Barrick Gold Retained At Neutral
We are maintaining our Neutral recommendation on Barrick Gold Corporation (NYSE:ABX). The company’s first-quarter 2012 adjusted net earnings (excluding one time items) of $1.09 a share matched the Zacks Consensus Estimate. Revenues jumped 18% year over year to $3,644 million, missing the Zacks Consensus Estimate of $3,758 million. Gold production fell 4% year over year [...]
We are maintaining our Neutral recommendation on Barrick Gold Corporation (NYSE:ABX). The company’s first-quarter 2012 adjusted net earnings (excluding one time items) of $1.09 a share matched the Zacks Consensus Estimate. Revenues jumped 18% year over year to $3,644 million, missing the Zacks Consensus Estimate of $3,758 million.
Gold production fell 4% year over year while copper production jumped 56% from the year-ago period. Average realized gold price moved up 21% in the quarter whereas … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards