| Comment | 39.050 | John O'Connell, CFA | The challenge with a big gold producers is how do they go out and replace their production. His preference would be Jaguar Mining (JAG-T). | 2008-05-15 | |
| Comment | 38.770 | David Baskin | Doesn't understand why gold drops with the US$ and he has a rule that if you don't understand, don't buy. | 2008-05-13 | |
| HOLD | 38.950 | Norman Levine | Gold has come off its high. Longer-term outlook continues to be good but has some near-term weakness ahead of it. Barrick (ABX-T) or Newmont (NMC-T) would be fine choices. | 2008-05-12 | |
| WAIT | 39.510 | Brooke Thackray | Have come a long way from having a hedge book and clearing out their hedge book. Came out with some great results the other day. Well diversified. Gold tends to take off in the July timeframe and he thinks there is a pause in gold right now. The technical picture on the company is not that bad. Has come down to the same level as the “left shoulder” on the chart. Wait until July. | 2008-05-09 | |
| BUY | 39.510 | Bruce Campbell | To be a Buy you have to be reasonably confident about the gold price. Seasonally, gold usually moves May to September. If gold where to run again and take a shot at $1000, which he thinks it could reasonably do, this would be a good entry point. | 2008-05-09 | |
| BUY | 41.000 | Brian Acker, CA | His favourite in golds. His model price is $46.70, a 20% positive differential. | 2008-05-08 | |
| BUY | 39.190 | Greg A. Taylor, CFA, BBA | One of the few places in Canada where you can have a global leader and they have done a fantastic job in getting to that stature. Great management team. They don't have as good a growth profile right now as other senior gold companies. This is due to some permitting risks and timing delays they've had. He is positive on gold and the seniors. | 2008-05-07 | |
| BUY | 40.310 | Jennifer Stevenson | A bellwether stock in gold. Thinks that gold prices in the $900+ range are here to stay. Has a great deal of growth coming on in both the gold side and their zinc production. Their costs are very low. | 2008-04-25 | |
| DON'T BUY | 43.250 | Ravi Sood | Thinks that in the short term, gold equities are going to be weak. Not a good entry point. Over owned. | 2008-04-21 | |
| TOP PICK | 43.250 | Richard Croft | Covered Call Write. This strategy involves buying Barrick at the current price and selling June 46 calls at $1.75. Basically he thinks Barrick will be range bound. The option premiums on gold stocks historically are very attractive if you are in option writing. | 2008-04-21 | |
| BUY | 43.760 | Paul Thornton | One of your best gold performers lately. Looks bullish to him. | 2008-04-11 | |
| HOLD | 44.960 | Gavin Graham | Graph shows higher lows. They have got rid of their hedge position. This is the stock were the big money will go in when buying gold. | 2008-04-09 | |
| TOP PICK | 43.600 | Ron Meisels | This has been his favourite gold through the years. | 2008-04-08 | |
| WEAK BUY | 45.600 | Lyle Stein | Like it, it’s the big guy. The most liquid gold stock out there. The cash flows are outstanding. Will be a vehicle as the market goes to liquidity. $60 target is reasonable in 1 year. Gold is not going to stop at $1000. | 2008-03-28 | |
| TOP PICK | 46.300 | Ross Healey | Lots of upside potential. An excellent balance sheet. Extremely well run company. Attractive for value investors. Their costs are under fairly reasonable control. The earnings forecasts have been rising nicely. | 2008-03-26 | |
| DON'T BUY | 42.980 | Paul Harris, CFA | Don’t like it. Not a lot of growth. Prefer Gold corp, with a very strong growth profile. Long term, gold will go up. | 2008-03-20 | |
| TOP PICK | 52.500 | Ron Meisels | Has been in a major up trend. It is a minimum $60 stock. Institutions are very happy to own this because it’s a senior stock. | 2008-03-14 | |
| WATCH | 50.190 | Kenneth P. Norquay, CMT | In a dynamic uptrend. Very sharp correction in January and is now consolidating. Formed a triangle from the 2 last highs. When it breaks through the top of the triangle with high-volume, that is bullish. If it breaks through the bottom, look out. | 2008-03-11 | |
| PARTIAL SELL | 50.930 | John Zechner | Gold stocks are trailing gold bullion a little, in terms of reflecting the move off of bullion. He wouldn't be buying either one right now. His worry is the US$. A lot of the trading in commodities is a straight play off the US$, in the oils, base metals and precious metals. Thinks the US$ will hit a low in the middle of this year or even earlier. When that happens, a lot of the fast money moves of the commodities trade, including gold. He's take some profit. | 2008-03-06 | |
| DON'T BUY | 52.150 | Michael Sprung | Likes golds right now. There is a real, solid demand for gold. With less developed countries starting to pick up speed, there is more commercial demand. Feels there are better areas within the sector but this should continue to perform well. (See his Top Picks.) | 2008-03-05 | |
| BUY | 52.920 | David Burrows | This is the senior gold that a lot of institutions like to own. They are seating rising costs and are hedged on a lot of their development projects, which caps some of their upside to some extent. | 2008-03-03 | |
| Comment | 51.200 | Robert Floyd | Companies are having higher production costs. Larger companies, without a great growth profile, will have weaker numbers than others. While production profile is pretty good, they still need to acquire assets to maintain it. | 2008-02-29 | |
| TOP PICK | 48.200 | Kenneth P. Norquay, CMT | Likes this one because it is outperforming the market so dramatically. Gold is doing really well and is in a solid uptrend. Established a base from 2006 into 2007 and then broke out mid-2007 and is now in an uptrend. Has now pulled back. He is now looking for an entry point. The last low would be an exit point but if it moves up add a little more. Stoploss would be around $44. | 2008-02-12 | |
| TOP PICK | 49.840 | David Cockfield | Biggest gold company in the world. Have lots of mines globally. Getting into a part of the cycle where their production is in a pretty good upswing. Gold is a good place to have some investments. | 2008-02-08 | |
| Comment | 48.790 | Peter Brieger | If you believe, like him, that the price of gold is going to $1200, then this will go up also. He prefers others. | 2008-02-06 | |
| BUY | 50.640 | Brendan Caldwell | Likes this one as it has clearly participated in the stronger move on gold. Globally diversified. | 2008-02-01 | |
| BUY | 53.770 | David Burrows | If you are looking for an island of strength in a weak market it would be golds. They have performed remarkably well from about the second week of December. This company has very good geographic diversifications and all kinds of new projects to come on in the next while. | 2008-01-28 | |
| TOP PICK | 47.790 | David Burrows | (Market Call Minute.) Physical gold is behaving very well. This one is a very well diversified producer so there is not much country risk. Everybody should have exposure to, whether through an ETF or a large producer. Would put his stop loss at $43.50. | 2008-01-18 | |
| DON'T BUY | 48.070 | Brian Acker, CA | Not overvalued, but probably will be selling at the end of the month because of the parabolic move of gold. | 2008-01-17 | |
| DON'T BUY | 48.070 | Brian Acker, CA | Has trimmed his holdings back to about a 5% position and thinks it will be out of his portfolio because it has gone way above his model price of $41.66. -14% differential. | 2008-01-17 | |
| BUY | 47.480 | Norman Levine | Most of the time, gold has an inverse relationship with the US$. This is a good choice. | 2008-01-07 | |
| BUY on WEAKNESS | 47.480 | Michael Decter | Didn't move for a long time even though gold moved. When gold jumped above $800, this stock went with it. Not sure how much further up it can go in the very short term. Would look at buying in the lower $40's. | 2008-01-07 | |
| BUY | 45.650 | Gavin Graham | The largest gold producer in Canada. It is now mostly unhedged. Likes gold. | 2008-01-02 | |
| Comment | 41.780 | Bruce Campbell | The safest gold stock but has the least upside leverage. If you are expecting $1000 gold you'll want something smaller with more leverage. If just putting your toe in and it’s more portfolio insurance than an upside in growth, this would be the one. | 2007-12-31 | |
| BUY | 38.620 | David Cockfield | Sees gold going higher and could be $900. Partially due to a weak US$ and partially because of the potential for inflation. Well-run company. | 2007-12-21 | |
| TOP PICK | 37.400 | Ross Healey | Has some doubt about the intrinsic value of the US$, which he expects to continue to sink. This is one of the few golds that has rising FMV. Brilliantly managed. Good intrinsic value, rising FMV and a very nice balance sheet. | 2007-12-20 | |
| TOP PICK | 40.320 | Ross Healey | Has a grim view of the US$, so has to go with the gold stock because of the sympathy factor. FMV is substantially higher than the current price. Technically, the stock is acting very well. | 2007-11-30 | |
| Comment | 40.950 | David Baskin | Gold is pretty difficult to predict and is a volatile metal. If you are going to own a gold producer, this is probably the one to own. | 2007-11-29 | |
| BUY | 41.420 | Derek Webb, CFA | Gold is the sector that he is 2nd longest in (Technology is #1) and thinks gold will go a lot higher. US$ is still in trouble. You want to own companies that have production outside of Canada because if the Cdn$ goes up, it's not good for earnings. | 2007-11-28 | |
| BUY | 42.400 | Ron Meisels | Everyone should have this in their portfolio. Had a huge base from which a major up leg is likely to happen. | 2007-11-23 | |
| Comment | 40.670 | Bill Carrigan | Still trending upward. Had a nasty down day yesterday, but this is normal. Because the stock is interlisted, if the Cdn$ softens just slightly against the US, it will help this company on an interlisted basis. | 2007-11-13 | |
| TOP PICK | 40.670 | Bill Belovay | It is very significant that gold has tried to break through the $850 level. If it breaks through, we are into an entirely new playing field. This stock gives you the cushion if the gold price should fall. | 2007-11-13 | |
| Comment | 42.000 | Veronika Hirsch | If gold is going up, this stock is going up. Very liquid. Not very growthy but it's okay. Prefers the growth stories. Expensive. | 2007-10-31 | |
| BUY on WEAKNESS | 41.420 | Brooke Thackray | Has done quite well. The volume levels have tapered off. Could still do well at this time although it’s not in a sweet spot. Would pick it up around $38. | 2007-10-26 | |
| TOP PICK | 39.740 | Bill Carrigan | Believes that this stock is lagging and it will go higher as gold prices go higher. | 2007-10-17 | |
| DON'T BUY | 41.170 | Brian Acker, CA | His model price is $39.86, a negative 3% differential. With most of the gold stocks, this stock is probably the most value you are going to get. Most of them are way above their model price. | 2007-10-10 | |
| TOP PICK | 41.170 | Bill Carrigan | Has been a dog for years and has finally broken out of the congestion. With gold breaking out, if you want to participate you have to ignore smaller players. Big bucks are going to go into the big cap stocks. | 2007-10-10 | |
| TOP PICK | 41.170 | Bill Carrigan | Has been a dog for years and has finally broken out of the congestion. With gold breaking out, if you want to participate you have to ignore smaller players. Big bucks are going to go into the big cap stocks. | 2007-10-10 | |
| TOP PICK | 40.190 | Ross Healey | Good international exposure. Recently broke out at one of his key breakpoints at about 2X Book. Lots of upside potential. You should have at least 1 and possibly 2 gold stocks in your portfolio because of the weakening US$. | 2007-10-05 | |
| TOP PICK | 40.400 | David Burrows | The institutional favourite. Have taken their corporate hedges off over the last several months and will benefit fully from a rise in the price of gold. Largest producer in the world. Very diverse product portfolio. Under owned by institutions. | 2007-10-04 | |
| Comment | 39.950 | David Cockfield | Believes the price of gold is going up with the US$ showing such weakness. These days, he prefers Goldcorp (G-T). They don't pay much in the way of a dividend. | 2007-09-28 | |
| HOLD | 39.210 | Bruce Campbell | Has had a nice run in the last few weeks. Fully valued now. | 2007-09-25 | |
| TOP PICK | 39.270 | David Burrows | Fed cutting rates + weaker U.S dollar points to higher gold prices. Gold looks very attractive. Largest producer of gold in the world, likely to attract a lot of buyers. | 2007-09-19 | |
| BUY | 38.720 | Gordon Higgins, CA, MBA, CFA | Has been moving with the gold price. Management had most of its production hedged but these are unwinding. Feels it will continue moving up with the gold index. He can see gold hitting $750. | 2007-09-12 | |
| BUY | 33.750 | Norman Levine | In the current market environment, gold and gold stocks have held up exceedingly well. This portends well for future upside moves. Comment: - If there is a sharp move down in the market you could get a temporary spike down which would be a buying opportu | 2007-08-29 | |
| TOP PICK | 33.750 | Nick Majendie | Very bullish on gold. Has excellent internal growth through a number of different projects. Valuations on a price to cash flow basis are extremely attractive. You will have to be patient with this. | 2007-08-29 | |
| DON'T BUY | 32.840 | Derek Webb, CFA | The biggest gold producer in the world. He is very bullish on gold. They have had the best-run year to date of any of the golds. A lot of this has already been priced in and he would go further down the chain. | 2007-08-28 | |
| TOP PICK | 33.510 | Bill Carrigan | Not bullish on gold, but this was one of the better stocks in the last 2 weeks. A big play with huge liquidity and it is well off the low in June. If the big money is going into this sector, it will probably go into this stock. | 2007-08-20 | |
| TOP PICK | 35.560 | Bill Carrigan | With last week's sell off, he ran a filter for volume increase and a close above the prior week's low. Well above its February sell off. Feels the gold sector will be coming on. Likes the gold sector. | 2007-07-30 | |
| BUY | 35.240 | Norman Levine | All of the big cap gold stocks have done nothing for investors over the last year. Investors are now waking up that relative to the commodity price, the senior golds are now undervalued. | 2007-07-18 | |
| Comment | 35.240 | Alex Ruus | Gold is one of the poorest performing sectors. He likes the valuation of gold. In the resource sector, he tends to play the smaller cap stuff. Good company. | 2007-07-18 | |
| Comment | 31.350 | David Baskin | Has difficulty understanding the pricing of gold, so does not own any golds. This is probably one of the best in this sector. | 2007-06-19 | |
| BUY | 29.970 | Brian Acker, CA | This gold company is different from other gold companies, because they're earnings have not been hit. | 2007-06-07 | |
| TOP PICK | 31.200 | Ross Healey | Fairly cheap, and it's fair market value has held up fairly well. Best management in the gold industry around the world.
Is the best of the golds and should be the anchor of your gold portfolio.
This one's book value is 1.8 (he likes 1 or 2 so it fits right in).
| 2007-06-01 | |
| BUY | 31.440 | Brian Acker, CA | His model price is $40.30, which is a 28% positive differential. It has made it to his top 10 of his Canada Focus. | 2007-05-24 | |
| DON'T BUY | 32.890 | Ian Nakamoto | The whole gold sector has been disappointing. Prefers Goldcorp (G-T), which has stronger production. | 2007-05-14 | |
| TOP PICK | 33.280 | Richard Croft | His strategy is to buy the stock and sell an Oct $34 call option. The option in Oct is worth $2.15. Buying the stock at $33.20, he writes the $34 call option, he gets $2.15 immediately (taxed as a capital gain). This reduces his cost base. | 2007-05-10 | |
| Comment | 34.430 | David Baskin | If you believe in gold, this is the place to be. Will probably be the biggest and the best. Not a buy-and-hold, but could be good for agile investors. | 2007-05-08 | |
| SELL | 31.880 | David Burrows | Has been lagging the group. There have been continual disappointments on the cash flow. | 2007-04-24 | |
| BUY | 32.550 | Robert Cohen B.A.Sc., MBA, CFA | If you want to own a really safe, senior gold producer, there's nothing wrong with this one. | 2007-04-20 | |
| HOLD | 33.710 | Stephen Carlin | Has a flat production profile. Valuation has drifted down where it makes it difficult for them to grow through acquisitions. Will hit a bit of a road bump in 2010. If you own, consider selling. | 2007-04-05 | |
| DON'T BUY | 33.220 | John Zechner | Not much growth in this one. Would buy streetTracks (GLD-N) instead, which is a direct play on gold. | 2007-04-02 | |
| Comment | 33.520 | Kyle McKay | Very much a diversified miner and are exposed to base metal, which a lot of investors forget. | 2007-03-19 | |
| TOP PICK | 33.200 | Ross Healey | Getting rid of a lot of their hedging, but still have some. FMV is much higher than the current price. Relative to the gold index, the stock is fairly cheap. A conservative way to play gold. | 2007-03-07 | |
| PAST TOP PICK | 33.300 | Bruce Campbell | (A Top Pick Mar 6/06. Up 6.5%.) Doing all the right things. Lowering its hedge, acquired Placer and has pretty good production growth. | 2007-03-06 | |
| DON'T BUY | 33.620 | Peter Brieger | Likes gold very much. His preference is the gold iShares listed in New York. With this, he would match at to an intermediate company rather than Barrick. | 2007-03-02 | |
| BUY | 36.360 | Michael Decter | He likes this company. They are working their way out of their hedges. His analyst prefers Gold Corp (G-T). | 2007-02-26 | |
| PAST TOP PICK | 36.550 | Ron Meisels | (A Top Pick Feb 21/06. Up 9.8%.) The surprising thing is that this has not done as well as its peers. It is still a stock that he would want to have. | 2007-02-14 | |
| DON'T BUY | 36.120 | David Baskin | Has not been a big moneymaker. Feels that gold stocks are for traders. | 2007-02-13 | |
| BUY | 33.960 | Brian Acker, CA | If he were picking a gold stock, this would be the one. Good-quality company. | 2007-01-17 | |
| HOLD | 34.560 | Norman Levine | A reasonable stock to own in the big cap gold sector. Has been trending up since the summer. Made some acquisitions that made them more of a copper stock than they used to be. | 2007-01-09 | |
| PAST TOP PICK | 34.360 | Bill Harris | (A Top Pick Jan 3/06. Up 4.2%.) Did a great job of selling out of their South African assets. Trying to position himself out of it. Prefers Goldcorp (G-T). | 2006-12-22 | |
| PAST TOP PICK | 34.710 | Bruce Campbell | (A Top Pick Feb 24/06. Up 8%.) Still likes. Has lagged the group. Now down to less than 10% in hedges. | 2006-12-21 | |
| BUY | 35.370 | David Cockfield | A little disappointment with recent production. Lots of mines globally. Working their way out of the hedging problems. | 2006-12-07 | |
| PAST TOP PICK | 34.420 | Bill Belovay | (A Top Pick June 26/06. Up 8.3%.) If you want to be in a serious gold mining company, this is the one. Fixing their hedging problems. | 2006-11-29 | |
| BUY | 33.240 | Rob Callander | Longer-term, there will be a stronger price for gold, but will continue to be volatile. Over the next few years, it will be a good area to invest in. Although juniors will give a great return, he prefers large caps which are safer. | 2006-11-23 | |
| HOLD | 33.210 | David Baskin | Precious metals don’t seem to respond to the fundamentals of supply and demand. That makes it very hard to forecast. This stock looks expensive to him. | 2006-11-21 | |
| Comment | 33.240 | Stephen Carlin | Lagged the others because of its hedge book as well as its size, which becomes more and more difficult to show year-over-year production growth. In light of its hedges has been encountering higher costs in operating their mines. | 2006-11-08 | |
| DON'T BUY | 33.240 | John Zechner | Likes the gold market and gold stocks which he feels will go higher, but you want to go with producers who will grow their production. This company’s production has really slowed down. | 2006-11-08 | |
| PAST TOP PICK | 34.030 | Bill Belovay | (A top Pick June 26/06. Up 9.1%.) The best gold-mining company there is. | 2006-10-24 | |
| PAST TOP PICK | 34.300 | Brian Acker, CA | (A Top Pick Aug 2/06. Down 5%.) His model price is $42.64, a positive 24% differential. | 2006-10-17 | |
| TOP PICK | 33.500 | Bill Harris | Likes the long-term outlook for gold. It was a very pure play pre the Placer acquisition. Sold the South African asset that was in Placer, which changes everything. | 2006-09-18 | |
| BUY | 35.540 | Peter Gibson | This is a good gold stock if you want something with lower risk. Has some pretty good fundamentals for the first time in years. | 2006-08-18 | |
| WAIT | 35.120 | Bill Carrigan | Thinks a large symmetrical triangle is being built in gold so gold will just move sideways. Volatility will shrink. Basically, the stock is in an uptrend. It could work a little bit higher but you’ll probably have to wait a bit. | 2006-08-11 | |
| TOP PICK | 36.210 | Brian Acker, CA | Has a model price of $37.27, which gives it a 5% positive differential. Seeing a huge increase in the model price with earnings revisions going upwards. | 2006-08-02 | |
| BUY | 34.520 | Michael Sprung | A good pick for a novice gold investor. One of the dominant gold producers in the world. Very well-run company. | 2006-07-28 | |
| BUY | 33.520 | Bill Carrigan | In a bear market, he likes stocks that people hate. This is one that is very much disliked. This company is in a gradual uptrend. It will be a beneficiary if gold stops going up. If you want to be in gold, this has the least amount of risk. | 2006-07-17 | |
| BUY | 34.270 | Robert Floyd | As the gold price started to increase, they had too much of a hedge position. Have unwound a good portion of it and this will be positive for them. Offers a lot of growth down the line. | 2006-07-14 | |
| PAST TOP PICK | 33.350 | Bruce Campbell | (A Top Pick Mar 6/06. Up 5.7%.) With the Placer acquisition, it has a lot of growth coming. Every quarter, they are more and more fixing the hedge book. Would buy on any pullback. | 2006-07-05 | |
| TOP PICK | 31.780 | Bill Belovay | Started de-hedging at the beginning of the year. The hedge book is looking much healthier. The world's largest gold producer. | 2006-06-26 | |
Experts that have talked about Barrick Gold
