance
- Midnight Sun Appoints Kevin Bonel as COO, Zambia [Yahoo! Finance]Yahoo! Finance
GOLD
Earnings
- 5/1/24 - Beat
GOLD
Analyst Actions
- 4/12/24 - National Bank Financial
GOLD
Sec Filings
- 5/29/24 - Form SD
- 5/2/24 - Form 6-K
- 3/28/24 - Form 6-K
- GOLD's page on the SEC website