- Barrick Gold’s 1Q gold sales volume is 910,000 oz, a decrease of 4.6% from the previous year.
- The number fell short of the estimated 968,641 oz.
- In terms of gold production, the company produced 940,000 oz, which is also lower than the estimated 978,404 oz.
- Barrick Gold anticipates that gold and copper production will increase progressively each quarter of 2024.
- The company reaffirms that it remains on track to reach its full year gold and copper production guidance.
- Lower gold production in Q1 compared to Q4 2023 is a result of planned maintenance at Nevada Gold Mines and mine sequencing at various other sites.
- Current market sentiments on Barrick Gold stock include 15 buys, 7 holds and 1 sell.
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
Based on Smartkarma’s Smart Scores, Barrick Gold is positioned well for long-term growth. With strong ratings in Value and Momentum, the company shows promise for investors seeking a company with solid fundamentals and positive market performance.
Barrick Gold, an international gold company with diverse operations, receives favorable Smart Scores in areas such as Value and Momentum, indicating a positive outlook for the company’s future performance. Investors looking for a company with a good mix of value and growth potential may find Barrick Gold an attractive option for their portfolio.
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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