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- Barrick Gold beats Q4 expectations
- Founded: 1983
- Headquarters: Toronto, Ontario, Canada
- Number of employees: 18,421
- Industry: Metals and mining
- Key people: John L. Thornton (Executive Chairman), Mark Bristow (President and Chief Executive Officer)
- 5 day: -5.73%
- 1 month: -9.54%
- 3 months: -9.83%
- Year-to-date: -22.19%
- 1 year: -18.03%
- Raymond James: $24
- CIBC: $23
- BMP Capital Markets: $27
- Citigroup: $18
- TD Securities: $22
- Scotiabank: $25
- UBS Group: $23
- Jefferies Financial Group: $15
- CSFB: $20
- Barclays: $28
- The Goldman Sachs Group: $22
- Fundamental Research: $19.02
- Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours
- Reduce your risk and hedge your existing positions ahead of a new trading day
- Extended trading hours on popular US stocks means extended opportunities
News & AnalysisCanadian mining company Barrick Gold Corporation (NYSE: GOLD) reported Q4 2023 financial results before the US market opened on Wednesday.
The world’s second-largest gold miner achieved revenue of $3.126 billion for Q4 2023, up from $2.943 billion in Q3 2023 vs. $3.128 billion expected.
Earnings per share reported at $0.276, exceeding analyst estimate of $0.205.
The company announced a $0.10 per share dividend for all shareholders as of 29/2/24.
Company overview
CEO commentary
CEO of Barrick Gold, Mark Bristow, had this to say in a letter to shareholders: ”In true Barrick fashion, we kept our focus, dealt with the challenges, progressed our long-term strategic plans and delivered on some of our key objectives. Most significantly, we have sustained our industry-leading organic growth outlook and are still projecting a 30% increase in gold equivalent3 production by the end of this decade.”
Stock reaction
The stock was down by 0.42% during the day on Wednesday after the latest results were announced, trading at $14.09 a share – lowest since 3/11/22.
Stock performance
Barrick Gold stock price targets
Barrick Gold Corporation is the 743rd largest company in the world with a market cap of $24.77 billion, according to CompaniesMarketCap.
You can trade Barrick Gold Corporation (NYSE: GOLD) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to ”Trading” then select ”Share CFDs”.
GO Markets offers pre-market and after-market trading on popular US Share CFDs.
Why trade during extended hours?
Sources: Barrick Gold Corporation, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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