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
COMMENT
COMMENT
April 24, 2017

He has been a long-time Bull on gold. Likes this as a senior play, but prefers Gold Corp (G-T). Thinks the price of gold is going higher, between $1300-$1400 this year, and that would help all gold stocks.

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Barrick Gold (ABX-T)
April 24, 2017

He has been a long-time Bull on gold. Likes this as a senior play, but prefers Gold Corp (G-T). Thinks the price of gold is going higher, between $1300-$1400 this year, and that would help all gold stocks.

COMMENT
COMMENT
April 3, 2017

Seasonally you should own gold from the end of the summer into November. Gold has to break $1250, but may have trouble.

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Barrick Gold (ABX-T)
April 3, 2017

Seasonally you should own gold from the end of the summer into November. Gold has to break $1250, but may have trouble.

HOLD
HOLD
February 23, 2017

It broke out of a down trend earlier. Gold tends to slow down during March to May. ABX-T would go down. Put some stops on this. As soon as gold weakens, then exit.

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Barrick Gold (ABX-T)
February 23, 2017

It broke out of a down trend earlier. Gold tends to slow down during March to May. ABX-T would go down. Put some stops on this. As soon as gold weakens, then exit.

SELL
SELL
February 6, 2017

It will be interesting if they can get a positive transit of EBV+4, or is this a double top? He is watching this one carefully to see what happens. $17.21 is the model rice, 30% lower. The earnings forecast is very disappointing. We will see. Sell around $26.66 and see what happens. He thinks a top is forming.

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Barrick Gold (ABX-T)
February 6, 2017

It will be interesting if they can get a positive transit of EBV+4, or is this a double top? He is watching this one carefully to see what happens. $17.21 is the model rice, 30% lower. The earnings forecast is very disappointing. We will see. Sell around $26.66 and see what happens. He thinks a top is forming.

PAST TOP PICK
PAST TOP PICK
January 19, 2017

(Top Pick Jan 26/16, Up 66.68%) It has already had a massive set back. He was glad of that. Gold has a place in every portfolio. Trump may push up the US$ which is negative for gold. Interest rate increases would be negative for gold. So he has stepped aside from the group.

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Barrick Gold (ABX-T)
January 19, 2017

(Top Pick Jan 26/16, Up 66.68%) It has already had a massive set back. He was glad of that. Gold has a place in every portfolio. Trump may push up the US$ which is negative for gold. Interest rate increases would be negative for gold. So he has stepped aside from the group.

COMMENT
COMMENT
January 6, 2017

Gold is very difficult in that the underlying commodity goes up and down, and is very difficult to predict the direction. However, it looks like gold has found a comfortable level, and doesn’t feel like it is going to go down from here. If anything, he feels it will go higher. This company is at an all-time low on ROC. Because of the nature of the cycle they are going to start to turn that around. Due to their leverage on their balance sheet, it is going to actually work in their favour. He could see this, optimistically, in the high $30.

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Barrick Gold (ABX-T)
January 6, 2017

Gold is very difficult in that the underlying commodity goes up and down, and is very difficult to predict the direction. However, it looks like gold has found a comfortable level, and doesn’t feel like it is going to go down from here. If anything, he feels it will go higher. This company is at an all-time low on ROC. Because of the nature of the cycle they are going to start to turn that around. Due to their leverage on their balance sheet, it is going to actually work in their favour. He could see this, optimistically, in the high $30.

DON'T BUY
DON'T BUY
January 5, 2017

He is bearish on gold. Bit Coin shot up last night. Chinese investors are going after Bit Coin instead of gold. ABX-T had a positive transit last week. His model price is $17.91. The fundamentals aren’t quite there.

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Barrick Gold (ABX-T)
January 5, 2017

He is bearish on gold. Bit Coin shot up last night. Chinese investors are going after Bit Coin instead of gold. ABX-T had a positive transit last week. His model price is $17.91. The fundamentals aren’t quite there.

PAST TOP PICK
PAST TOP PICK
December 1, 2016

(A Top Pick Jan 26/16. Up 49.48%.) The stock actually got up to $31, and had a 40% correction from the top. He has a technical line in the sand at about $14. He is concerned about the price of bullion in the next while.

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Barrick Gold (ABX-T)
December 1, 2016

(A Top Pick Jan 26/16. Up 49.48%.) The stock actually got up to $31, and had a 40% correction from the top. He has a technical line in the sand at about $14. He is concerned about the price of bullion in the next while.

COMMENT
COMMENT
November 11, 2016

A vastly improved company this year. His suspicion is that gold will be trading “sideways to down” to the end of the year. Next year will be very good for gold. You are always better off buying better companies, rather than pure marginality and optionality.

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Barrick Gold (ABX-T)
November 11, 2016

A vastly improved company this year. His suspicion is that gold will be trading “sideways to down” to the end of the year. Next year will be very good for gold. You are always better off buying better companies, rather than pure marginality and optionality.

COMMENT
COMMENT
October 26, 2016

Doesn’t have a lot of gold exposure except for this. Feels the name is going to continue to perform well.

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Barrick Gold (ABX-T)
October 26, 2016

Doesn’t have a lot of gold exposure except for this. Feels the name is going to continue to perform well.

TOP PICK
TOP PICK
October 24, 2016

They returned debt earlier this year. Cost profitability has goes up and you will see better margins when they report later this week. The uncertainty with US elections and dollar, gold will come back into favour.

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Barrick Gold (ABX-T)
October 24, 2016

They returned debt earlier this year. Cost profitability has goes up and you will see better margins when they report later this week. The uncertainty with US elections and dollar, gold will come back into favour.

DON'T BUY
DON'T BUY
October 18, 2016

(Market Call Minute.) Owns a very small position, but doesn’t love the golds.

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Barrick Gold (ABX-T)
October 18, 2016

(Market Call Minute.) Owns a very small position, but doesn’t love the golds.

COMMENT
COMMENT
September 28, 2016

Feels the very large gold companies will do well for the balance of this year. This one will benefit because of an expansion of margin. It looks like they have sold some of their problems. Also, the Canadian generalist institutions are underweight gold, and he thinks they will have to buy this for the balance of the year.

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Barrick Gold (ABX-T)
September 28, 2016

Feels the very large gold companies will do well for the balance of this year. This one will benefit because of an expansion of margin. It looks like they have sold some of their problems. Also, the Canadian generalist institutions are underweight gold, and he thinks they will have to buy this for the balance of the year.

COMMENT
COMMENT
September 15, 2016

Feels this is restructuring, and he wouldn’t be looking to Buy this. They have done a good job of bringing down their debt levels. If you want to be in gold, you are better off being in the mid-cap or smaller cap name. This one tends to get in the way of itself sometimes, and he doesn’t see where growth is going to come from.

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Barrick Gold (ABX-T)
September 15, 2016

Feels this is restructuring, and he wouldn’t be looking to Buy this. They have done a good job of bringing down their debt levels. If you want to be in gold, you are better off being in the mid-cap or smaller cap name. This one tends to get in the way of itself sometimes, and he doesn’t see where growth is going to come from.

BUY
BUY
September 8, 2016

He recommends it to clients right now. Gold stocks have been tough until very recently. Return on capital went from 12% in 2011 to 1% now. He expects that to go back up. It is highly levered so it will move a lot compared to gold. If gold moves the wrong way it could really drop. Be aware of the risk.

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Barrick Gold (ABX-T)
September 8, 2016

He recommends it to clients right now. Gold stocks have been tough until very recently. Return on capital went from 12% in 2011 to 1% now. He expects that to go back up. It is highly levered so it will move a lot compared to gold. If gold moves the wrong way it could really drop. Be aware of the risk.

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