Why Is Barrick Stock Down When Gold Prices Up? [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) China News Service via Getty Images Barrick Gold stock (NYSE: GOLD) has fallen about 21% in the last two months, currently trading at about $17 per share. This compares to the S&P 500 which remains up by about 3% and gold prices which have fallen about 2% over the same period. The underperformance comes even though gold prices have been surging this year, rising from levels of around $2,050 per ounce in early January to about $2,650 currently - marking among the highest annual rise in a decade. Several factors have driven gold prices. U.S. inflation has been moderating, market volatility and geopolitical risks have diverted investors to the safe haven of gold. The Consumer Price Index for November rose by 2.7%, slightly higher than the 2.6% in October, and this could pave the way for a rate cut by the Fed in the
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GOLD
News
- Wall Street Bulls Look Optimistic About Barrick Gold (GOLD): Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Barrick Gold Corp (NYSE: GOLD) had its price target lowered by analysts at Citigroup Inc. from $23.00 to $17.00. They now have a "neutral" rating on the stock.MarketBeat
- Here's Why Barrick Gold Corporation (GOLD) Surged in Q3 [Yahoo! Finance]Yahoo! Finance
- Friday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Should you invest $1,000 in Barrick Gold right now? [Yahoo! Finance Canada]Yahoo! Finance Canada
GOLD
Earnings
- 11/7/24 - Miss
GOLD
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form 6-K
- GOLD's page on the SEC website