Company Of The Day: Barrick Gold
What?
Barrick Gold (NYSE:GOLD) published a stronger-than-expected set of Q1 2021 results, with adjusted net profits rising 78% year-over-year to $507 million.
Why?
- Barrick Stock Trades Below Intrinsic Value Despite Firm Gold Prices And A Strong Production Outlook
- Why Barrick Stock Is Underperforming Despite Strong Gold Prices
- Will Barrick Gold Stock Recover From The Sell Off?
- With Gold Prices Firming, Is Barrick Gold Stock A Buy?
- Soaring Yields Hit Barrick Gold Stock. Is This An Opportunity To Buy?
- Should You Buy Barrick Gold Stock As Copper Production Soars?
The year-over-year profit growth was driven primarily by stronger gold and copper prices.
So What?
The company says that it remains on track to meet its full-year targets, with production for the second half of the year likely to be stronger than the first, driven by scaling up of production at mines in Tanzania and Zambia.
Click here for the full Trefis coverage of Barrick Gold
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