Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Barrick Gold Corporation
  6. News
  7. Summary
    ABX   CA0679011084

BARRICK GOLD CORPORATION

(ABX)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Gold slips as dollar firms, Treasury yields rebound

07/20/2021 | 08:54pm EDT

July 21 (Reuters) - Gold prices slipped on Wednesday, as a buoyant dollar and a rebound in U.S. Treasury yields stemmed inflows into the safe-haven bullion spurred by fears the Delta coronavirus variant may stall a global recovery.

FUNDAMENTALS

* Spot gold was down 0.1% at $1,808.45 per ounce, as of 0035 GMT.

* U.S. gold futures eased 0.1% at $1,808.90 per ounce.

* Yields on 10-year Treasuries bounced off five-month lows, increasing the opportunity cost of holding non-interest bearing gold.

* The dollar, also considered a safe bet during geopolitical uncertainties, held near a 3-1/2-month peak against its rivals, potentially trimming appetite for gold by making the metal more expensive for holders of other currencies.

* Wall Street rebounded on Tuesday as upbeat earnings reports and revived economic optimism buoyed appetite for risk, following a multi-day losing streak driven by a rise in worldwide coronavirus cases and rising deaths in the United States.

* Many Bank of Japan policymakers said rising global commodity costs will gradually push up the country's inflation, though some warned that weak consumption will keep any upward pressure modest, minutes of their June meeting showed.

* Swiss exports of gold to India edged higher in June, although they remained far below levels earlier this year, while shipments to mainland China fell, Swiss customs data showed on Tuesday.

* Russia's central bank said the country's gold reserves stood at 73.7 million troy ounces at the start of July.

* Miner Barrick Gold Corp has resumed surface operations including processing at its Hemlo mine in Canada's Ontario province after a worker fatality last week suspended mining, a company spokeswoman said on Tuesday.

* Silver was steady at $24.92 per ounce, palladium rose 0.2% to $2,637.68, and platinum gained 0.3% to $1,069.49.

DATA/EVENTS (GMT) 2350 Japan Trade Data YY June Bank of Japan Deputy Governor Masayoshi Amamiya delivers speech, holds news conference (Reporting by Brijesh Patel in Bengaluru; editing by Vinay Dwivedi)


ę Reuters 2021
All news about BARRICK GOLD CORPORATION
09/21December Gold Contract Ends Up US$14.40; Settles at US$1,778.20 per Ounce
MT
09/21Gold Moves Higher as the Dollar Falls Ahead of the Fed's Monthly Meeting
MT
09/20December Gold Contract Ends Up US$12.40; Settles at US$1,763.80 per Ounce
MT
09/20Toronto Stocks Decline with Global Markets; Kenorland, Barrick Up on Option to Buy Into..
DJ
09/20European ADRs Move Sharply Lower in Monday Trading
MT
09/20Gold Rises as China Worries Have Investors Moving to Cut Risk and Seek a Safe Haven
MT
09/20Kenorland Signs Property Agreement with Barrick Gold for Option in Ontario Project
DJ
09/20KENORLAND MINERALS : Options South Uchi Project to Barrick Gold
MT
09/17Gold Ends Down as Next Week's Fed Meeting Awaited
MT
09/17December Gold Contract Ends Down US$5.30; Settles at US$1.751.40 per Ounce
MT
More news
Analyst Recommendations on BARRICK GOLD CORPORATION
More recommendations
Financials (USD)
Sales 2021 12 300 M - -
Net income 2021 2 147 M - -
Net cash 2021 837 M - -
P/E ratio 2021 15,6x
Yield 2021 4,36%
Capitalization 32 866 M 32 880 M -
EV / Sales 2021 2,60x
EV / Sales 2022 2,39x
Nbr of Employees 17 500
Free-Float 99,4%
Chart BARRICK GOLD CORPORATION
Duration : Period :
Barrick Gold Corporation Technical Analysis Chart | ABX | CA0679011084 | MarketScreener
Technical analysis trends BARRICK GOLD CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Last Close Price 18,47 $
Average target price 27,90 $
Spread / Average Target 51,0%
EPS Revisions
Managers and Directors
Dennis Mark Bristow President, CEO & Non-Independent Director
Graham Patrick Shuttleworth Chief Financial Officer & Senior Executive VP
John Lawson Thornton Non-Independent Executive Chairman
Gustavo A. Cisneros Independent Director
Joseph Brett Harvey Lead Independent Director
Sector and Competitors