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Barrick Gold Stock Symbol: ABX-T

Notes:gold

Last Price Recorded: $9.2500 on 2015-08-04

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Date Signal Expert Opinion Price
2015-07-29 DON'T BUY Michael Sprung

This is a bit more speculative than it is an investment; it has a very high risk/reward return profile. If the price of gold starts to go up at all, this will certainly prosper from some operating leverage. Right now they are in the position of having a lot of debt and having to dispose of some assets. There are more secure companies to hold in gold than this one.


Price:
$9.380
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-22 COMMENT Allan Meyer

He is not a fan of gold. It doesn’t pay a dividend and is more of an emotional item. Supposedly the breakdown in gold is because the Chinese are not buying as much. Also, this company has a lot of debt and are trying to sell off assets.


Price:
$9.590
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2015-05-25 DON'T BUY John Zechner

He likes the gold sector in general as he thinks the US$ eventually comes off. However, he would not put this company anywhere near the top of his list. They are still paying for their overexpansion of the past decade or so. Having to sell production right now and get the debt down is going to hamper their growth going forward. He would rather buy midsize Canadian producers that are showing production growth, have a clean balance sheet and might get taken out. This company’s balance sheet is still a mess; their production profile is not that good and they still have to sell assets.


Price:
$15.120
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-05-22 COMMENT Bill Carrigan

Chart shows this has been building a base since 2013. The gold sector, for the 1st time in a while, is starting to look interesting. If you are going to buy into the sector, you are probably better off to just buy the basket through an ETF.


Price:
$15.110
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2015-04-02 DON'T BUY Bill Carrigan

It is trying to hold the price.  It has underperformed the index and especially gold.  It is a laggard.  Avoid it.


Price:
$14.930
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
Unknown
2015-03-10 DON'T BUY John O'Connell, CFA

He doesn’t own any gold stocks. When there are big down days like this, and people are looking for liquidity, everything goes down. Gold is a very difficult product to value, because its marginal costs shift around a lot. This company’s balance sheet is in pretty bad shape.


Price:
$13.590
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-03-04 DON'T BUY Bill Harris, CFA

People keep asking how gold can be up and this company is just a disaster. The enterprise value was $15 billion and is now $30 billion. However, debt has gone from no debt to $10-$12 billion. In effect the debt owns the gold and you don’t.


Price:
$15.090
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Unknown
2015-03-03 COMMENT Dennis Da Silva

One of his concerns is that there is a lack of growth. Even in a poor market like this, there are still opportunities for companies adding production and cash flow and earnings-per-share. They are in the process of shrinking a bit, looking at asset sales and trying to fix the balance sheet. He prefers Agnico-Eagle (AEM-T) and Goldcorp (G-T).


Price:
$15.610
Subject:
CANADIAN RESOURCE
Bias:
OPTIMISTIC on ENERGY
Owned:
No
2015-03-02 WEAK BUY Rick Rule

Stock vs. Stock.  G-T vs. ABX-T.  G-T is better run than ABX.  ABX-T will have more leverage if you see an immediate increase in gold price, however. 


Price:
$16.010
Subject:
PRECIOUS METALS
Bias:
BULLISH on PRECIOUS METALS
Owned:
No
2015-02-13 DON'T BUY Brendan Caldwell

One of the largest gold producers globally. It has not been a particular favourite. If you believe in gold generally, the big gold producers should do very, very well. As an alternative to this company, he would suggest Yamana Gold (YRI-T) which has an interest in the old Osisko property in Québec, one of the best in the world right now.


Price:
$15.120
Subject:
CANADIAN VALUE
Bias:
BULLISH
Owned:
Unknown
2015-02-02 DON'T BUY John Zechner

Caller is a big short seller.  ABX-T have not done well.  If he was going to be short on this one he would offset it with DGC-T or G-T.


Price:
$16.210
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-01-15 DON'T BUY Michael Bowman

Gold stocks are moving ‘today’.  ABX-T has some problems with their mines.  Zambian royalties have increased and so they are mothballing the mine.  They kept costs down.  But he would be looking at bullion or possibly FNV-T or SSL-T.  The increase today won’t last in gold.


Price:
$13.620
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
Bullish on Canadian Equities
Owned:
Unknown
2015-01-05 TOP PICK Ross Healy

Of all of the gold stocks that he follows, this one has the most upside potential. Stock is very cheap. Trading at a slight discount to its BV, and historically that has been a pretty good time to buy it. Right now it has its issues with Pascua Lama, but they have a nice spread of mines and it is earning money, which many gold companies are not. This is a good time to buy. Dividend yield of 1.75%.


Price:
$12.810
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Yes
2014-12-19 COMMENT John Zechner

It is incredible how this keeps going down. You keep thinking there is a bottom on this and it just keeps going down and down. Has been disappointing this last few years. He doesn’t think you want to be without gold in your portfolio, given where the US$ is and given the amount of monetary stimulation on a global basis. This is probably not a bad anchor name. He prefers others.


Price:
$12.590
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2014-11-14 COMMENT Jaime Carrasco

This is one that he does not follow, but his company has a target of $17. His issue with the company is that it is big and they are having to shut down at the same time that the price of gold has been down, since the cost of production is so much higher. His strategy is to own companies that can produce at the lowest cost of production. (See Top Picks.)


Price:
$13.830
Subject:
RESOURCE, UTILITY & REITs
Bias:
UNKNOWN
Owned:
No
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