Barrick Wrestles With Costs, Gold Output Amid Bullion Boom
Barrick Gold Corp.’s latest quarterly earnings show the gold producer continues to struggle to control costs and capitalize on the surging price of bullion.
Barrick Gold misses Q3 profit estimates on lower production, higher costs
Barrick Gold (NYSE:GOLD) -0.8% in Thursday's trading after reporting Q3 adjusted earnings that missed expectations, hurt by higher costs and lower production at its Nevada mines. Q3 net income rose to $483M,
Barrick Gold Third Quarter 2024 Earnings: EPS Misses Expectations
EPS: US$0.28 (up from US$0.21 in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.0%. Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.
Barrick Gold Misses Estimates in Q3 2024 as Rising Costs Overwhelm Strong Gold Prices
Corporation (TSX: ABX) reported third-quarter earnings for 2024 that fell short of market expectations, posting adjusted earnings per share of $0.30, an improvement from $0.24 in the
Barrick Gold misses profit estimates on higher costs, lower Nevada production
Canada's Barrick Gold missed Wall Street estimates for third-quarter profit on Thursday, weighed down by higher costs and lower production at its Nevada mines. Total gold output at Nevada Gold Mines fell to 385,
Bloomberg L.P.19h
Barrick Falls Behind Rivals as No. 2 Miner Misses Boost From Bullion Boom
Most of the world’s top gold miners have seen their shares surge this year as bullion prices hit repeated record highs. Not ...
thedeepdive13h
Barrick Gold’s Q3 Earnings: Is Guidance Shot?
Another gold major has reported, and another gold major has failed to meet analyst expectations. It’s been a bit of a rough ...
Zacks.com on MSN1d
Barrick Gold's Q3 Earnings Fall Short of Estimates, Sales Increase Y/Y
Barrick Gold Corporation Quote Total gold production was 943,000 ounces in the quarter, down around 9.2% year over year. The ...
Sanford C. Bernstein Issues Pessimistic Forecast for Barrick Gold (TSE:ABX) Stock Price
Barrick Gold (TSE:ABX – Free Report) (NYSE:ABX) had its target price trimmed by Sanford C. Bernstein from C$37.00 to C$36.00 ...
Barrick Gold price target lowered to $24 from $25 at Scotiabank
Scotiabank lowered the firm’s price target on Barrick Gold (GOLD) to $24 from $25 and keeps an Outperform rating on the shares. The firm ...
Barrick Gold snaps six days of losses
Barrick Gold ( NYSE: GOLD) shares traded in the green on Thursday, snapping six consecutive days of losses. The stock closed up 1.08% at $45.75.