16:09:43 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,166,902,835
Close 2018-07-27 C$ 14.66
Market Cap C$ 17,106,795,561
Recent Sedar Documents

Globe says Agnico, Goldcorp take more market lumps

2018-07-30 08:52 ET - In the News

See In the News (C-AEM) Agnico Eagle Mines Ltd

The Globe and Mail reports in its Saturday edition that both Agnico Eagle Mines and Goldcorp came under pressure Friday for the second straight session, after weak earnings reports on Wednesday evening. The Globe's Niall McGee writes that Goldcorp's adjusted second quarter profit was two cents a share lighter than expected. Agnico missed estimates by seven cents. Over the past few years, gold companies have seen a noticeable uptick in share price volatility during earnings season, in part because investors are being increasingly blindsided. In a report earlier this year, RBC analyst Dan Rollins called for companies to disclose more information to offset such volatility. This year, the entire Canadian gold sector has been grappling with investor concerns over falling bullion prices, stemming in part from the strengthening U.S. dollar. Since gold is priced in U.S. dollars, the higher value of the greenback makes the precious metal pricier for non-U.S. investors. On Friday, gold was trading around $1,225 an ounce, down 6 per cent in 2018. Barrick, however, closed up on Friday afternoon, after falling sharply on Thursday. The world's biggest gold producer swung to a $98-million (U.S.) loss in the second quarter.

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