Barrick Gold

ABX-T

TSE:ABX

35.66
0.87 (2.38%)
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
DON'T BUY
DON'T BUY
May 16, 2016

This is not the one he would roll the dice on if it was going to be just one. There is not much asset growth longer term. Play a domestic, mid-sized company. Prefers GLD-N for hedging using gold.

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Barrick Gold (ABX-T)
May 16, 2016

This is not the one he would roll the dice on if it was going to be just one. There is not much asset growth longer term. Play a domestic, mid-sized company. Prefers GLD-N for hedging using gold.

BUY
BUY
May 9, 2016

Gold is re-testing the highs. You can see the downtrend line has been broken and this is bullish. For every big commodity trend to be broken, you need to take out the high cost producers, which we have done. You have reduced supply and this is bullish along with reduced interest rates. Canada is a politically stable country. This one looks better than SLW-T

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Gold is re-testing the highs. You can see the downtrend line has been broken and this is bullish. For every big commodity trend to be broken, you need to take out the high cost producers, which we have done. You have reduced supply and this is bullish along with reduced interest rates. Canada is a politically stable country. This one looks better than SLW-T

COMMENT
COMMENT
April 1, 2016

Evaluating gold is next to impossible. Has made some tremendous mistakes in acquisitions and the write offs that they have had. He avoids gold companies generally.

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Barrick Gold (ABX-T)
April 1, 2016

Evaluating gold is next to impossible. Has made some tremendous mistakes in acquisitions and the write offs that they have had. He avoids gold companies generally.

DON'T BUY
DON'T BUY
March 31, 2016

It has been a great buy. You are buying the commodity, and operating leverages. This has both. This one has too much financial risk to it because of its debt, however.

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Barrick Gold (ABX-T)
March 31, 2016

It has been a great buy. You are buying the commodity, and operating leverages. This has both. This one has too much financial risk to it because of its debt, however.

BUY
BUY
March 24, 2016

Is last year’s low meaningful? Is the volume supporting upward momentum? This is probably a legitimate advance and it should take out the next high. He would make sure you do not take out last year’s low. The peaks of last year would be reasonable points to correct to, (~$11).

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Barrick Gold (ABX-T)
March 24, 2016

Is last year’s low meaningful? Is the volume supporting upward momentum? This is probably a legitimate advance and it should take out the next high. He would make sure you do not take out last year’s low. The peaks of last year would be reasonable points to correct to, (~$11).

HOLD
HOLD
February 22, 2016

$1240-$1400 is his short term range, but even there a lot of gold companies will do much better than they had thought. Slashing debt where they can and focusing on the projects they are working on.

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Barrick Gold (ABX-T)
February 22, 2016

$1240-$1400 is his short term range, but even there a lot of gold companies will do much better than they had thought. Slashing debt where they can and focusing on the projects they are working on.

WAIT
WAIT
February 5, 2016

This will be volatile. Gold responds more to currency fluctuations than anything else. It is a bit of a myth that gold is an inflation hedge. The concern he has is that there could be some big currency moves out of China. A lot of producers tend to move ahead of the commodity by 3-4 months. He would wait for the gold producers to come back. Thinks this will be higher 3 months from now.

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Barrick Gold (ABX-T)
February 5, 2016

This will be volatile. Gold responds more to currency fluctuations than anything else. It is a bit of a myth that gold is an inflation hedge. The concern he has is that there could be some big currency moves out of China. A lot of producers tend to move ahead of the commodity by 3-4 months. He would wait for the gold producers to come back. Thinks this will be higher 3 months from now.

DON'T BUY
DON'T BUY
February 3, 2016

As a value investor, he cannot find value in gold or gold stocks. These are traded for emotion. Right now the US$ is showing a little bit of weakness, so gold is going up. It is probably okay to own for a trade, but he wouldn’t own it as a long-term investment.

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Barrick Gold (ABX-T)
February 3, 2016

As a value investor, he cannot find value in gold or gold stocks. These are traded for emotion. Right now the US$ is showing a little bit of weakness, so gold is going up. It is probably okay to own for a trade, but he wouldn’t own it as a long-term investment.

TOP PICK
TOP PICK
January 26, 2016

Cheap at about 1.5X Book. Thinks it will do very, very well in an era of rising bullion. Bullion has only moved a little bit, and this stock has moved from $8 to nearly $13. You want a big company with leverage.

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Barrick Gold (ABX-T)
January 26, 2016

Cheap at about 1.5X Book. Thinks it will do very, very well in an era of rising bullion. Bullion has only moved a little bit, and this stock has moved from $8 to nearly $13. You want a big company with leverage.

BUY
BUY
January 25, 2016

He believes there is something in the price. Someone knows something. Their chart is the breakdown of a large triangle. It is outperforming the sector so there has to be a reason for it.

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Barrick Gold (ABX-T)
January 25, 2016

He believes there is something in the price. Someone knows something. Their chart is the breakdown of a large triangle. It is outperforming the sector so there has to be a reason for it.

DON'T BUY
DON'T BUY
December 17, 2015

Gold as a sector is not good. She has a low weighting. She would not short because the price of gold has come done so much. There could be a relief rally. You could also have seen some tax loss selling in the stocks.

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Barrick Gold (ABX-T)
December 17, 2015

Gold as a sector is not good. She has a low weighting. She would not short because the price of gold has come done so much. There could be a relief rally. You could also have seen some tax loss selling in the stocks.

DON'T BUY
DON'T BUY
December 14, 2015

The gold stocks have come off a lot. Hs concern with this company is the price of gold. Gold has come down the least compared to other commodities, so it may have a lot farther to go yet.

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Barrick Gold (ABX-T)
December 14, 2015

The gold stocks have come off a lot. Hs concern with this company is the price of gold. Gold has come down the least compared to other commodities, so it may have a lot farther to go yet.

DON'T BUY
DON'T BUY
December 9, 2015

It is very premature to be looking at gold and he will continue to be completely out of the space.

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Barrick Gold (ABX-T)
December 9, 2015

It is very premature to be looking at gold and he will continue to be completely out of the space.

DON'T BUY
DON'T BUY
November 23, 2015

He doesn’t own any golds. As long as the US$ is this strong, it is going to be negative for gold. We are 6-9 months away from a gold bottom, although you could trade it in little bands. When he goes to gold, it would not be this one because they are so large they have trouble growing.

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Barrick Gold (ABX-T)
November 23, 2015

He doesn’t own any golds. As long as the US$ is this strong, it is going to be negative for gold. We are 6-9 months away from a gold bottom, although you could trade it in little bands. When he goes to gold, it would not be this one because they are so large they have trouble growing.

COMMENT
COMMENT
September 2, 2015

Feels the strong US$ could push gold lower. This company has been beaten down tremendously. As a conservative gold play, he prefers Franco Nevada (FNV-T). For a more pure play, in case of a turnaround in gold, he would prefer something like Detour Gold (DGC-T).

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Barrick Gold (ABX-T)
September 2, 2015

Feels the strong US$ could push gold lower. This company has been beaten down tremendously. As a conservative gold play, he prefers Franco Nevada (FNV-T). For a more pure play, in case of a turnaround in gold, he would prefer something like Detour Gold (DGC-T).

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