Barrick Gold Q3 2016 Earnings Preview: Higher Gold Prices To Boost Results

October 25th, 2016 by Trefis Team

We expect Barrick Gold to report an improvement in its Q3 earnings, driven by an environment of elevated gold prices in the third quarter. Gold prices were sharply higher on a year-over-year basis in the third quarter this year, driven by a surge in the investment demand for gold, resulting from concerns over global economic growth and the uncertainty created by the outcome of the UK’s EU referendum. In addition to the impact of higher gold prices, the success of Barrick’s cost reduction initiatives (as a result of the sale of high-cost mines and operational improvements) will benefit the company’s bottom line. The following table summarizes our Q3 earnings expectations for Barrick Gold.

ABX Q3 2016 Pre-Earnings

Have more questions about Barrick Gold? See the links below.

Relevant Articles
  1. Will Colgate-Palmolive Stock See Higher Levels After Over A 15% Rise This Year?
  2. Will Amgen Stock Continue To See Higher Levels Driven By Its Obesity Injection?
  3. Down 8% This Year, Will Beyond Meat Stock Recover Following Q1 Results?
  4. With The Stock Flat This Year, Will Q3 Results Drive News Corp’s Stock Higher?
  5. Up 10% This Year, Does Johnson Controls Stock Still Have Room To Grow?
  6. How Are Qualcomm And Other Apple Suppliers Faring This Year?

Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Barrick Gold

See More at Trefis | View Interactive Institutional Research (Powered by Trefis)

Get Trefis Technology