2023-05-02 12:30:44 ET
- Barrick Gold ( NYSE: GOLD ) is scheduled to announce Q1 earnings results on Wednesday, May 3rd, before market open.
- The consensus EPS estimate is $0.12 and the consensus revenue estimate is $2.57B.
- Over the last 2 years, GOLD has beaten EPS estimates 100% of the time and has beaten revenue estimates 50% of the time.
- Over the last 3 months, EPS estimates have seen 1 upward revision and 9 downward. Revenue estimates have seen 0 upward revisions and 3 downward.
- The company on Feb. 7 reported Q4 Non-GAAP EPS of $0.13, beating estimates by $0.01. Revenue of $2.77B was -16.3% Y/Y and missed consensus by $20M.
- GOLD has a Quant rating of "Hold", with a 3.31 rating score.
- GOLD has an industry ranking of 17 out of 44 among gold stocks, as per SA's Quant ranking.
- Wall Street analysts and Seeking Alpha authors rate the GOLD stock "Buy".
- Recent Analysis: High Yield Investor, leader of the namesake investing group on Seeking Alpha, wrote in a recently published report , "In our view, GOLD is a strong buy due to the near-term catalysts emerging for gold prices as well, its strong copper production growth runway, and the potential for long-term upside in copper prices. On top of that, its valuation also remains among the most attractive in the sector on an EV/EBITDA basis, its dividend is among the highest in the sector as well (especially when including its special dividends that it often pays), and its share buybacks have been well-timed to reduce shares outstanding during dips in the stock price."
- Seeking Alpha contributor Taylor Dart recently said , "Barrick Gold may have had a tough year operationally like many of its peers, but it posted solid reserve replacement for the second consecutive year. In addition, total mineral resources continue to grow, and there looks to be upside to reserves from Nevada (Fourmile, REN, Arturo, Robertson Extensions), and elsewhere in the world from Kibali, Lumwana, and Reko Diq. Combined with a shrinking share count related to Barrick's opportunistic share buybacks ($424 million spent in 2022), we should see an improvement in its reserve growth per share trend. However, I prefer to only put capital to work when the odds are stacked heavily in my favor, and while that was the case below US$16.00 , I don't see a low-risk buying opportunity at this moment. Hence, patience looks to be the best course of action."
- Other analysis from our contributors: Barrick Gold: Emerging Risks by Real Investments.
- Barrick Gold: Don't Buy The Rip by JR Research, leader of the " Ultimate Growth Investing " Investing Group on Seeking Alpha.
- Recent News: Newmont, Barrick Gold added as new long ideas at Hedgeye .
- Barrick Gold says on track to achieve 2023 production targets despite lower Q1 .
- Barrick set to restart Porgera gold mine after deal with Papua New Guinea .
- Stock is up 7.2% so far this year as of Monday's close.
For further details see:
Barrick Gold Q1 2023 earnings on deck, what to expect