Barrick Gold Stock Declines Amid Rising Market: Key Insights Ahead of Earnings

Reported 24 days ago

Barrick Gold (GOLD) shares fell by 1.4% to close at $19.05, underperforming the S&P 500, which rose by 0.41%. Over the past month, the stock has decreased by 2.67%, contrasting with the Basic Materials sector's decline of 3.44%. Investors are keenly anticipating the upcoming earnings report on November 7, 2024, where an EPS of $0.33 is expected, reflecting a significant year-over-year growth. Despite recent challenges, Barrick Gold holds a Zacks Rank of #2 (Buy), indicating positive analyst sentiment, bolstered by a favorable PEG ratio of 0.46 compared to the industry average.

Source: YAHOO

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