5 Reasons Why Barrick Gold Is A Must-Own Stock [Seeking Alpha]
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
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US:NASDAQ Investor Relations:
randgoldresources.com
Company Research
Source: Seeking Alpha
Summary GOLD just reached my updated price target — and it took less than a month. Net debt was reduced to $2.22 billion, a $940 million QoQ decline. The company remains on pace for net debt to reach the zero mark within the next 12-18 months. Barrick has stable, low-cost/high-margin gold production across a well-diversified portfolio. As Barrick's balance sheet grows stronger, more cash will be returned to shareholders. The outlook for physical gold remains bullish, and the GOLD's technicals and current value support a higher price. I have written numerous articles on Barrick Gold ( raised This was on top of the 30%-plus return in the stock since I put an $18 target on GOLD in the summer of 2019. Barrick's stock just reached my updated price target — and this time it took less than a month. Even though GOLD almost has doubled since the early 2019 lows, the shares remain a compelling buy as the bull markets in both GOLD and gold are still in the early stages. (Source: StockCharts.com
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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