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.
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Analysis and Opinions about ABX-T

Signal
Opinion
Expert
BUY
BUY
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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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.
DON'T BUY
DON'T BUY
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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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.
BUY
BUY
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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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.
DON'T BUY
DON'T BUY
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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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.
COMMENT
COMMENT
November 5, 2018
Shareholders voted 99% in favour of takeover.
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Barrick Gold (ABX-T)
November 5, 2018
Shareholders voted 99% in favour of takeover.
WATCH
WATCH
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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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.
COMMENT
COMMENT
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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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.

DON'T BUY
DON'T BUY
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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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.

COMMENT
COMMENT
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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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.

COMMENT
COMMENT
July 25, 2018

He would prefer to see an investor buy into a diversified portfolio for precious metals. Gold is heading into a cycle bull period and he would suggest the XGD-T ETF.

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Barrick Gold (ABX-T)
July 25, 2018

He would prefer to see an investor buy into a diversified portfolio for precious metals. Gold is heading into a cycle bull period and he would suggest the XGD-T ETF.

SELL
SELL
June 25, 2018

If you need a gold, AEM-T has been a better executer. He would prefer owning gold outright if you want exposure to gold. Don’t bet on the companies.

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Barrick Gold (ABX-T)
June 25, 2018

If you need a gold, AEM-T has been a better executer. He would prefer owning gold outright if you want exposure to gold. Don’t bet on the companies.

TOP PICK
TOP PICK
June 4, 2018

It is cheap. If gold ever gets going it will have a run. If the US ever gets into recession, the market will love gold. (Analysts’ target: $19.92).

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Barrick Gold (ABX-T)
June 4, 2018

It is cheap. If gold ever gets going it will have a run. If the US ever gets into recession, the market will love gold. (Analysts’ target: $19.92).

DON'T BUY
DON'T BUY
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.

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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.

COMMENT
COMMENT
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.

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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.

PAST TOP PICK
PAST TOP PICK
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.

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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.

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