Why Barrick Gold (GOLD) Dipped More Than Broader Market Today

Zacks12-20 06:50

Barrick Gold (GOLD) closed the latest trading day at $15.23, indicating a -1.81% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.09%. At the ...

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The stock trailed the S&P 500, which registered a daily loss of 0.09%. At the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-barrick-gold-gold-dipped-225018298.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":"LU0498741890.SGD","symbol_name":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/why-barrick-gold-gold-dipped-225018298.html","article_id":"2492347744","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ksLAzii1aL14haHFbPC1Rg--~B/aD02MDE7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/bdc2850a48a0f40806db817a9e24f36f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492347744","pubTimestamp":1734648618,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Barrick Gold  closed the latest trading day at $15.23, indicating a -1.81% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.09%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq lost 0.1%.Shares of the gold and copper mining company witnessed a loss of 13.3% over the previous month, trailing the performance of the Basic Materials sector with its loss of 7.73% and the S&P 500's loss of 0.29%.Market participants will be closely following the financial results of Barrick Gold in its upcoming release. The company is predicted to post an EPS of $0.46, indicating a 70.37% growth compared to the equivalent quarter last year.Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Barrick Gold. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company'","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","BK4017":"黄金","SG9999001143.SGD":"United Gold and General A Acc SGD","LU0345780521.USD":"NINETY ONE GSF GLOBAL GOLD \"A\" (USD) INC","LU0498741114.HKD":"FRANKLIN GOLD & PRECIOUS METALS \"A\" (HKD) ACC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU0630314457.HKD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","BK4532":"文艺复兴科技持仓","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","LU0788108826.HKD":"BGF WORLD GOLD \"A2\" (HKDHGD) ACC","BK4570":"地缘局势概念股","BK4585":"ETF&股票定投概念","LU0724618789.USD":"BGF WORLD GOLD \"A4\" (USD) INC","LU1223083913.SGD":"Schroder ISF Global Gold A Acc SGD-H","LU0055631609.USD":"贝莱德世界黄金基金A2","LU0345781412.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) INC","LU1223082196.USD":"施罗德环球黄金A Acc","LU0075056555.USD":"贝莱德世界矿业基金A2","GOLD":"巴里克黄金","LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","LU0345780281.USD":"NINETY ONE GSF GLOBAL GOLD \"A\"  ACC","LU0368265764.SGD":"Blackrock World Gold Fund A2 SGD-H","BK4588":"碎股","LU0496367417.USD":"富兰克林黄金和贵金属A（acc）","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC"},"translate_title":"为什么巴里克黄金(GOLD)今天跌幅超过大盘","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOLD":1},"content_text":"Barrick Gold (GOLD) closed the latest trading day at $15.23, indicating a -1.81% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.09%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq lost 0.1%.\nShares of the gold and copper mining company witnessed a loss of 13.3% over the previous month, trailing the performance of the Basic Materials sector with its loss of 7.73% and the S&P 500's loss of 0.29%.\nMarket participants will be closely following the financial results of Barrick Gold in its upcoming release. The company is predicted to post an EPS of $0.46, indicating a 70.37% growth compared to the equivalent quarter last year.\nFor the full year, the Zacks Consensus Estimates project earnings of $1.28 per share and a revenue of $13.48 billion, demonstrating changes of +52.38% and +18.31%, respectively, from the preceding year.\nFurthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Barrick Gold. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.\nOur research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.\nThe Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.22% lower. At present, Barrick Gold boasts a Zacks Rank of #3 (Hold).\nInvestors should also note Barrick Gold's current valuation metrics, including its Forward P/E ratio of 12.16. This expresses no noticeable deviation compared to the average Forward P/E of 12.16 of its industry.\nOne should further note that GOLD currently holds a PEG ratio of 0.41. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. GOLD's industry had an average PEG ratio of 0.51 as of yesterday's close.\nThe Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 79, this industry ranks in the top 32% of all industries, numbering over 250.\nThe Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.\nBe sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.\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\nBarrick Gold Corporation (GOLD) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"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":"4.29.3","shortVersion":"4.29.3","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/2492347744"}