- Barrick Gold’s third-quarter gold sales volume was 967,000 ounces, a 5.8% decrease compared to the previous year.
- The estimate for gold sales volume was 1.02 million ounces, which the reported sales missed.
- Gold production for the quarter was 943,000 ounces, falling short of the estimate of 1.02 million ounces.
- Copper production for the same period was 48,000 tonnes.
- The company expects a significantly stronger fourth quarter to meet its full-year gold and copper production guidance.
- Barrick Gold plans to release its quarterly results on November 7, before the North American markets open.
- Current analyst ratings on the company are 15 “buys,” 6 “holds,” and 0 “sells.”
A look at Barrick Gold Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
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
Based on the Smartkarma Smart Scores, Barrick Gold is projected to have a positive long-term outlook. The company has received high scores across various factors, with a strong momentum score of 5 indicating a favorable trend in its performance. Additionally, Barrick Gold scored well in terms of value, resilience, dividend, and growth, further highlighting its overall strength as an investment option. With operations in multiple regions including the United States, Canada, South America, Australia, and Africa, Barrick Gold Corporation is well-positioned to capitalize on opportunities in the global gold market.
In summary, Barrick Gold Corporation is positioned for long-term success based on its solid performance across key factors that contribute to its overall Smartkarma Smart Scores. With a strong momentum score and high ratings in value, dividend, growth, and resilience, Barrick Gold demonstrates its potential for continued growth and stability in the international gold market. Investors may view Barrick Gold as a promising investment opportunity with a positive outlook for the future.
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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