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Barrick Gold ( (TSE:ABX) ) has shared an update.
Barrick Gold Corporation has announced a new share buyback program, allowing for the repurchase of up to $1.0 billion of its common shares over the next 12 months. This decision highlights Barrick’s belief that its shares may be undervalued and reflects its strategic approach to leveraging financial performance, cash flow availability, and other investment opportunities to enhance shareholder value. The program is flexible, with no obligation to repurchase a specific number of shares, and can be suspended or discontinued at any time.
More about Barrick Gold
Barrick Gold Corporation is a leading company in the gold mining industry, primarily focused on the extraction and production of gold. It operates globally, emphasizing sustainable mining practices and value creation for stakeholders.
YTD Price Performance: 6.89%
Average Trading Volume: 20,412,078
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $30.5B
Find detailed analytics on ABX stock on TipRanks’ Stock Analysis page.
