Barrick Gold Corporation Stock News

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Barrick Gold Corporation (NYSE:GOLD ) Q3 2024 Results Conference Call November 7, 2024 11:00 AM ET Company Participants Mark Bristow - President and Chief Executive Officer Graham Shuttleworth - Senior Executive Vice-President, Chief Financial Officer Simon Jimenez - Chief Advisor, Strategy & Human Rights John Steele - Metallurgy, Engineering and Capital Projects Executive Simon Bottoms - Miner...

Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) reported a solid performance in its third quarter, with free cash flow growing by 30% sequentially to $444 million, beating analysts' estimates. Adjusted earnings per share (EPS) for the quarter came in at $0.30, surpassing Barrick's internal forecast of $0.29 but narrowly missing consensus estimates of $0.31.

Third Quarter 2024 Results All amounts expressed in U.S. dollars TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) dealt with ongoing challenges and made significant progress on many fronts in the third quarter of the year to keep its annual production and cost guidance within reach on the back of the strong performance anticipated in Q4. Gold production w...

All amounts expressed in US dollars TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced the declaration of a dividend of $0.10 per share for the third quarter of 2024. The dividend is consistent with the Company's Performance Dividend Policy announced at the start of 2022.

I am initiating coverage on Barrick Gold with a "Buy" rating, expecting the stock to outperform over the next 24 to 36 months. Barrick Gold is undervalued with a forward EV/EBITDA of 6.47, compared to the sector median of 8.69, indicating significant upside potential. Strong fundamentals, including a low net-debt position and robust cash flow, support potential dividend growth, share repurchase...

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