Soaring Yields Hit Barrick Gold Stock. Is This An Opportunity To Buy? [Forbes]
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
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Source: Forbes
UKRAINE - 2021/12/29: In this photo illustration, a Barrick Gold Corporation logo is seen on a... [+]smartphone and a computer screen and on the background. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)The shares ofBarrick Gold Corporation (NYSE: GOLD)However, we think there is good reason to look at Barrick stock following its decline. The stock currently trades at about 12x consensus 2022 earnings, down from levels of over 24x in 2020. Gold prices could look up in the medium term, given the tough global economic outlook and mounting macro uncertainties. U.S. GDP has contracted over the last two quarters straight with consumer confidence remaining weak. There are also concerns that Russia might escalate its war on Ukraine after its army suffered multiple setbacks earlier this month. These factors could make gold a bit more appealing, helping price realizations for Barrick, which is one of the world’s largest gold producers. Barrick also appears well p
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GOLD
News
- Spring Valley Gold Mine Begins Preparing for Environmental Impact Statement [Yahoo! Finance]Yahoo! Finance
- Golden Minerals Announces Return of El Quevar Silver Project [Yahoo! Finance]Yahoo! Finance
- Midland/Barrick Starts Sonic Drilling Program on Its Patris Gold Property [Yahoo! Finance]Yahoo! Finance
- Midland/Barrick Starts Sonic Drilling Program on Its Patris Gold Property [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Barrick Gold Stock: Pessimism Won't Last Forever [Seeking Alpha]Seeking Alpha
GOLD
Earnings
- 2/14/24 - Beat
GOLD
Sec Filings
- 3/15/24 - Form 6-K
- 3/15/24 - Form 6-K
- 3/15/24 - Form 40-F
- GOLD's page on the SEC website