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Why Analysts Think Barrick’s Revenue Will Fall in the Medium Term

Annie Gilroy
Why Analysts Think Barrick’s Revenue Will Fall in the Medium Term

Barrick Gold (ABX) underperformed its peers and gold prices in 2017. While ABX’s stock returned -9.4% in 2017, gold prices rose by 12.8% and the VanEck Vectors Gold Miners ETF (GDX) rose by 11.1%. ABX’s close peers such as Newmont Mining (NEM), Goldcorp (GG), and Kinross Gold (KGC) returned 10.1%, -6.1%, and 38.9%, respectively.