Barrick Gold | StockChase
780
Barrick Gold (ABX-T)

Last Price Recorded: $16.9500 on 2018-05-19

ON STOCKCHASE SINCE Oct 2000

gold

precious metals
780
Barrick Gold (ABX-T)

Last Price Recorded: $16.9500 on 2018-05-19

ON STOCKCHASE SINCE Oct 2000

gold

precious metals

Barrick Gold


Signal Opinion Expert
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...

PricePrice
$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 & Analyst, Exploration Insights...

PricePrice
$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 of U.S. and international equity trading, Trading Services Gro...

PricePrice
$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...

PricePrice
$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 of U.S. and international equity trading, Trading Services Gro...

PricePrice
$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...

PricePrice
$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 CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$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 & Portfolio Manager, First Avenue Advisor...

PricePrice
$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. & CEO, Sprott USA...

PricePrice
$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 (1)

President, Campbell and Lee Inv...

PricePrice
$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 & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$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...

PricePrice
$19.290
Owned Owned
Unknown

BUY
Barrick Gold(ABX-T) 

May 18, 2017

He would call this a Buy, but it is not clear-cut. It is cyclical. One concern is that they have such a high level of debt. When things go well this company is going to do great, but not so well when things are bad. It will be more volatile than the market, but overall, a good company.

precious metals

He would call this a Buy, but it is not clear-cut. It is cyclical. One concern is that they have such a high level of debt. When things go well this company is going to do great, but not so well when things are bad. It will be more volatile than the market, but overall, a good company.

precious metals
Matt Kacur

President, FSA Financial Scienc...

PricePrice
$22.460
Owned Owned
Unknown

COMMENT
Barrick Gold(ABX-T) 

May 17, 2017

They have a lot of difficult geography in the sense of geopolitics. It seems that everywhere they have a mine, they are running into environmental and governmental activism and ecological concerns. It is not as easy for companies like this to go to Chile and dig a hole in the ground, and start taking out ore.

precious metals

They have a lot of difficult geography in the sense of geopolitics. It seems that everywhere they have a mine, they are running into environmental and governmental activism and ecological concerns. It is not as easy for companies like this to go to Chile and dig a hole in the ground, and start taking out ore.

precious metals
David Baskin

President, Baskin Wealth Manage...

PricePrice
$23.260
Owned Owned
No

COMMENT
Barrick Gold(ABX-T) 

May 12, 2017

A tremendous recovery story. They’ve fixed their balance sheet and operating statements. For individual investors who are getting back into gold, consider buying one of the large cap ETF’s, rather than buying an individual stock. This limits single company risk.

precious metals

A tremendous recovery story. They’ve fixed their balance sheet and operating statements. For individual investors who are getting back into gold, consider buying one of the large cap ETF’s, rather than buying an individual stock. This limits single company risk.

precious metals
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$23.110
Owned Owned
Unknown

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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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