Barrick Gold (TSE:ABX) First Quarter 2024 Results
Key Financial Results
- Revenue: US$2.75b (up 3.9% from 1Q 2023).
- Net income: US$295.0m (up 146% from 1Q 2023).
- Profit margin: 11% (up from 4.5% in 1Q 2023). The increase in margin was primarily driven by higher revenue.
- EPS: US$0.17 (up from US$0.068 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Barrick Gold Earnings Insights
Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company’s shares are down 2.9% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we’ve spotted 1 warning sign for Barrick Gold you should be aware of.
