Daily Scoop🍨: Barrick (GOLD) - Continued Upward Trend 📣🚀👌
Barrick Gold is one of the most well-known and widely held gold stocks on the market. GOLD is active in copper and silver mining, but most of the company's revenue and earnings come from gold. Its operations span 18 countries across four continents and include the single largest gold-mining complex in the world.
In straightforward terms, GOLD owns one of the world's largest and most prized portfolios of top-quality gold and copper assets in the world. Its future growth will be fueled by an excellent pipeline of exploration projects that are constantly adding to the firm's already robust reserves of precious and industrial metals.
This $35 billion exploration, mining and production company produced over 4 million ounces of gold in 2023, translating into nearly $1.3 billion in earnings. It anticipates producing up to 4.3 million ounces in 2024.
The stock has a forward dividend yield of nearly 2% and has a fair market value of $22, according to Morningstar. All serious gold stock investors should consider making GOLD a core, long-term holding.
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