- Adjusted EPS: Barrick Gold’s adjusted EPS for Q2 was 32 cents, beating the estimate of 27 cents and up from 19 cents year-over-year.
- Revenue: Revenue for the quarter was $3.16 billion, a 12% increase year-over-year but slightly below the estimate of $3.17 billion.
- Gold Sales Volume: The company sold 956,000 ounces of gold, a 4.5% decline from the previous year, just above the estimate of 954,700 ounces.
- Free Cash Flow: Free cash flow surged to $340 million, compared to $63 million last year, and exceeded the estimate of $286.7 million.
- Gold Production: Gold production stood at 948,000 ounces, slightly under the estimate of 956,175 ounces.
- Capital Expenditure: Capital expenditure for the quarter was $819 million.
- Annual Forecast:
- Gold production is projected to be between 3.90 million to 4.30 million ounces, aligning closely with the estimate of 4.08 million ounces.
- The all-in sustaining cost per ounce of gold is estimated to be between $1,320 to $1,420.
- Capital expenditure for the year is forecasted to be between $2.50 billion to $2.90 billion, below the estimate of $3.2 billion.
- Analyst Ratings: The stock has 15 buy ratings, 6 hold ratings, and no sell ratings from analysts.
A look at Barrick Gold Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking ahead, Barrick Gold Corporation, an international gold company with operations across several continents, seems to have a positive long-term outlook based on its Smartkarma Smart Scores. With a strong value score of 4, Barrick Gold is perceived favorably in terms of its valuation, indicating that it may be undervalued relative to its potential. Additionally, the company receives solid scores in terms of momentum, reflecting positive market sentiment and potential growth opportunities. While the dividend, growth, and resilience scores are not the highest, they still suggest that Barrick Gold possesses stability and opportunities for expansion in the future.
Considering the overall outlook based on the Smart Scores, Barrick Gold appears to have a promising future trajectory. The company’s diversified geographical presence across the United States, Canada, South America, Australia, and Africa provides a strong foundation for growth and sustainability. Investors may view Barrick Gold as a valuable asset for their portfolios, given its balanced performance across various key factors evaluated by Smartkarma. As such, Barrick Gold’s positive Smart Scores indicate a potentially fruitful investment opportunity in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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