Barrick Gold

ABX-T

TSE:ABX

30.19
0.38 (1.27%)
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
COMMENT
COMMENT
June 5, 2020

He thinks the macro fundamentals for gold are positive for the first time in a while. He is adding it to his portfolio. We are crossing into a new paradigm with how much government support is driving this market. There will eventually be a cost for this and gold is a good hedge to the "fiscal recklessness". He purchased ABX, because of the dividend yield that went with it.

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Barrick Gold (ABX-T)
June 5, 2020

He thinks the macro fundamentals for gold are positive for the first time in a while. He is adding it to his portfolio. We are crossing into a new paradigm with how much government support is driving this market. There will eventually be a cost for this and gold is a good hedge to the "fiscal recklessness". He purchased ABX, because of the dividend yield that went with it.

TOP PICK
TOP PICK
April 22, 2020
He has owned this for about a year. Even at today's price the shares have good upside. Monetary easing and zero interest rates makes a good environment for gold to go higher. They own assets all over the world. A top tier management team as well. Better than holding an ETF as they possess physical gold of high quality. Yield 1.01% (Analysts’ price target is $34.94)
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Barrick Gold (ABX-T)
April 22, 2020
He has owned this for about a year. Even at today's price the shares have good upside. Monetary easing and zero interest rates makes a good environment for gold to go higher. They own assets all over the world. A top tier management team as well. Better than holding an ETF as they possess physical gold of high quality. Yield 1.01% (Analysts’ price target is $34.94)
COMMENT
COMMENT
March 27, 2020

He does not like this ETF. He would prefer to own the shares, not just holding derivatives. This can cause discounts to NAV at times. He would prefer to hold solid producers like FNV or ABX. If you want an ETF, he would pick HGGG.

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Barrick Gold (ABX-T)
March 27, 2020

He does not like this ETF. He would prefer to own the shares, not just holding derivatives. This can cause discounts to NAV at times. He would prefer to hold solid producers like FNV or ABX. If you want an ETF, he would pick HGGG.

DON'T BUY
DON'T BUY
March 23, 2020

He is not a big gold bug. During the last financial crisis he bought gold and used ABX-T for about a year. He is not a believer. It does not pay a yield and does not serve a purpose. They have had a troubled history. Stocks tied to everyone staying at home are going up NFLX, Dominos Pizza (DPZ-N), video game manufacturers, and AMZN-Q, for example. He likes high yield stocks but they have proved to be very disappointing.

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Barrick Gold (ABX-T)
March 23, 2020

He is not a big gold bug. During the last financial crisis he bought gold and used ABX-T for about a year. He is not a believer. It does not pay a yield and does not serve a purpose. They have had a troubled history. Stocks tied to everyone staying at home are going up NFLX, Dominos Pizza (DPZ-N), video game manufacturers, and AMZN-Q, for example. He likes high yield stocks but they have proved to be very disappointing.

TOP PICK
TOP PICK
March 16, 2020
It's close to its book value now during this bear market. Nice balance sheet which they have worked hard to improve in recent years. It was coming out of the woods when the virus hit markets. Its fundamentals and earnings are still there, despite this bear market. (Analysts’ price target is $28.19)
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Barrick Gold (ABX-T)
March 16, 2020
It's close to its book value now during this bear market. Nice balance sheet which they have worked hard to improve in recent years. It was coming out of the woods when the virus hit markets. Its fundamentals and earnings are still there, despite this bear market. (Analysts’ price target is $28.19)
BUY
BUY
March 2, 2020

ABX-T owns the majority of the joint venture and NGT-T owns about 40%. This is a deal that should have happened a long time ago. You had all these ounces that could be treated at a plant next door but you could not do that and it was not economic to do so at another plant. It shows some sanity to generalist investors. ABX-T did the best out of it.

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Barrick Gold (ABX-T)
March 2, 2020

ABX-T owns the majority of the joint venture and NGT-T owns about 40%. This is a deal that should have happened a long time ago. You had all these ounces that could be treated at a plant next door but you could not do that and it was not economic to do so at another plant. It shows some sanity to generalist investors. ABX-T did the best out of it.

BUY
BUY
March 2, 2020
Barrick should be every investment-grade portfolio. It's such high-quality, it may not outperform the index. It's the biggest, most liquid and highest-quality gold company. General investors will start with Barrick.
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Barrick Gold (ABX-T)
March 2, 2020
Barrick should be every investment-grade portfolio. It's such high-quality, it may not outperform the index. It's the biggest, most liquid and highest-quality gold company. General investors will start with Barrick.
PAST TOP PICK
PAST TOP PICK
February 6, 2020
(A Top Pick Feb 11/19, Up 37%) Gold has leaps to go and government balance sheets are not getting any better for sure. The US president is getting more desperate to get re-elected and to would want to inject more value into the currency. Inflation is low. But cost of living in many US cities, based on a basket of goods in each city, are going ahead 8 to 10% per year.
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Barrick Gold (ABX-T)
February 6, 2020
(A Top Pick Feb 11/19, Up 37%) Gold has leaps to go and government balance sheets are not getting any better for sure. The US president is getting more desperate to get re-elected and to would want to inject more value into the currency. Inflation is low. But cost of living in many US cities, based on a basket of goods in each city, are going ahead 8 to 10% per year.
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.
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Barrick Gold (ABX-T)
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.
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)
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Barrick Gold (ABX-T)
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)
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.

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Barrick Gold (ABX-T)
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.

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.
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Barrick Gold (ABX-T)
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.
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.
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Barrick Gold (ABX-T)
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.
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.
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Barrick Gold (ABX-T)
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.
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)
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Barrick Gold (ABX-T)
October 22, 2019
He likes gold stocks and Barrick is one of the cheaper senior ones. (Analysts’ price target is $26.80)
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