Earnings Alerts

Barrick Gold (ABX) Earnings: 2Q Gold Sales Volume Miss Misses Estimates, On Track for FY Guidance

  • Preliminary gold sales volume for Q2: 956,000 ounces (estimate was 966,051 ounces).
  • Preliminary gold production for Q2: 948,000 ounces (estimate was 982,752 ounces).
  • Expected to meet full-year gold and copper production guidance.
  • 2024 gold and copper production expected to increase each quarter, with more production in the second half of the year.
  • Preliminary Q2 copper production: 43,000 tonnes.
  • Preliminary Q2 copper sales: 42,000 tonnes.
  • Analyst recommendations: 16 buys, 6 holds, 0 sells.

A look at Barrick Gold Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.4

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

Analysts give Barrick Gold a positive outlook with strong Smart Scores across various factors. The company scores highly in Value and Momentum, indicating a favorable financial position and positive market sentiment. With solid scores in Dividend, Growth, and Resilience as well, Barrick Gold demonstrates stability and potential for long-term growth.

Barrick Gold Corporation, an international gold company with operations on multiple continents, is well-positioned for sustained success. Investors can take confidence in the company’s strong Smart Scores across different key factors, suggesting a promising future ahead in the mining industry.


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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