Barrick Gold Corporation (GOLD) Fell Despite In-line Earnings Results

Ariel Investments, an investment management company, released its “Ariel Focus Fund” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund increased +7.45% and fell short of an +8.99% return for the Russell 1000 Value Index and a +10.56% return for the S&P 500 Index. Investor enthusiasm around artificial intelligence (AI), resilient corporate earnings growth, falling inflation, and expectations for interest rate cuts this year...