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

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Barrick Gold

ABX-T

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Barrick Gold (ABX-T) SAVE Apr, 24, 2019, 5:15 pm

17.28 0.07 (0.41%)

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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DON'T BUY
Barrick Gold(ABX-T) 

March 26, 2019

The gold industry gets a lot of attention but just isn't important, not anymore in Canada. These companies have shrunk a lot, and ABX's stock chart has declined like its peers. Yet, the gold biz still gets a lot of attention. He own no gold at all. Gold doesn't pay dividends. Gold is purely speculative.
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The gold industry gets a lot of attention but just isn't important, not anymore in Canada. These companies have shrunk a lot, and ABX's stock chart has declined like its peers. Yet, the gold biz still gets a lot of attention. He own no gold at all. Gold doesn't pay dividends. Gold is purely speculative.
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David Baskin

President, Baskin Wealth Manage...

Price Price
$19.420
Owned Owned
No

COMMENT
Barrick Gold(ABX-T) 

March 25, 2019

He's never owned much gold, because the companies have no control over the price of gold and geopolitics shift so quickly and effect gold companies. That said, Barrick is well-run and has made acquisitions recently that will benefit. Gold itself is no longer a hedge against a weakening market.
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He's never owned much gold, because the companies have no control over the price of gold and geopolitics shift so quickly and effect gold companies. That said, Barrick is well-run and has made acquisitions recently that will benefit. Gold itself is no longer a hedge against a weakening market.
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Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$19.130
Owned Owned
No

PARTIAL BUY
Barrick Gold(ABX-T) 

March 22, 2019

Pretty positive. Wants to go higher. Battle between bulls and bears is around $18. Rising lows. Good seasonal time to look at it. He owns FNV. Good risk/reward here, and sometimes that's all you can ask for in investing. If you're a longer-term investor, you can buy this today but not the whole thing until you see it start to accelerate above $18.
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Pretty positive. Wants to go higher. Battle between bulls and bears is around $18. Rising lows. Good seasonal time to look at it. He owns FNV. Good risk/reward here, and sometimes that's all you can ask for in investing. If you're a longer-term investor, you can buy this today but not the whole thing until you see it start to accelerate above $18.
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$18.360
Owned Owned
No

DON'T BUY
Barrick Gold(ABX-T) 

March 18, 2019

Their attempted Newmont purchase was arrogant, but it worked out for them. They get the joint venture they wanted. It's synergistic. Management foresees more opportunities. Q4 earnings were up. Guidance shows higher operating costs and taxes--negatives. He needs to see the price of gold move, really break out. He needs to see evidence that ABX has turned the corner after years of not doing a good job for shareholders.
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Their attempted Newmont purchase was arrogant, but it worked out for them. They get the joint venture they wanted. It's synergistic. Management foresees more opportunities. Q4 earnings were up. Guidance shows higher operating costs and taxes--negatives. He needs to see the price of gold move, really break out. He needs to see evidence that ABX has turned the corner after years of not doing a good job for shareholders.
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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$17.370
Owned Owned
Unknown

TOP PICK
Barrick Gold(ABX-T) 

February 11, 2019

They got rid of their copper and made a a big acqusition in gold to become a pure gold play. Trades cheaply at 1.5x book. If gold does well, ABX will do well. (Analysts’ price target is $19.35)
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They got rid of their copper and made a a big acqusition in gold to become a pure gold play. Trades cheaply at 1.5x book. If gold does well, ABX will do well. (Analysts’ price target is $19.35)
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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$17.950
Owned Owned
Yes

COMMENT
Barrick Gold(ABX-T) 

January 24, 2019

When you look at producers you have to look at the fundamentals but also you have to look at the commodity. He is not convinced that gold is going to go up a lot over the little while. He doesn't see a gold rush anytime soon. That would be a challenge for any producer. One of the theories is that gold is a hedge against falling stock markets. But there is no evidence of a negative correlation. It is not proven that if there is a crisis people go to gold.

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When you look at producers you have to look at the fundamentals but also you have to look at the commodity. He is not convinced that gold is going to go up a lot over the little while. He doesn't see a gold rush anytime soon. That would be a challenge for any producer. One of the theories is that gold is a hedge against falling stock markets. But there is no evidence of a negative correlation. It is not proven that if there is a crisis people go to gold.

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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$15.830
Owned Owned
Unknown

BUY
Barrick Gold(ABX-T) 

January 3, 2019

He likes the gold generally speaking. They are heading higher because of the fiscal situation of the US, Europe, Japan and increasingly China. So he thinks a 10% to 20% of the portfolio should be on gold or gold stocks as a defense mechanism.
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He likes the gold generally speaking. They are heading higher because of the fiscal situation of the US, Europe, Japan and increasingly China. So he thinks a 10% to 20% of the portfolio should be on gold or gold stocks as a defense mechanism.
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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$17.570
Owned Owned
Unknown

DON'T BUY
Barrick Gold(ABX-T) 

December 31, 2018

ABX-T vs. G-T. G-T is more the defacto go-to name. ABX-T does not have the growth any more. He thinks G-T has better assets. The problem with G-T used to be excessive valuation but that is not the case now.
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ABX-T vs. G-T. G-T is more the defacto go-to name. ABX-T does not have the growth any more. He thinks G-T has better assets. The problem with G-T used to be excessive valuation but that is not the case now.
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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$18.430
Owned Owned
Unknown

BUY
Barrick Gold(ABX-T) 

December 18, 2018

Gold outlook? Gold seasonality is kicking in right now. Also note that the U.S. dollar should start to roll over now. Gold stocks are starting to move up. Gold looks gold now. $1,252 resistence. Barrick is a good play. Next resistance is at $20, then $23. If he didn't own Kirkland Lake, he'd buy this.
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Gold outlook? Gold seasonality is kicking in right now. Also note that the U.S. dollar should start to roll over now. Gold stocks are starting to move up. Gold looks gold now. $1,252 resistence. Barrick is a good play. Next resistance is at $20, then $23. If he didn't own Kirkland Lake, he'd buy this.
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$18.710
Owned Owned
No

DON'T BUY
Barrick Gold(ABX-T) 

November 9, 2018

Sentiment that the commodity has to turn around, it has been a very long negative period for the gold stocks. Gold stocks are not a great hedge to stock market correction or recession. The company is not profitable and are paying a dividend. They need higher prices for the dividend to survive. He believes they should not be paying a dividend.
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Sentiment that the commodity has to turn around, it has been a very long negative period for the gold stocks. Gold stocks are not a great hedge to stock market correction or recession. The company is not profitable and are paying a dividend. They need higher prices for the dividend to survive. He believes they should not be paying a dividend.
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Rob Tetrault

Portfolio , Tetrault Wealth Advi...

Price Price
$17.090
Owned Owned
No

COMMENT
Barrick Gold(ABX-T) 

November 5, 2018

Shareholders voted 99% in favour of takeover.
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Shareholders voted 99% in favour of takeover.
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$17.310
Owned Owned
Unknown

WATCH
Barrick Gold(ABX-T) 

November 1, 2018

It has been in a downtrend since 2016. He recommended clients add exposure two months ago. He likes the longer term trend break on ABX-T. The price action is positive. If we get above the April to July highs, that would be very strong and positive to support further upside.
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It has been in a downtrend since 2016. He recommended clients add exposure two months ago. He likes the longer term trend break on ABX-T. The price action is positive. If we get above the April to July highs, that would be very strong and positive to support further upside.
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Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$17.500
Owned Owned
Yes

COMMENT
Barrick Gold(ABX-T) 

September 26, 2018

The announced merger is a signal of further consolidation yet to come in the sector.  Gold’s relationship to economic turmoil may be weakening and he wonders if capital would flow back to miners in the event of crisis.  He would prefer to hold an ETF for gold instead.  

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The announced merger is a signal of further consolidation yet to come in the sector.  Gold’s relationship to economic turmoil may be weakening and he wonders if capital would flow back to miners in the event of crisis.  He would prefer to hold an ETF for gold instead.  

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$14.090
Owned Owned
No

DON'T BUY
Barrick Gold(ABX-T) 

September 26, 2018

Seen a downtrend since mid-2016, breaking old 2016 support. He doesn't see incoming support, Not good.

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Seen a downtrend since mid-2016, breaking old 2016 support. He doesn't see incoming support, Not good.

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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$14.090
Owned Owned
Unknown

COMMENT
Barrick Gold(ABX-T) 

September 14, 2018

Gold didn't kick in in late July, defying seasonality (the opposite movement to the US dollar). Gold will depend on
where the USD goes. He wants the current low to hold. Until there's clarity with US-China tensions, there won't be clarity about the USD and gold.

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Gold didn't kick in in late July, defying seasonality (the opposite movement to the US dollar). Gold will depend on
where the USD goes. He wants the current low to hold. Until there's clarity with US-China tensions, there won't be clarity about the USD and gold.

precious metals
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$13.190
Owned Owned
Unknown

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