Investing.com - Barrick Gold reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that was inline with forecasts.
The firm reported earnings per share of C$0.2 on revenue of C$3.52B. Analysts polled by Investing.com expected EPS of C$0.16 on revenue of C$3.52B. That compared to EPS of C$0.1 on revenue of C$2.4B in the same period a year earlier. The company had reported EPS of C$0.12 on revenue of C$2.73B in the previous quarter.
Barrick Gold shares gained 2.57% to trade at C$22.34 in intra-day trade following the report.
For the year, Barrick Gold shares are up 21.22%, outperforming the S&P/TSX which is up 18.12% year to date.
Barrick Gold follows other major Basic Materials sector earnings this month
On Monday, October 21, 2019, West Fraser Timber reported third quarter EPS of C$-0.22 on revenue of C$1.19B, compared to forecasts of EPS of C$-0.5 on revenue of C$1.24B.
Methanex earnings missed analyst's expectations on Wednesday, October 30, 2019, with third quarter EPS of C$-0.35 on revenue of C$950.28M. Investing.com analysts expected EPS of C$-0.08 on revenue of C$839.63M
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