Barrick Gold Stock News

Canada''s main stock index tumbled Wednesday, after domestic data showing the annual inflation rate accelerated in January raised fears of quicker interest rate hikes and as Shopify Inc''s dismal forecast dented sentiment. The S&P/TSX Composite remained negative 118.91 points to wind up business Wednesday at 21,383.64. The Canadian dollar surged 0.24 cents at 78.82 cents U.S. Shopify lost $188.76, or 16.7%, to $943.86, after the company forecast a slowing pace in first-half revenue growth. Elsewhere in techs, Converge Technology Solutions bowed 41 cents, or 3.8%, to $10.49. In consumer staples, Alimentation Couche-Tard faded 82 cents, or 1.6%, to $51.43, while George Weston dropped $1.19 to $138.62. In utilities, Hydro One slid 41 cents, or 1.3%, to $31.46, while Boralex caved 36 cents, or 1.1%, to $32.93. In a bright spot, Barrick Gold gained $1.88, or 7.1%, to $28.21, after the miner announced a share repurchase of up to $1 billion and a bigger dividend payout as the gold miner''s fourth-quarter results beat analysts'' estimates.

Barrick Gold <> soars to eight-month highs after posting better than forecast Q4 earnings and revenues while raising its dividend by 11%.

Barrick Gold has announced a $1bn share repurchase scheme, alongside a six per cent rise in its fourth quarter profits.

Canada-based miner Barrick Gold Corp announced Wednesday a share buyback program of up to $1 billion as its fourth-quarter results exceeded analysts'' estimates.

The chief executive officer of Barrick Gold Corp. said recent takeover deals in the gold-mining sector have been “over the top,” adding that the Toronto-based company will not be making any acquisitions that don’t make financial sense.

Barrick Gold (NYSE: GOLD ) reported its Q4 earnings results on Wednesday, February 16, 2022 at 06:00 AM. Check out this: Insiders Buy More Than $18M Of 4 Stocks Here''s what investors need to know about the announcement. Earnings Barrick Gold beat estimated earnings … Full story available on Benzinga.com

Barrick Gold Corp. (GOLD) CEO Mark Bristow on Q4 2021 Results - Earnings Call Transcript

Barrick also increased its regular quarterly cash dividend by 11% as it exceeded earnings estimates.

Barrick Gold Corp , on Wednesday announced a share repurchase of up to $1 billion and a bigger dividend payout as the gold miner''s fourth-quarter results beat analysts'' estimates.

Barrick Gold (GOLD)+1.2% pre-market after topping expectations for Q4 earnings and revenues, raising its dividend and launching a stock buyback program of as much as $1B.Barrick…

Barrick Gold Corp. beat earnings estimates, raised dividends and unveiled a share buyback program as the world’s second-largest bullion producer managed to bring down costs in an otherwise inflationary environment.

Investors will be looking for world''s second-largest bullion supplier''s take of deal-making opportunities

Shares of Barrick Gold Corp. rose 0.8% in premarket trading Wednesday, after the gold miner reported fourth-quarter earnings that beat expectations, set a $1.0 billion stock buyback program and raised its dividend. Net earnings rose to $726 million, or 41 cents a share, from the $685 million, or 39 cents a share, reported a year ago. Excluding nonrecurring items, adjusted earnings per share of 35 cents topped the FactSet consensus of 30 cents. Revenue grew 0.9% to $3.31 billion, beating the FactSet consensus of $3.20 billion, while cost of sales rose 5.0% to $1.91 billion. The realized gold price per ounce was $1,793, down from $1,871 last year, while gold production in thousands of ounces slipped to 1,203 from 1,206. Copper production in millions of pounds rose to 126 from 119. Separately, Barrick raised its quarterly dividend was raised to 10 cents a share from 9 cents, but also implemented a performance dividend policy in which an additional dividend will be linked to the net cash on the balance sheet.