U.S. Markets close in 2 hrs 3 mins

Why Do Analysts Expect Lower Earnings for Barrick Gold in 2018?

Annie Gilroy
Why Do Analysts Expect Lower Earnings for Barrick Gold in 2018?

Barrick Gold (ABX) has significantly underperformed its peers in 2018. Its stock performance has, however, improved after the announcement of its merger with Randgold Resources (GOLD). Year-to-date, its stock has declined by 13.1%, which is similar to the decline seen by the VanEck Vectors Gold Miners ETF (GDX).