Investing.com - Barrick Gold reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.54 on revenue of $4.65B. Analysts polled by Investing.com forecast EPS of $0.43 on revenue of $4.45B. .
Barrick Gold shares gained 7.17% to trade at $38.24 in intra-day trade following the report.
For the year, Barrick Gold shares are up 58.54%, outperforming the S&P/TSX which is down 4.42% year to date.
Barrick Gold follows other major Basic Materials sector earnings this month
On Monday, October 26, 2020, West Fraser Timber reported third quarter EPS of $5.63 on revenue of $1.69B, compared to forecasts of EPS of $4.87 on revenue of $1.68B.
Eldorado Gold earnings missed analyst's expectations on Thursday, October 29, 2020, with third quarter EPS of $0.44 on revenue of $383.46M. Investing.com analysts expected EPS of $0.45 on revenue of $369.7M
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