$Barrick Gold Corp(GOLD)$ The world's second-largest gold miner Barrick Gold (GOLD) is gearing up to release its Q2 earnings report ahead of Monday's market open. Analysts are bullish, predicting a 45% surge in profits.
Meanwhile, sell-side analysts recommend a Buy and Seeking Alpha's Quant Rating system assigns the stock a Strong Buy rating.
Last month, the company provided a preliminary production update, revealing increased gold and copper output compared to the previous quarter. The miner remains confident in meeting its full-year production targets, anticipating a steady rise in output throughout the year, with a particular emphasis on the second half.
Consensus EPS Estimates: $0.28
Consensus Revenue Estimates: $3.13B
Earnings Insight: Barrick has beaten analyst estimates on EPS in 8 straight quarters, rising above revenue expectations in 4 of those reports.
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