Here are UBS's top gold picks as stocks appear inexpensive amid wider rally [Seeking Alpha]
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
randgoldresources.com
Company Research
Source: Seeking Alpha
Gold stocks appear inexpensive and have abnormally lagged the gold price, UBS said in an analysis on Wednesday, adding that they are trading on a P/E relative that is 40% below its norm. The stocks have also decoupled from gold prices and should have been up 45% if they had followed their normal relationship with gold prices, the brokerage explained. UBS Head of U.S. Equity Derivatives Research Maxwell Grinacoff believes investor positioning in gold mining stocks is not fully reflecting the price action in the safe haven metal recently, and could be due for a catchup. On the day, spot gold ( ) was trading +0.52% higher at $2,328.32 an ounce. So what to buy? The investment bank calls on investors to continue to be overweight gold stocks and names the following as its preferred gold miners globally ( year-to-date price performance Anglogold Ashanti ( NYSE: AU Barrick Gold ( NYSE: GOLD Centamin ( OTCPK:CELTF Endeavour Mining ( OTCQX:EDVMF Evolution Mining ( OTCPK:CAH
Show less
Read more
Impact Snapshot
Event Time:
GOLD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GOLD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GOLD alerts
High impacting Barrick Gold Corporation (BC) news events
Weekly update
A roundup of the hottest topics
GOLD
News
- Barrick Gold Corporation (NYSE:GOLD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Barrick Gold First Quarter 2024 Earnings: EPS: US$0.17 (vs US$0.068 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Barrick (GOLD) Q1 Earnings Beat Estimates, Revenues Miss [Yahoo! Finance]Yahoo! Finance
- Barrick reports 146% surge in Q1 earnings, forms Jamaica JV [Yahoo! Finance]Yahoo! Finance
- Barrick Gold (GOLD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
GOLD
Earnings
- 5/1/24 - Beat
GOLD
Sec Filings
- 5/2/24 - Form 6-K
- 3/28/24 - Form 6-K
- 3/15/24 - Form 6-K
- GOLD's page on the SEC website