Randgold Resources Limited - American Depositary Shares each represented by one (GOLD)
17.44
+0.40 (2.35%)
Barrick Gold Corp is a leading global mining company primarily focused on the extraction and production of gold, along with the mining of other metals such as copper
With a portfolio of strong, diverse assets located across various regions, the company is dedicated to sustainable and responsible mining practices. Barrick Gold employs advanced technologies and innovative methods to enhance operational efficiency and reduce environmental impact, while also prioritizing community engagement and development initiatives in the areas where it operates. The company's commitment to growth and value creation is reflected in its strategic partnerships and exploration efforts to discover new resources.
The prospect of new trade restrictions has heightened concerns about inflation and potential trade wars, fueling demand for gold, traditionally seen as a hedge against economic and geopolitical instability.
Kinross Gold receives a double upgrade to "Buy" with a price target of $12.75, as production forecasts rise to 2M GEOs annually. Barrick Gold, however, faces challenges with mine shutdowns and tax disputes, leading to a downgrade to "Neutral." Analyst adjustments project Kinross boosting shareholder returns in 2025, while Barrick grapples with risks in Mali and the Dominican Republic.
Barrick Gold is reshaping its portfolio to prioritize large-scale projects and profit from copper tailwinds. Reko Diq project in Pakistan could generate $74B in free cash flow, despite challenges in the region.
Barrick Gold shares are trading higher by 1.4% during Friday's session. Mining stocks are rising, likely in sympathy with Rio Tinto and Glencore's potential merger talks.
Amid an ongoing revenue dispute with Mali, Barrick Gold’s temporary shutdown has retail investors on Stocktwits questioning the company’s future operations in the region.
TRC Capital seeks to purchase up to 5 million of Barrick's common shares, representing about 0.29% of the outstanding shares of the second-largest gold miner.
Barrick Gold warns of potential suspension at Loulo-Gounkoto mining complex in Mali due to government's gold shipment restrictions. CEO calls situation "unwarranted" and "deeply regrettable." Other foreign miners also facing issues.
Gold's glitter is fading for Barrick and Newmont as stocks hit Death Cross, down year-to-date. Geopolitical tensions and rising yields add to the woes.
While most of the commodity price action has been headed to gold, some views suggest oil might be the better buy today. Analysts and institutions agree
Gold has been on a volatile ride but has recovered most of its declines post-election; how should investors approach the precious metal heading to the new year?
