- Barrick Mining’s adjusted earnings per share (EPS) for Q2 was 47 cents, surpassing last year’s 32 cents and beating the estimate of 46 cents.
- The company reported revenue of $3.68 billion, marking a 16% year-over-year increase and meeting expectations.
- Adjusted EBITDA for the quarter was $2.32 billion.
- The realized gold price per ounce was $3,295.
- Gold sales volume decreased by 19% to 770,000 ounces, below the estimated 791,971 ounces.
- Gold production was slightly below expectations, at 797,000 ounces, compared to the estimated 800,082 ounces.
- Copper production rose by 37% year-over-year, reaching 59,000 tonnes.
- Free cash flow increased by 16% to $395 million, exceeding the estimate of $363 million.
- Capital expenditure for the quarter was $934 million, a 14% increase from the previous year.
- The company has received 14 buy ratings, 9 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 | 4 | |
| Momentum | 4 | |
| 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
Analysts assessing Barrick Gold Corporation’s long-term outlook have indicated a positive sentiment towards the company. With high scores in Value, Resilience, and Momentum, Barrick Gold appears to be well-positioned for growth and stability in the gold market. Being recognized for its strong value proposition, robust resilience, and favorable momentum, Barrick Gold showcases promising attributes for investors seeking a gold company with a solid foundation.
Barrick Gold’s above-average scores in Value, Resilience, and Momentum underscore the company’s potential for long-term success. By excelling in these key factors, Barrick Gold demonstrates its capacity to weather market fluctuations and capitalize on growth opportunities. With a diverse portfolio of operating mines and development projects across various continents, Barrick Gold solidifies its position as a noteworthy player in the international gold 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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