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GOLD-BARRICK GOLD CORP

Barrick Gold Corporation Thrives Amid Rising Gold Prices, Reports Strong Earnings and Strategic Growth Plans Despite Operational Challenges

Sunday

23 February, 2025

Barrick Gold Corporation is riding the wave of rising gold prices, reporting a remarkable Q4 2024 with net earnings soaring to $996 million. As the company navigates operational challenges, can its strategic growth plans and strong financials sustain this momentum in an unpredictable market?

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Key Takeaways
  • Barrick Gold Corporation reported impressive Q4 2024 results, with net earnings reaching $996 million and adjusted EPS at 46 cents.
  • Revenue rose 13.4% year-over-year to $12.92 billion, fueled by increased gold and copper output.
  • The company initiated a $1 billion share buyback program, showcasing its financial robustness and appealing to investors.
  • Analysts have set an average stock price target of $21.42, suggesting a potential upside of 63.5%.
  • Barrick is well-positioned for growth, benefiting from heightened demand for safe-haven investments amid global uncertainties.
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