Barrick Gold Company GOLD recorded web earnings (on a reported foundation) of $996 million or 57 cents per share for fourth-quarter 2024. The determine improved from a revenue of $479 million or 27 cents per share within the year-ago quarter.
Barring one-time gadgets, adjusted earnings per share have been 46 cents. The determine beat the Zacks Consensus Estimate of 41 cents.
Discover the newest EPS estimates and surprises on Zacks Earnings Calendar.
Barrick recorded whole gross sales of $3,645 million, up roughly 19.2% 12 months over 12 months.
Barrick Gold Company Value, Consensus and EPS Shock
Barrick Gold Corporation price-consensus-eps-surprise-chart | Barrick Gold Company Quote
GOLD’s Operational Highlights
Complete gold manufacturing was 1,080,000 ounces within the reported quarter, up roughly 2.5% 12 months over 12 months. The common realized value of gold was $2,657 per ounce within the quarter, up round 33.8%.
The price of gross sales elevated about 5.1% 12 months over 12 months to $1,428 per ounce. All-in-sustaining prices (AISC) moved up round 6.4% to $1,451 per ounce within the quarter.
GOLD’s Monetary Place
On the finish of the quarter, Barrick had money and money equivalents of $4,074 million, down 1.8% 12 months over 12 months. The corporate’s whole debt was $4,729 million on the finish of the quarter, flat 12 months over 12 months.
The working money stream was $1,392 million within the reported quarter, whereas free money stream was $501 million.
GOLD’s FY24 Outcomes
For 2024, Barrick reported whole gross sales of $12,922 million, up 13% from the earlier 12 months’s degree. Earnings surged 69% 12 months over 12 months to $1.22 per share, whereas adjusted web earnings have been up 50%, reaching $1.26. Working money flows rose 20% 12 months over 12 months to just about $4.5 billion. Free money stream surged 104% and totaled $1,317 million.
GOLD’s Steerage
For 2025, Barrick anticipates attributable gold manufacturing to be within the vary of three.15-3.5 million ounces.
AISC is projected to be $1,460-$1,560 per ounce for 2025. Money prices per ounce are forecast to be $1,050-$1,130. The corporate additionally expects to see a value of gross sales of $1,460-$1,560 per ounce.
GOLD expects a copper manufacturing of 200,000-230,000 tons at AISC of $2.80-$3.10 per pound, money prices per ounce of $1.80-$2.10 and value of gross sales of $2.50-$2.80 per pound.
Complete attributable capital expenditures are projected within the vary of $3,100-$3,600 million for 2025.
GOLD’s board approved a brand new program for the repurchase of as much as $1 billion of its excellent frequent shares over the following 12 months. In reference to the brand new share buyback program, Barrick terminated the share repurchase program introduced on Feb. 14, 2024. It purchased again $498 million in frequent shares beneath its 2024 program.
GOLD’s Value Efficiency
Barrick’s shares have gained 29.3% previously 12 months in opposition to a 57.1% rise of the industry.
Picture Supply: Zacks Funding Analysis
GOLD’s Zacks Rank & Key Picks
Barrick Gold at present carries a Zacks Rank #3 (Maintain).
Higher-ranked shares price a glance within the primary supplies area embrace ICL Group Ltd. ICL, Nutrien Ltd. NTR and Ingevity Company NGVT.
ICL is slated to report fourth-quarter outcomes on Feb. 26. The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 6 cents. ICL beat the Zacks Consensus Estimate in every of the final 4 quarters, with the common earnings shock being 18.1%. ICL carries a Zacks Rank #2 (Purchase). You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Nutrien is scheduled to launch fourth-quarter outcomes on Feb.19. The Zacks Consensus Estimate for NTR’s fourth-quarter earnings is pegged at 33 cents. NTR, a Zacks Rank #2 inventory, has gained round 2% previously 12 months.
Ingevity is slated to report fourth-quarter outcomes on Feb. 18, after market shut. The consensus estimate for Ingevity’s fourth-quarter earnings is pegged at 12 cents. NGVT, carrying a Zacks Rank #1, beat the consensus estimate in three of the final 4 quarters whereas lacking as soon as, with the common earnings shock being 95.4%.
Zacks’ Analysis Chief Names “Inventory Most More likely to Double”
Our workforce of specialists has simply launched the 5 shares with the best likelihood of gaining +100% or extra within the coming months. Of these 5, Director of Analysis Sheraz Mian highlights the one inventory set to climb highest.
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Free: See Our Top Stock And 4 Runners Up
Barrick Gold Corporation (GOLD) : Free Stock Analysis Report
ICL Group Ltd. (ICL) : Free Stock Analysis Report
Ingevity Corporation (NGVT) : Free Stock Analysis Report
Nutrien Ltd. (NTR) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
