The company has seen a mixed track record when it comes to estimate revision of three increases and one decrease over the past one month while the Zacks Consensus Estimate moved higher over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Barrick Gold Corporation currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked basic materials stocks include Rio Alto Mining Limited (RIOM), Alamos Gold Inc. (AGI) and Allied Nevada Gold Corp. (ANV). While Rio Alto Mining carries a Zacks Rank #1 (Strong Buy), Alamos Gold and Allied Nevada Gold hold a Zacks Rank #2 (Buy).
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