Company News: Barrick (GOLD) quarterly results beat analysts’ estimates

Market news

5 November 2020

Company News: Barrick (GOLD) quarterly results beat analysts’ estimates

Barrick (GOLD) reported Q3 FY 2020 earnings of $0.41 per share (versus $0.15 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.32 per share.

The company’s quarterly revenues amounted to $3.540 bln (+32.2% y/y), beating analysts’ consensus estimate of $3.443 bln.

The company also declared a dividend for Q3 FY 2020 of $0.09 per share, a 12.5% increase on the previous quarter's dividend.

GOLD rose to $28.10 (+2.48%) in pre-market trading.

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