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
February 2, 2018

Cleaned up their balance sheet. Still have a lot of debt though they've reigned it in. ROIC went from -8% to 3% in just two years. They're doing the right things.

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Barrick Gold (ABX-T)
February 2, 2018

Cleaned up their balance sheet. Still have a lot of debt though they've reigned it in. ROIC went from -8% to 3% in just two years. They're doing the right things.

TOP PICK
TOP PICK
January 2, 2018

Looks very similar to the actual GLD chart on gold. It's turned the corner, and has built a very, very nice base. Believes it has $25 written all over it in a very short time. If we get gold up through $1400, this has plenty of upside. (Analysts' price target is $19.31.)

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Barrick Gold (ABX-T)
January 2, 2018

Looks very similar to the actual GLD chart on gold. It's turned the corner, and has built a very, very nice base. Believes it has $25 written all over it in a very short time. If we get gold up through $1400, this has plenty of upside. (Analysts' price target is $19.31.)

COMMENT
COMMENT
December 21, 2017

A big fan of this company, especially at this time. Certainly had some tough time time in the last 2-3 years with a lot of debt, and it still does. But one of his key metric is return on invested capital and it seems it has finally bottomed and it’s starting to recover. It’s not carried away but it’s in the right direction and doesn’t need to do much to justify the price. He likes it quite a lot.

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Barrick Gold (ABX-T)
December 21, 2017

A big fan of this company, especially at this time. Certainly had some tough time time in the last 2-3 years with a lot of debt, and it still does. But one of his key metric is return on invested capital and it seems it has finally bottomed and it’s starting to recover. It’s not carried away but it’s in the right direction and doesn’t need to do much to justify the price. He likes it quite a lot.

BUY WEAKNESS
BUY WEAKNESS
December 18, 2017

He likes gold and has been buying it but he buys it through ETFs like ZGD-T. He is playing for a rally where ABX-T gets to $22, 15% upside. He would sell at that point.

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Barrick Gold (ABX-T)
December 18, 2017

He likes gold and has been buying it but he buys it through ETFs like ZGD-T. He is playing for a rally where ABX-T gets to $22, 15% upside. He would sell at that point.

SELL
SELL
December 6, 2017

When it comes to gold, you have to ask why you are there. You are either playing defence, or as an offense thinking gold is going to go to $2000 an ounce. When talking about companies, you either feel there is something unique about management or they have a competitive advantage. His strategy for clients is to own gold bullion, which is his way of playing defence. Gold acts as a pretty good hedge against geopolitical or mayhem that may be out there. He would sell this and buy gold bullion.

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Barrick Gold (ABX-T)
December 6, 2017

When it comes to gold, you have to ask why you are there. You are either playing defence, or as an offense thinking gold is going to go to $2000 an ounce. When talking about companies, you either feel there is something unique about management or they have a competitive advantage. His strategy for clients is to own gold bullion, which is his way of playing defence. Gold acts as a pretty good hedge against geopolitical or mayhem that may be out there. He would sell this and buy gold bullion.

COMMENT
COMMENT
November 9, 2017

While he likes the improved balance sheet and the cash costs, he is nervous about the production pipeline.

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Barrick Gold (ABX-T)
November 9, 2017

While he likes the improved balance sheet and the cash costs, he is nervous about the production pipeline.

DON'T BUY
DON'T BUY
August 28, 2017

It struggles with growth because of their size. It is roughly 50% of the XGD-T ETF. He would go to the ETF for the safety from the diversification. He would like to see ABX-T sell a mine to make themselves smaller so perhaps they can grow again.

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Barrick Gold (ABX-T)
August 28, 2017

It struggles with growth because of their size. It is roughly 50% of the XGD-T ETF. He would go to the ETF for the safety from the diversification. He would like to see ABX-T sell a mine to make themselves smaller so perhaps they can grow again.

COMMENT
COMMENT
August 15, 2017

A very, very large gold company. Attempting to grow is very difficult, whereas a smaller company can, and can even get taken out. The problem is that they all tend to be below the price where you first bought them. Gold has been firming up a little lately. This company would not be his choice.

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Barrick Gold (ABX-T)
August 15, 2017

A very, very large gold company. Attempting to grow is very difficult, whereas a smaller company can, and can even get taken out. The problem is that they all tend to be below the price where you first bought them. Gold has been firming up a little lately. This company would not be his choice.

BUY
BUY
July 24, 2017

He prefers a stock to the bullion. How can you calculate what gold is worth. The price of gold is what it is and you ask if the company can make much money. ABX-T cannot make much money right here. If we get a lift in the gold price then you get a bigger lift in the price of the stock.

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Barrick Gold (ABX-T)
July 24, 2017

He prefers a stock to the bullion. How can you calculate what gold is worth. The price of gold is what it is and you ask if the company can make much money. ABX-T cannot make much money right here. If we get a lift in the gold price then you get a bigger lift in the price of the stock.

BUY
BUY
May 18, 2017

He would call this a Buy, but it is not clear-cut. It is cyclical. One concern is that they have such a high level of debt. When things go well this company is going to do great, but not so well when things are bad. It will be more volatile than the market, but overall, a good company.

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Barrick Gold (ABX-T)
May 18, 2017

He would call this a Buy, but it is not clear-cut. It is cyclical. One concern is that they have such a high level of debt. When things go well this company is going to do great, but not so well when things are bad. It will be more volatile than the market, but overall, a good company.

COMMENT
COMMENT
May 17, 2017

They have a lot of difficult geography in the sense of geopolitics. It seems that everywhere they have a mine, they are running into environmental and governmental activism and ecological concerns. It is not as easy for companies like this to go to Chile and dig a hole in the ground, and start taking out ore.

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Barrick Gold (ABX-T)
May 17, 2017

They have a lot of difficult geography in the sense of geopolitics. It seems that everywhere they have a mine, they are running into environmental and governmental activism and ecological concerns. It is not as easy for companies like this to go to Chile and dig a hole in the ground, and start taking out ore.

COMMENT
COMMENT
May 12, 2017

A tremendous recovery story. They’ve fixed their balance sheet and operating statements. For individual investors who are getting back into gold, consider buying one of the large cap ETF’s, rather than buying an individual stock. This limits single company risk.

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Barrick Gold (ABX-T)
May 12, 2017

A tremendous recovery story. They’ve fixed their balance sheet and operating statements. For individual investors who are getting back into gold, consider buying one of the large cap ETF’s, rather than buying an individual stock. This limits single company risk.

COMMENT
COMMENT
May 2, 2017

He is a gold bull currently. This company generates a decent amount of free cash flow. First quarter was an ugly quarter across the board and the stock reacted accordingly. One of the few names you can get in the gold space that generates a reasonable amount of free cash to the bottom line, which is something he focuses on. A reasonable long-term gold name to own. The net debt number is not something that alarms him.

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He is a gold bull currently. This company generates a decent amount of free cash flow. First quarter was an ugly quarter across the board and the stock reacted accordingly. One of the few names you can get in the gold space that generates a reasonable amount of free cash to the bottom line, which is something he focuses on. A reasonable long-term gold name to own. The net debt number is not something that alarms him.

BUY
BUY
May 1, 2017

XGD-T is the market cap weighted way to play the golds. ZGD-T is another one. Gold is probably going to be 1100-1350 over the next couple of years. He would buy dips in the gold names for a return to $1250 over the summer. It is a good play this summer.

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XGD-T is the market cap weighted way to play the golds. ZGD-T is another one. Gold is probably going to be 1100-1350 over the next couple of years. He would buy dips in the gold names for a return to $1250 over the summer. It is a good play this summer.

COMMENT
COMMENT
April 25, 2017

They have done a great job in bringing their costs down. If you want to be a gold stock investor, he would prefer going with something like this, versus some of the others. At the beginning of the year, it showed a strong run, but has pulled back now and is currently at a critical level at around $22. If it breaks below that, we might see some weakness. He would look for support at around $21. This also has some geopolitical risks.

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Barrick Gold (ABX-T)
April 25, 2017

They have done a great job in bringing their costs down. If you want to be a gold stock investor, he would prefer going with something like this, versus some of the others. At the beginning of the year, it showed a strong run, but has pulled back now and is currently at a critical level at around $22. If it breaks below that, we might see some weakness. He would look for support at around $21. This also has some geopolitical risks.

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