Barrick Gold

ABX-T

TSE:ABX

31.29
0.34 (1.07%)
Barrick Gold Corporation is the largest gold mining company in the world, with its headquarters in Toronto, Ontario, Canada.
More at Wikipedia

Analysis and Opinions about ABX-T

Signal
Opinion
Expert
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.

Show full opinionHide full opinion
Barrick Gold (ABX-T)
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.

Show full opinionHide full opinion
Barrick Gold (ABX-T)
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.

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 opinion
Barrick Gold (ABX-T)
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)
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 opinion
Barrick Gold (ABX-T)
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)
BUY
BUY
July 11, 2019
Likes all the golds, juniors and seniors. Juniors are the place to be.
Show full opinionHide full opinion
Barrick Gold (ABX-T)
July 11, 2019
Likes 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.

Show full opinionHide full opinion
Barrick Gold (ABX-T)
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 opinion
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.
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 opinion
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.
PAST TOP PICK
PAST TOP PICK
May 3, 2019
(A Top Pick Jun 04/18, Up 3%) He likes the gold stocks because you should always hold 10-20% in gold. Bullion is dirt cheap. He worries about the quality of balance sheets around the world and sees it as a safe haven.
Show full opinionHide full opinion
(A Top Pick Jun 04/18, Up 3%) He likes the gold stocks because you should always hold 10-20% in gold. Bullion is dirt cheap. He worries about the quality of balance sheets around the world and sees it as a safe haven.
DON'T BUY
DON'T BUY
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.
Show full opinionHide full opinion
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.
COMMENT
COMMENT
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.
Show full opinionHide full opinion
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.
PARTIAL BUY
PARTIAL BUY
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.
Show full opinionHide full opinion
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.
DON'T BUY
DON'T BUY
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.
Show full opinionHide full opinion
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.
TOP PICK
TOP PICK
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)
Show full opinionHide full opinion
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)
COMMENT
COMMENT
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.

Show full opinionHide full opinion
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.

Showing 16 to 30 of 822 entries