TSE:ABX
24.57
0.03
(0.12%)
Barrick Gold Corporation is the largest gold mining company in the world, with its headquarters in Toronto, Ontario, Canada.
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Analysis and Opinions about ABX-T
Signal
Opinion
Expert
DON'T BUY
DON'T BUY
January 10, 2020
Gold? The gold bugs are out in force right now -- and he is not a believer. His model price is $14.85 -- much weaker than where it trades today.
Show full opinionHide full opinion
Gold? The gold bugs are out in force right now -- and he is not a believer. His model price is $14.85 -- much weaker than where it trades today.
TOP PICK
TOP PICK
January 7, 2020
He hasn't recommended it in a while. The stock has a beautiful balance sheet. It has been holding it's previous gains nicely. Even with current gold prices, it has upside. It is a senior and stable company that is a safe harbour investment. (Analysts’ price target is $26.78)
Show full opinionHide full opinionHe hasn't recommended it in a while. The stock has a beautiful balance sheet. It has been holding it's previous gains nicely. Even with current gold prices, it has upside. It is a senior and stable company that is a safe harbour investment. (Analysts’ price target is $26.78)
DON'T BUY
DON'T BUY
December 16, 2019
His view on gold stocks is that there are three kinds of stocks. The large caps have a difficult time growing; the small caps are too risky and then there are the mid-tiers. The latter are the most attractive and more so are any that are about to become a mid-tier. He prefers EQX-X. Management has an impressive track record.
His view on gold stocks is that there are three kinds of stocks. The large caps have a difficult time growing; the small caps are too risky and then there are the mid-tiers. The latter are the most attractive and more so are any that are about to become a mid-tier. He prefers EQX-X. Management has an impressive track record.
DON'T BUY
DON'T BUY
November 20, 2019
Doesn't like it. It will move higher and people will buy it, but over five years Agnico has outperformed and he prefers the latter.
Show full opinionHide full opinionDoesn't like it. It will move higher and people will buy it, but over five years Agnico has outperformed and he prefers the latter.
COMMENT
COMMENT
November 18, 2019
One of the largest gold miners in the world. They are able to do deals when the gold price is high and have trouble with the gold price is low.
Show full opinionHide full opinionOne of the largest gold miners in the world. They are able to do deals when the gold price is high and have trouble with the gold price is low.
HOLD
HOLD
November 6, 2019
Gold is not expensive. Barrick increased its dividend and he likes their management. The Chinese Central bank has been steadily building gold inventory. They want to move their reserves up to the likes of the US, Germany, etc. No major reserves are being discovered, so eventually prices will rise. Gold prices today will start some exploration across the sector. Gold prices could find resistance around $1719 /oz. Seasonally, gold prices usually rise from after US Thanksgiving into the spring.
Show full opinionHide full opinionGold is not expensive. Barrick increased its dividend and he likes their management. The Chinese Central bank has been steadily building gold inventory. They want to move their reserves up to the likes of the US, Germany, etc. No major reserves are being discovered, so eventually prices will rise. Gold prices today will start some exploration across the sector. Gold prices could find resistance around $1719 /oz. Seasonally, gold prices usually rise from after US Thanksgiving into the spring.
TOP PICK
TOP PICK
October 22, 2019
He likes gold stocks and Barrick is one of the cheaper senior ones. (Analysts’ price target is $26.80)
Show full opinionHide full opinionHe likes gold stocks and Barrick is one of the cheaper senior ones. (Analysts’ price target is $26.80)
COMMENT
COMMENT
September 27, 2019
Gold? He is not a gold specialist, but it is an area driven by lower interest rates. He thinks we are entering a new phase for gold, where gold is standing out as a safe holding again. He likes ABX-T and FNV-T in this space.
BUY
BUY
September 3, 2019
Gold: buy micro-caps? It has seriously broken through $1,400. He plays it by owning Barrick, one of the best large-caps with good managers, and ROXG for its Burkino Faso mine. The micro-caps are too small for him; he prefers large-caps because they're more predictable. Barrick is his go-to gold stock.
Gold: buy micro-caps? It has seriously broken through $1,400. He plays it by owning Barrick, one of the best large-caps with good managers, and ROXG for its Burkino Faso mine. The micro-caps are too small for him; he prefers large-caps because they're more predictable. Barrick is his go-to gold stock.
TOP PICK
TOP PICK
August 8, 2019
In gold's last run up to $1300, Barrick ran up quite a bit higher than the price to book valuation. So the stock "owes us" some valuation, because it has some catch up to do. Yield is 0.90%. (Analysts’ price target is $22.71)
Show full opinionHide full opinionIn gold's last run up to $1300, Barrick ran up quite a bit higher than the price to book valuation. So the stock "owes us" some valuation, because it has some catch up to do. Yield is 0.90%. (Analysts’ price target is $22.71)
TOP PICK
TOP PICK
July 18, 2019
Great place to be, especially if the Fed cuts rates. Gold stocks are still at multi-year lows. The charts look beautiful. A place where you can make some money. You have to watch it, put a stop on it. Yield is 0.98%. (Analysts’ price target is $20.92)
Show full opinionHide full opinionGreat place to be, especially if the Fed cuts rates. Gold stocks are still at multi-year lows. The charts look beautiful. A place where you can make some money. You have to watch it, put a stop on it. Yield is 0.98%. (Analysts’ price target is $20.92)
BUY
BUY
July 11, 2019
Likes all the golds, juniors and seniors. Juniors are the place to be.
Show full opinionHide full opinionLikes all the golds, juniors and seniors. Juniors are the place to be.
COMMENT
COMMENT
June 14, 2019
Feels as though there's a buzz around gold. Momentum's coming back into the sector. Agnico is executing well, but it's expensive. His main holding is in Barrick. If you do get a move, it should go first and you should easily get a pop in it.
WAIT
WAIT
May 9, 2019
You want to have a good gold price for it to do well. We saw a decline in 2017. We saw it falter at the beginning of this year. Seasonality will start July/August.
Show full opinionHide full opinionYou want to have a good gold price for it to do well. We saw a decline in 2017. We saw it falter at the beginning of this year. Seasonality will start July/August.
BUY WEAKNESS
BUY WEAKNESS
May 6, 2019
They are cutting the costs out of an acquisition. They don’t need the duplication. There are synergies to be realized. The market looks interesting but he has not bought in the sector yet. He would look at this quality of company.
Show full opinionHide full opinionThey are cutting the costs out of an acquisition. They don’t need the duplication. There are synergies to be realized. The market looks interesting but he has not bought in the sector yet. He would look at this quality of company.
