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Why is Barrick Gold stock dropping?

Loading interactive chart... Shares of mining company Barrick Gold (GOLD) are dropping after its production figures fall below estimates, including for a commodity like gold (GC=F) as prices for the precious metal soar. Yahoo Finance monitors the movement in Barrick Gold Corporation's stock.

Is Barrick Gold a good stock to buy in 2024?

We forecast 2024 EPS of USD 0.94, about 12% higher than 2023, driven by higher gold prices. GOLD is trading within a range we consider fairly valued. Barrick's portfolio of mines helps diversify mine-specific and geopolitical risk that all gold miners face. Around half of Barrick’s gold production is in locales marked by higher sovereign risk.

Was Barrick Gold unable to beat production estimates in 2023?

The world's second-largest gold miner was unable to beat production estimates in 2023. Interactive Chart for Barrick Gold Corporation (GOLD), analyze all the data with a huge range of indicators.

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