Which Gold Stocks Could Beat Analysts’ Earnings Expectations in Q1?

Many gold miners (RING) are set to release their first-quarter results shortly. Analysts expect Barrick Gold’s (GOLD) EBITDA to rise 6.2% YoY (year-over-year) in the first quarter.

Anuradha Garg - Author
By

Apr. 26 2019, Published 11:08 a.m. ET

uploads///EBITDA

Earnings estimates

Many gold miners (RING) are set to release their first-quarter results shortly. Analysts expect Barrick Gold’s (GOLD) EBITDA to rise 6.2% YoY (year-over-year) in the first quarter. They expect it to rise less than its revenue due to higher costs.

Article continues below advertisement
Article continues below advertisement

Kinross Gold

Analysts expect Kinross Gold’s (KGC) EBITDA to fall 31.4% YoY in the first quarter, in line with their revenue estimate. This year, they expect KGC’s EBITDA to rise 12.3% YoY.

Agnico Eagle and Yamana Gold

Analysts expect Agnico Eagle Mines’ (AEM) EBITDA to fall 10.5% YoY in the first quarter, but rise 29% YoY to $972 million this year. The company’s profitability is expected to start climbing later this year after project completion.

Analysts expect Yamana Gold’s (AUY) EBITDA to rise 0.2% YoY to $157.0 million in the first quarter. After the start-up of its Cerro Moro mine, its earnings have flattened. This year, its EBITDA are expected to be more or less flat at $697 million, falling just 0.2% YoY.

Advertisement

Latest iShares MSCI Global Gold Miners News and Updates

    Opt-out of personalized ads

    © Copyright 2024 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.