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Barrick Gold Exceeds Q2 Estimates, Stock Rises Over 2%

Aug 12, 2024, 12:12 PM

Barrick Gold has exceeded second-quarter profit estimates, driven by higher gold prices and robust output. The company reported earnings before the market opened, with analysts estimating $3.14 billion in revenue, marking a 10.84% year-over-year increase, and $0.27 earnings per share, a 42.11% increase year-over-year. The positive earnings report has led to a more than 2% rise in Barrick Gold's stock price premarket. Additionally, Barrick Gold has declared a dividend, further boosting investor confidence.