Barrick revenue growth accelerate, kumbe walikuwa wanapigwa nawao

[eddy]

• Barrick Gold has seen earnings revisions continue to climb over the past two months, now 30% higher than where they sat in July.
• Generally, earnings revisions are a bullish sign and portend higher prices ahead.
• Any 12% plus corrections in Barrick Gold that hold above $15.60 can be considered as noise and buying opportunities.

It's been a busy past month in the precious metals space, with the Gold Miners Index finally undergoing a much overdue correction. The index has tumbled nearly 15% from its highs, and the correction has helped investors separate the wheat from the chaff in the sector. The stocks that have struggled most of the year remain stuck in the mud for the most part, while the leaders have held up relatively well. Fortunately, for investors that selected Barrick Gold (GOLD) as a vehicle to play the move in gold, the company continues to fire on all cylinders. On a technical basis, the stock remains strong and continues to trade above its key moving averages. On a fundamental basis, earnings estimates continue to be revised higher, a bullish sign. While this correction may have spooked some investors, I continue to see the stock as a hold within the sector. Corrections are completely normal after a 70% advance, and they typically provide buying opportunities for those patient enough to wait for better prices. I would view any 12% plus corrections from highs in Barrick Gold as buying opportunities.

 

[ruby garnet]

• Barrick Gold has seen earnings revisions continue to climb over the past two months, now 30% higher than where they sat in July.
• Generally, earnings revisions are a bullish sign and portend higher prices ahead.
• Any 12% plus corrections in Barrick Gold that hold above $15.60 can be considered as noise and buying opportunities.

It's been a busy past month in the precious metals space, with the Gold Miners Index finally undergoing a much overdue correction. The index has tumbled nearly 15% from its highs, and the correction has helped investors separate the wheat from the chaff in the sector. The stocks that have struggled most of the year remain stuck in the mud for the most part, while the leaders have held up relatively well. Fortunately, for investors that selected Barrick Gold (GOLD) as a vehicle to play the move in gold, the company continues to fire on all cylinders. On a technical basis, the stock remains strong and continues to trade above its key moving averages. On a fundamental basis, earnings estimates continue to be revised higher, a bullish sign. While this correction may have spooked some investors, I continue to see the stock as a hold within the sector. Corrections are completely normal after a 70% advance, and they typically provide buying opportunities for those patient enough to wait for better prices. I would view any 12% plus corrections from highs in Barrick Gold as buying opportunities.

Unamfahamu barrick?
Unamfahamu anamigodi mingapi duniani?, mapato yake yameongezeka kwa sababu Gani?, na hiyo report inalenga migodi ya Tanzania au Gerenal revenue ya company?. Be analytical mkuu, Siyo ushabiki to.