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Barrick Gold Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Barrick Gold (TSE:ABX) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$3.16b (up 12% from 2Q 2023).
- Net income: US$370.0m (up 21% from 2Q 2023).
- Profit margin: 12% (in line with 2Q 2023).
- EPS: US$0.21 (up from US$0.17 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Barrick Gold Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company's shares are up 9.5% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Barrick Gold that you should be aware of before investing here.
Valuation is complex, but we're here to simplify it.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:ABX
Barrick Gold
Engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally.
Excellent balance sheet, good value and pays a dividend.