Barrick Gold

ABX-T

TSE:ABX

37.50
0.00 (0.00%)
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
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.

COMMENT
COMMENT
August 25, 2016

Hold or sell? It comes down to what you are trying to accomplish. Is this a trade or an investment? In the short term, they have been busily trying to get rid of assets, because they have a big debt overhang that has got their credit rating under review, and a negative BB. (See Top Picks.)

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Barrick Gold (ABX-T)
August 25, 2016

Hold or sell? It comes down to what you are trying to accomplish. Is this a trade or an investment? In the short term, they have been busily trying to get rid of assets, because they have a big debt overhang that has got their credit rating under review, and a negative BB. (See Top Picks.)

COMMENT
COMMENT
August 24, 2016

Has been going through an extremely difficult transition. Had been fighting for its life and had to make some extremely difficult choices. Debt levels are fairly high, but it has been going in the right direction. Still one of the larger producers globally and a low cost producer. He wouldn’t bet against them.

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Barrick Gold (ABX-T)
August 24, 2016

Has been going through an extremely difficult transition. Had been fighting for its life and had to make some extremely difficult choices. Debt levels are fairly high, but it has been going in the right direction. Still one of the larger producers globally and a low cost producer. He wouldn’t bet against them.

SELL
SELL
August 17, 2016

(Market Call Minute.) This has had a big run, so if he had it, he would be inclined to take some profits, and reinvest elsewhere.

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Barrick Gold (ABX-T)
August 17, 2016

(Market Call Minute.) This has had a big run, so if he had it, he would be inclined to take some profits, and reinvest elsewhere.

COMMENT
COMMENT
August 11, 2016

When Barrick hit $31 as a high, it gave it a 4 times book valuation. It was a pretty extended move. It got ahead of itself. It has a lot inside of it and there is anticipation that it will come out.

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Barrick Gold (ABX-T)
August 11, 2016

When Barrick hit $31 as a high, it gave it a 4 times book valuation. It was a pretty extended move. It got ahead of itself. It has a lot inside of it and there is anticipation that it will come out.

COMMENT
COMMENT
August 9, 2016

(Market Call Minute.) Probably one of the best turnaround stocks in large cap gold. Has got a lot of debt off the balance sheet and the price of gold is coming back. Really cleaning up nicely.

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Barrick Gold (ABX-T)
August 9, 2016

(Market Call Minute.) Probably one of the best turnaround stocks in large cap gold. Has got a lot of debt off the balance sheet and the price of gold is coming back. Really cleaning up nicely.

DON'T BUY
DON'T BUY
August 8, 2016

(Market Call Minute) Tremendous recovery. He is not bullish on gold at all.

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Barrick Gold (ABX-T)
August 8, 2016

(Market Call Minute) Tremendous recovery. He is not bullish on gold at all.

HOLD
HOLD
July 25, 2016

All gold stocks have run hard this year. This is partly because 1) gold was super depressed for 5 years and was due to change, 2) all the macro events, specifically the UK referendum. Now things have calmed down and people have sold off that trade. The problem is that there is no income to tide you over until things get better, so it really becomes a call on the share price. Traditionally this has been a poorly managed company, although it is getting better. He is not a big fan, and if you own he would suggest that you Hold in the hopes that you break even.

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Barrick Gold (ABX-T)
July 25, 2016

All gold stocks have run hard this year. This is partly because 1) gold was super depressed for 5 years and was due to change, 2) all the macro events, specifically the UK referendum. Now things have calmed down and people have sold off that trade. The problem is that there is no income to tide you over until things get better, so it really becomes a call on the share price. Traditionally this has been a poorly managed company, although it is getting better. He is not a big fan, and if you own he would suggest that you Hold in the hopes that you break even.

PARTIAL SELL
PARTIAL SELL
July 6, 2016

Up 100%. Hold or sell? If you are up 100% and are nervous, he would sell half. But if that goes up again, don’t regret your decision, just sell half again.

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Barrick Gold (ABX-T)
July 6, 2016

Up 100%. Hold or sell? If you are up 100% and are nervous, he would sell half. But if that goes up again, don’t regret your decision, just sell half again.

COMMENT
COMMENT
June 27, 2016

Ultimately gold is probably going to go higher, but right now when you look at this company, it is probably repricing in $1500, $1600, $1700 gold already. You are not buying this because there is good value there, you are buying it because it is a safety play right now. The stock is already becoming unglued and gold is not up very much, so he is not sure gold gives you the safety it used to.

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Barrick Gold (ABX-T)
June 27, 2016

Ultimately gold is probably going to go higher, but right now when you look at this company, it is probably repricing in $1500, $1600, $1700 gold already. You are not buying this because there is good value there, you are buying it because it is a safety play right now. The stock is already becoming unglued and gold is not up very much, so he is not sure gold gives you the safety it used to.

HOLD
HOLD
June 27, 2016

Gold has gone up with fears about the BREXIT and global uncertainties. If there is some easing on the fears of BREXIT, then he could see gold pulling back $100 an ounce.

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Barrick Gold (ABX-T)
June 27, 2016

Gold has gone up with fears about the BREXIT and global uncertainties. If there is some easing on the fears of BREXIT, then he could see gold pulling back $100 an ounce.

COMMENT
COMMENT
June 21, 2016

Gold. We are in an environment of currency wars, and as long as there is lesser confidence in the US currency appreciating, that means there is money going towards gold. The deferral of rising interest rates means that the US$ remains depressed for a longer period of time. Because of that, gold gets a significant lift. That can continue, because there always seems to be some excuse to not move on rates. He owns a different gold stock.

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Barrick Gold (ABX-T)
June 21, 2016

Gold. We are in an environment of currency wars, and as long as there is lesser confidence in the US currency appreciating, that means there is money going towards gold. The deferral of rising interest rates means that the US$ remains depressed for a longer period of time. Because of that, gold gets a significant lift. That can continue, because there always seems to be some excuse to not move on rates. He owns a different gold stock.

COMMENT
COMMENT
June 15, 2016

(Market Call Minute.) Not his favourite gold. Has had a nice rebound, but it is very large and harder to grow. Of the seniors, he prefers Goldcorp (G-T).

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Barrick Gold (ABX-T)
June 15, 2016

(Market Call Minute.) Not his favourite gold. Has had a nice rebound, but it is very large and harder to grow. Of the seniors, he prefers Goldcorp (G-T).

COMMENT
COMMENT
June 14, 2016

Has had a really nice rally year to date with the gold price recovery. Thinks the stocks are a little ahead of the commodity. There is political uncertainty which would be beneficial for gold. If the US$ weakens, that would also be beneficial for gold. Her preference is to own the actual commodity, or the Central Fund of Canada.

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Barrick Gold (ABX-T)
June 14, 2016

Has had a really nice rally year to date with the gold price recovery. Thinks the stocks are a little ahead of the commodity. There is political uncertainty which would be beneficial for gold. If the US$ weakens, that would also be beneficial for gold. Her preference is to own the actual commodity, or the Central Fund of Canada.

COMMENT
COMMENT
June 8, 2016

The last few quarters have been much better than they have been with all the write-downs of the past. At the end of the day, the challenge is that gold companies don’t create a lot of shareholder value. They raise money, spend on new developments and mining, punch holes in the ground. If gold is going up, the stock goes up, but in the end take huge write-downs, and never generate much in the way of free cash flow. He is a little skeptical about the group. He would prefer using an ETF.

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Barrick Gold (ABX-T)
June 8, 2016

The last few quarters have been much better than they have been with all the write-downs of the past. At the end of the day, the challenge is that gold companies don’t create a lot of shareholder value. They raise money, spend on new developments and mining, punch holes in the ground. If gold is going up, the stock goes up, but in the end take huge write-downs, and never generate much in the way of free cash flow. He is a little skeptical about the group. He would prefer using an ETF.

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