Barrick Gold (ABX-T) Stock Predictions - Stockchase
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Barrick Gold (ABX-T)

ON STOCKCHASE SINCE Oct 2000

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Barrick Gold Barrick Gold
ABX-T

137 783
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Barrick Gold (ABX-T) SAVE

12.99

0.11 (0.84%)

Aug, 17, 2018, 12:00 am

OPINIONS

About Barrick Gold (ABX-T)

Barrick Gold Corporation is the largest gold mining company in the world, with its headquarters in Toronto, Ontario, Canada. More at Wikipedia

What the experts are saying about ABX-T



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COMMENT
Barrick Gold(ABX-T) 

July 25, 2018

He would prefer to see an investor buy into a diversified portfolio for precious metals.  Gold is heading into a cycle bull period and he would suggest the XGD-T ETF.  

precious metals

He would prefer to see an investor buy into a diversified portfolio for precious metals.  Gold is heading into a cycle bull period and he would suggest the XGD-T ETF.  

precious metals
Michael Simpson

Senior Vic, Sentry Investments...

Price Price
$15.430
Owned Owned
No

SELL
Barrick Gold(ABX-T) 

June 25, 2018

If you need a gold, AEM-T has been a better executer.  He would prefer owning gold outright if you want exposure to gold.  Don’t bet on the companies.

precious metals

If you need a gold, AEM-T has been a better executer.  He would prefer owning gold outright if you want exposure to gold.  Don’t bet on the companies.

precious metals
Robert Lauzon

Deputy Chi, Middlefield Capital ...

Price Price
$17.120
Owned Owned
Unknown

TOP PICK
Barrick Gold(ABX-T) 

June 4, 2018

It is cheap.  If gold ever gets going it will have a run.  If the US ever gets into recession, the market will love gold.  (Analysts’ target: $19.92).

precious metals

It is cheap.  If gold ever gets going it will have a run.  If the US ever gets into recession, the market will love gold.  (Analysts’ target: $19.92).

precious metals
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$16.670
Owned Owned
Yes

DON'T BUY
Barrick Gold(ABX-T) 

March 27, 2018

He's overweight gold. Barrick's costs have been high and they carry outrageous debt, which they have cleaned up in past years. This stock has done nothing for a decade, and is far down from its peaks. There's no production growth. Look at a mid-size company instead. Barrick will underperform the sector. Effect of cryotocurrency investment taking away from gold investment? He doesn't know, but he doesn't belive in and wouldn't buy any cryptos.

precious metals

He's overweight gold. Barrick's costs have been high and they carry outrageous debt, which they have cleaned up in past years. This stock has done nothing for a decade, and is far down from its peaks. There's no production growth. Look at a mid-size company instead. Barrick will underperform the sector. Effect of cryotocurrency investment taking away from gold investment? He doesn't know, but he doesn't belive in and wouldn't buy any cryptos.

precious metals
John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$16.190
Owned Owned
No

COMMENT
Barrick Gold(ABX-T) 

March 6, 2018

The major gold companies used to focus on pure volume. No longer. They have shrunk their asset base and focused 70% of their core to generate free cash flow. The core will take them forward. Not just Barrick, but the reserves of many majors have been going down. Today, paying down the debt and generating cash flow are their priorities.

precious metals

The major gold companies used to focus on pure volume. No longer. They have shrunk their asset base and focused 70% of their core to generate free cash flow. The core will take them forward. Not just Barrick, but the reserves of many majors have been going down. Today, paying down the debt and generating cash flow are their priorities.

precious metals
Joe Mazumdar

Editor & A, Exploration Insights...

Price Price
$15.280
Owned Owned
Unknown

PAST TOP PICK
Barrick Gold(ABX-T) 

February 12, 2018

(A Top Pick Jan. 2/18, Down 12%) Surprised by awful performance, but he would stick with it. Likes the sector. Give it time. When gold hits $1,400 it'll wake investors up.

precious metals

(A Top Pick Jan. 2/18, Down 12%) Surprised by awful performance, but he would stick with it. Likes the sector. Give it time. When gold hits $1,400 it'll wake investors up.

precious metals
Elliott Fishman

Director o, Trading Services Gro...

Price Price
$16.710
Owned Owned
Yes

BUY
Barrick Gold(ABX-T) 

February 2, 2018

Cleaned up their balance sheet. Still have a lot of debt though they've reigned it in. ROIC went from -8% to 3% in just two years. They're doing the right things.

precious metals

Cleaned up their balance sheet. Still have a lot of debt though they've reigned it in. ROIC went from -8% to 3% in just two years. They're doing the right things.

precious metals
Matt Kacur

President, FSA Financial Scienc...

Price Price
$17.040
Owned Owned
Unknown

TOP PICK
Barrick Gold(ABX-T) 

January 2, 2018

Looks very similar to the actual GLD chart on gold. It's turned the corner, and has built a very, very nice base. Believes it has $25 written all over it in a very short time. If we get gold up through $1400, this has plenty of upside. (Analysts' price target is $19.31.)

precious metals

Looks very similar to the actual GLD chart on gold. It's turned the corner, and has built a very, very nice base. Believes it has $25 written all over it in a very short time. If we get gold up through $1400, this has plenty of upside. (Analysts' price target is $19.31.)

precious metals
Elliott Fishman

Director o, Trading Services Gro...

Price Price
$19.010
Owned Owned
No

COMMENT
Barrick Gold(ABX-T) 

December 21, 2017

A big fan of this company, especially at this time. Certainly had some tough time time in the last 2-3 years with a lot of debt, and it still does. But one of his key metric is return on invested capital and it seems it has finally bottomed and it’s starting to recover. It’s not carried away but it’s in the right direction and doesn’t need to do much to justify the price. He likes it quite a lot.

precious metals

A big fan of this company, especially at this time. Certainly had some tough time time in the last 2-3 years with a lot of debt, and it still does. But one of his key metric is return on invested capital and it seems it has finally bottomed and it’s starting to recover. It’s not carried away but it’s in the right direction and doesn’t need to do much to justify the price. He likes it quite a lot.

precious metals
Matt Kacur

President, FSA Financial Scienc...

Price Price
$18.370
Owned Owned
Unknown

BUY on WEAKNESS
Barrick Gold(ABX-T) 

December 18, 2017

He likes gold and has been buying it but he buys it through ETFs like ZGD-T.  He is playing for a rally where ABX-T gets to $22, 15% upside.  He would sell at that point.

precious metals

He likes gold and has been buying it but he buys it through ETFs like ZGD-T.  He is playing for a rally where ABX-T gets to $22, 15% upside.  He would sell at that point.

precious metals
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$18.430
Owned Owned
Unknown

SELL
Barrick Gold(ABX-T) 

December 6, 2017

When it comes to gold, you have to ask why you are there. You are either playing defence, or as an offense thinking gold is going to go to $2000 an ounce. When talking about companies, you either feel there is something unique about management or they have a competitive advantage. His strategy for clients is to own gold bullion, which is his way of playing defence. Gold acts as a pretty good hedge against geopolitical or mayhem that may be out there. He would sell this and buy gold bullion.

precious metals

When it comes to gold, you have to ask why you are there. You are either playing defence, or as an offense thinking gold is going to go to $2000 an ounce. When talking about companies, you either feel there is something unique about management or they have a competitive advantage. His strategy for clients is to own gold bullion, which is his way of playing defence. Gold acts as a pretty good hedge against geopolitical or mayhem that may be out there. He would sell this and buy gold bullion.

precious metals
Kash Pashootan

Sr. VP & P, First Avenue Advisor...

Price Price
$17.340
Owned Owned
No

COMMENT
Barrick Gold(ABX-T) 

November 9, 2017

While he likes the improved balance sheet and the cash costs, he is nervous about the production pipeline.

precious metals

While he likes the improved balance sheet and the cash costs, he is nervous about the production pipeline.

precious metals
Rick Rule

Pres. & C, Sprott USA...

Price Price
$17.890
Owned Owned
No

DON'T BUY
Barrick Gold(ABX-T) 

August 28, 2017

It struggles with growth because of their size.  It is roughly 50% of the XGD-T ETF.  He would go to the ETF for the safety from the diversification.  He would like to see ABX-T sell a mine to make themselves smaller so perhaps they can grow again.

precious metals

It struggles with growth because of their size.  It is roughly 50% of the XGD-T ETF.  He would go to the ETF for the safety from the diversification.  He would like to see ABX-T sell a mine to make themselves smaller so perhaps they can grow again.

precious metals
Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$22.080
Owned Owned
Unknown

COMMENT
Barrick Gold(ABX-T) 

August 15, 2017

A very, very large gold company. Attempting to grow is very difficult, whereas a smaller company can, and can even get taken out. The problem is that they all tend to be below the price where you first bought them. Gold has been firming up a little lately. This company would not be his choice.

precious metals

A very, very large gold company. Attempting to grow is very difficult, whereas a smaller company can, and can even get taken out. The problem is that they all tend to be below the price where you first bought them. Gold has been firming up a little lately. This company would not be his choice.

precious metals
Michael Smedley

Exec VP & , Morgan Meighan & Ass...

Price Price
$21.110
Owned Owned
Unknown

BUY
Barrick Gold(ABX-T) 

July 24, 2017

He prefers a stock to the bullion.  How can you calculate what gold is worth.  The price of gold is what it is and you ask if the company can make much money.  ABX-T cannot make much money right here.  If we get a lift in the gold price then you get a bigger lift in the price of the stock.

precious metals

He prefers a stock to the bullion.  How can you calculate what gold is worth.  The price of gold is what it is and you ask if the company can make much money.  ABX-T cannot make much money right here.  If we get a lift in the gold price then you get a bigger lift in the price of the stock.

precious metals
Matt Kacur

President, FSA Financial Scienc...

Price Price
$19.290
Owned Owned
Unknown

Showing 1 to 15 of 783 entries
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1 Comment

PtahX

April 4th 2018 at 2:36pm

ABX is currently out of favor but a nice looking balance sheet. If Yuan - Gold in China starts to build up with futures I expect a gain here in a large way. ABX is selling at a deep discount (below the Graham number which is rare these days). Technically I still have it in a down trend but it is testing weak resistance at $17. it will have trouble breaking $22 in the short term, I expect November 2018 this will prove to be a solid purchase but may drop a bit yet.


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