Jefferies Reports Record Results For Barrick Gold

In a report published by Jefferies, Barrick Gold Corp ABX saw record results. Jefferies said that Barrick Gold reported first quarter adjusted earnings of $1.00 per share vs estimates of $0.90 per share and consensus of $1.00. “We believe the market has been quite forceful in its initial view on Equinox. Management beginning to address skepticism. Initial and ongoing capital costs are steep, but resource expansion potential and a stronger copper price deck could be needed for ultimate confirmation. ” Barrick Gold Corp closed yesterday at $50.84.