- Barrick Gold ( NYSE: GOLD ) is scheduled to announce Q4 earnings results on Wednesday, February 15th, before market open.
- The consensus EPS Estimate is $0.12 and the consensus Revenue Estimate is $2.8B (-15.4% Y/Y).
- Over the last 2 years, GOLD has beaten EPS estimates 100% of the time and has beaten revenue estimates 63% of the time.
- Over the last 3 months, EPS estimates have seen 0 upward revisions and 12 downward. Revenue estimates have seen 0 upward revisions and 3 downward.
- The company on Nov. 3 posted Q3 Non-GAAP EPS of $0.13, beating consensus by 2 cents, and revenue of $2.53B was down -10.3% Y/Y, but topped expectations by $60M.
- GOLD has a Quant rating of HOLD, with a 3.01 rating score.
- GOLD has an industry ranking of 23 out of 45 in the gold sector, as per SA's Quant ranking.
- Wall Street analysts and most Seeking Alpha Authors rate the GOLD stock BUY .
- Last week, SA contributor Pearl Gray Equity and Research said it is bearish on Barrick on the premise of underwhelming operational performance and an overblown gold price outlook.
- "In our analysis of Barrick Gold, we discovered a few critical operational headwinds, which could see the stock trail its peers in the coming quarters. Observations suggest that input costs might taper; yet, an overblown gold price argument coupled with questionable project ramp-ups and worrisome opportunity costs might cause Barrick Gold's stock to capitulate," Pearl Gray said.
- Other recent analysis from our contributors: Barrick Gold: M&A Heating Up, Will Barrick Overpay Again? by Macrotips Trading.
- In January, the company reported preliminary gold production of 4.14M oz for 2022, slightly below guidance of 4.2M oz and its third straight decline in annual output, while full-year copper production of 440M lbs was in line with guidance of 420M-470M lbs.
- GOLD stock fell 5.3% in 2022, while the benchmark S&P 500 index slipped nearly 20%.
For further details see:
Barrick Gold Q4 earnings on deck, what to expect