Barrick Gold’s first-quarter results

Barrick Gold (GOLD) released its first-quarter earnings results on May 8. Its EPS of $0.11 beat analysts’ estimate by $0.02, whereas its top line of $2.09 billion missed analysts’ average estimate by ~$60 million.

Could Barrick Gold Be Your Long-Term Gold Bet after Q1?

Sign up for Bagels & Stox, our witty take on the top market and investment news, straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.

Stock momentum

Barrick Gold stock had fallen 9.1% this year as of May 13, while the VanEck Vectors Gold Miners ETF (GDX) had fallen 7.7%. Barrick has also underperformed most peers. Newmont Goldcorp (NEM), Yamana Gold (AUY), Agnico Eagle Mines (AEM), and IAMGOLD (IAG) have returned -2.5%, 2.8%, 27.1%, and 5.0% this year, respectively. The initial euphoria created by Barrick’s merger seems to be over, and analysts and investors are now waiting for its benefits and execution plan.

Peers’ results

Most of Barrick’s peers (GDX) have released their results. Kinross Gold (KGC) released its earnings results on May 7. Whereas it missed analysts’ revenue estimate, its EPS of $0.07 beat their EPS estimate. Meanwhile, Yamana Gold’s (AUY) EPS of $0.02 beat analysts’ estimate by $0.01 but its top line of $407 million beat their estimate by ~1%, and Newmont Goldcorp (NEM) beat analysts’ EPS estimate of $0.27 by $0.06. Its revenue of $1.8 billion missed analysts’ estimate by $10 million.

Latest articles

After opening on a bearish note on Wednesday, Tesla (TSLA) was trading with 4.8% losses for the day, near $195.25 at 1:16 PM ET.

With voting conducted in seven phases panning six weeks, India’s (EPI) elections have been a grand affair—to say the least. Tomorrow is the day of the results.

Qualcomm (QCOM) stock fell more than 10% in the first half of trading on May 22 after it lost its licensing lawsuit with the US FTC (Federal Trade Commission).

Apple (AAPL) suffered a setback recently when the US Supreme Court allowed an antitrust lawsuit against the company to proceed.

Today doesn’t seem to be a good day for electric vehicle companies. Earlier today, NIO stock hit an all-time low of $4.00.

22 May

Cannabis Stocks Struggle to Find Direction


The cannabis sector has been struggling to find direction on May 22, with cannabis stocks trading on a largely mixed note in the first half.