Barrick Gold Corporation Buyback
OLI recorded this information on 2/14/2024
Company:
Barrick Gold Corporation
Buyback:
GOLD buyback
$Amount Authorized:
$1,000,000,000
Buyback Details:
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX.CA) ("Barrick" or the "Company") announced today that it plans to undertake a new share repurchase program for the buyback of its common shares. Barrick's Board of Directors has authorized a new program for the repurchase of up to $1.0 billion of the Company's outstanding common shares over the next 12 months at prevailing market prices in accordance with applicable law. In connection with the new share repurchase program, Barrick has terminated the share repurchase program announced by the Company on February 15, 2023. The Company did not repurchase any common shares under its 2023 share repurchase program. Barrick repurchased $424 million in common shares under its 2022 share repurchase program.
Barrick Gold is principally engaged in the production and sale of gold and copper, as well as related activities such as exploration and mine development.
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Avg. Broker Rec.
 
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Buy (3.41 out of 4) 52nd percentile
(ranked higher than approx. 52% of all stocks covered)
Analysts' Target Price: GOLD Stock Forecast Based on Zacks ABR data; powered by Xignite |
