Company News: Barrick (GOLD) posts quarterly earnings in line with analysts' estimate

Market news

6 May 2020

Company News: Barrick (GOLD) posts quarterly earnings in line with analysts' estimate

Barrick (GOLD) reported Q1 FY 2020 earnings of $0.16 per share (versus $0.11 per share in Q1 FY 2019), in line with analysts' consensus estimate of $0.16 per share.

The company's quarterly revenues amounted to $2.721 bln (+30.0% y/y), missing analysts' consensus estimate of $2.790 bln.

GOLD fell to $28.02 (-0.60%) in pre-market trading.

China is considering option of not setting numerical GDP growth target for 2020, given uncertainty caused by global coronavirus pandemic, - Bloomberg reports, citing people familiar with the matter

U.S. weekly mortgage applications edge up 0.1 percent

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