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Barrick Gold Corp (ABX-N)
NYSE:ABX
17.57
0.02
(0.11%) 1d
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Mixed markets as tech giants hit news highsThis summary was created by AI, based on 3 opinions in the last 12 months.
The experts have mixed opinions on Barrick Gold Corp. One expert believes in the company despite weak shares and rising costs, as gold prices are up this year. Another expert sees Barrick as a go-to gold name due to the CEO, but is disappointed in its performance compared to the recent rise in gold prices. The third expert is very disappointed in Barrick's performance, noting that the only positive is its 2.5% dividend. Overall, Barrick is facing challenges with rising production costs and its ability to catch up to the gold price.
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His go-to gold name because of the CEO. Gold stocks haven't been hitting new highs like gold itself. Last February they reported an earnings beat and inline revenue and production, but shares got hammered over higher production costs. More of their gold comes from North America where labour costs are higher; they used to have more mining in cheaper Latin America. Also, guidance may be too cautious. Shares are finally starting to catch up to the gold price; same goes with many gold stocks.
Very disappointed. Gold has made a big run lately, but Barrick hasn't done much. The best thing about it is its 2.5% dividend. That's it.
It's been disappointing, despite a good CEO. He's looking at Agnico-Eagle in the gold space.
Can't recommend gold stocks now, unless it's a very small portion of your portfolio.
Barrick Gold Corp(ABX-N) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 3
Barrick Gold Corp(ABX-N) Frequently Asked Questions
What is Barrick Gold Corp stock symbol?
Barrick Gold Corp is a American stock, trading under the symbol ABX-N on the New York Stock Exchange (ABX). It is usually referred to as NYSE:ABX or ABX-N
Is Barrick Gold Corp a buy or a sell?
In the last year, 3 stock analysts published opinions about ABX-N. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Barrick Gold Corp.
Is Barrick Gold Corp a good investment or a top pick?
Barrick Gold Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Barrick Gold Corp.
Why is Barrick Gold Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Barrick Gold Corp worth watching?
3 stock analysts on Stockchase covered Barrick Gold Corp In the last year. It is a trending stock that is worth watching.
What is Barrick Gold Corp stock price?
On 2019-08-07, Barrick Gold Corp (ABX-N) stock closed at a price of $17.57.
Though shares have been weak and costs have risen (4-6% for gold and 9-11% copper), he still believes in this. Gold prices are up 13% this year, but ABX is down 9%. Barrick is getting its costs under control as it boosts production this year.