2024-04-16 17:52:36 ET
Summary
- Barrick Gold stock has pulled back due to two big headwinds that have recently slammed into the company.
- I assess these two headwinds and share some thoughts on the upcoming Q1 earnings call.
- I also share my latest thoughts on whether or not GOLD is worth buying on the dip.
Barrick Gold stock ( GOLD ) has recently pulled back sharply due to two big headwinds:
- Rumors are spreading that Mali's Russian-backed military regime may seize control of GOLD's Loulo-Gounkoto mining complex, which is one of the world's largest producing gold mines and also is one of GOLD's lowest-cost mines.
- GOLD's recently released Q1 preliminary production numbers lagged expectations.
Read the full article on Seeking Alpha
For further details see:
Barrick Gold Stock: Is It A Buy On The Dip Ahead Of Earnings?