Barrick (GOLD) Q1 Earnings Beat Estimates, Revenues Miss

Zacks05-02

Barrick Gold Corporation GOLD recorded net earnings (on a reported basis) of $295 million or 17 cents per share in first-quarter 2024. The figure improved from $120 million or 7 cents per share in the...

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The figure improved from $120 million or 7 cents per share in the...</p>\n\n<a href=\"https://finance.yahoo.com/news/barrick-gold-q1-earnings-beat-151100216.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Barrick (GOLD) Q1 Earnings Beat Estimates, Revenues Miss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBarrick (GOLD) Q1 Earnings Beat Estimates, Revenues Miss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-02 23:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/barrick-gold-q1-earnings-beat-151100216.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Barrick Gold Corporation GOLD recorded net earnings (on a reported basis) of $295 million or 17 cents per share in first-quarter 2024. The figure improved from $120 million or 7 cents per share in the...</p>\n\n<a href=\"https://finance.yahoo.com/news/barrick-gold-q1-earnings-beat-151100216.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOLD","symbol_name":"巴里克黄金","start_time":0,"source_url":"https://finance.yahoo.com/news/barrick-gold-q1-earnings-beat-151100216.html","article_id":"2432980706","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ShfhwtDyA2WzDBKdAL7M8Q--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/6f2cab89bf2cbad1966358e04258e202"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432980706","pubTimestamp":1714662660,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Barrick Gold CorporationGOLD recorded net earnings  of $295 million or 17 cents per share in first-quarter 2024. The figure improved from $120 million or 7 cents per share in the year-ago quarter.Barring one-time items, adjusted earnings per share were 19 cents. The figure beat the Zacks Consensus Estimate of 16 cents.Barrick recorded total sales of $2,747 million, up 4% year over year. The figure missed the Zacks Consensus Estimate of $2,932 million.Barrick Gold Corporation Price, Consensus and EPS Surprise. Barrick Gold Corporation price-consensus-eps-surprise-chart | Barrick Gold Corporation Quote. Total gold production was 940,000 ounces in the reported quarter, down around 1.3% year over year. Our estimate for the same was 963,000 ounces. The average realized price of gold was $2,075 per ounce in the quarter, up around 9% year over year. This compares to our estimate of $1,979.L.B. Foster is slated to report first-quarter results on May 7. The consensus estimate for FSTR’s first-q","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GOLD":"巴里克黄金"},"translate_title":"巴里克（黄金）Q1盈利超出预期，收入低于预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOLD":1},"content_text":"Barrick Gold Corporation GOLD recorded net earnings (on a reported basis) of $295 million or 17 cents per share in first-quarter 2024. The figure improved from $120 million or 7 cents per share in the year-ago quarter.\nBarring one-time items, adjusted earnings per share were 19 cents. The figure beat the Zacks Consensus Estimate of 16 cents.\nBarrick recorded total sales of $2,747 million, up 4% year over year. The figure missed the Zacks Consensus Estimate of $2,932 million.\n\nBarrick Gold Corporation Price, Consensus and EPS Surprise\n\nBarrick Gold Corporation price-consensus-eps-surprise-chart | Barrick Gold Corporation Quote\n\n \nOperational Highlights\nTotal gold production was 940,000 ounces in the reported quarter, down around 1.3% year over year. Our estimate for the same was 963,000 ounces. The average realized price of gold was $2,075 per ounce in the quarter, up around 9% year over year. This compares to our estimate of $1,979.\nThe cost of sales increased around 3.4% year over year to $1,425 per ounce. All-in-sustaining costs (AISC) moved up around 7.6% year over year to $1,474 per ounce in the quarter.\nCopper production remained flat year over year to 40,000 tons. The average realized copper price was $3.86 per pound, down 8% year over year.\nFinancial Position\nAt the end of the quarter, Barrick had cash and cash equivalents of $3,942 million, down 10% year over year. The company’s total debt was $4,725 million at the end of the quarter, down 1% year over year.\nThe operating cash flow was $760 million in the quarter, while free cash flow was $32 million.\nGuidance\nFor 2024, Barrick anticipates attributable gold production to be in the range of 3.9-4.3 million ounces.\nAISC is projected to be $1,320-$1,420 per ounce. Cash costs per ounce are forecast to be $940-$1,020. The company also expects to see a cost of sales of $1,320-$1,420 per ounce.\nGOLD expects a copper production of 180,000-210,000 tons at an AISC of $3.10-$3.40 per pound, cash costs per pound of $2-$2.30 and cost of sales of $2.65-$2.95 per pound.\nCapital expenditures are projected in the range of $2,500-$2,900 million for 2024.\nPrice Performance\nBarrick’s shares have lost 17.3% in the past year compared with a 6.8% fall of the industry.\nImage Source: Zacks Investment Research\nZacks Rank & Key Picks\nBarrick currently carries a Zacks Rank #3 (Hold).\nSome better-ranked stocks in the Basic Materials space are Gold Fields Limited GFI, sporting a Zacks Rank #1 (Strong Buy) and L.B. Foster Company FSTR and American Vanguard Corporation AVD, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nThe consensus estimate for GFI’s first-quarter earnings is pegged at 22 cents per share. The Zacks Consensus Estimate for GFI’s first-quarter earnings has been stable in the past 60 days.\nL.B. Foster is slated to report first-quarter results on May 7. The consensus estimate for FSTR’s first-quarter earnings is pegged at a loss of 16 cents per share. The company’s shares have rallied 116.1% in the past year.\nAVD is expected to report first-quarter results on May 14. The consensus estimate for AVD’s first-quarter earnings is pegged at 8 cents per share, indicating a year-over-year rise of 14.3%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nGold Fields Limited (GFI) : Free Stock Analysis Report\nL.B. Foster Company (FSTR) : Free Stock Analysis Report\nBarrick Gold Corporation (GOLD) : Free Stock Analysis Report\nAmerican Vanguard Corporation (AVD) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432980706"}