Viewing Company Barrick Gold | StockChase
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Compiling comments that experts make about stocks while on public TV.

Barrick Gold Stock Symbol: ABX-T

Notes:gold

Last Price Recorded: $26.2100 on 2016-07-25

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Date Signal Expert Opinion Price
2016-07-25 HOLD Ryan Bushell

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.


Price:
$26.210
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
UNKNOWN
Owned:
No
2016-07-06 PARTIAL SELL John O'Connell, CFA

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.


Price:
$30.030
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2016-06-27 COMMENT Larry Berman CFA, CMT, CTA

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. 


Price:
$27.600
Subject:
NORTH AMERICAN & ETFs
Bias:
CAUTIOUS
Owned:
No
2016-06-27 HOLD Peter Brieger

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.


Price:
$27.600
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-06-21 COMMENT Mohsin Bashir

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.


Price:
$24.540
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-06-15 COMMENT Bruce Campbell (1)

(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).


Price:
$26.520
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-06-14 COMMENT Christine Poole

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.


Price:
$25.420
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-06-08 COMMENT Colin Stewart

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.


Price:
$24.400
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
UNKNOWN
Owned:
No
2016-06-03 COMMENT Jon Vialoux

We are approaching the period of seasonal strength for gold and gold miners. From July all the way through to October, stocks like this tend to do quite well. Technically you are probably not going to see much downside. It gapped higher today. There was a plunge in the US$ which is favourable for gold. There is support at the 20 and 50 day moving averages. The trend is still positive. If you can buy this closer to the 50 day moving average, that would be ideal.


Price:
$24.810
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2016-05-16 DON'T BUY John Zechner

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. 


Price:
$24.410
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on ENERGY
Owned:
Unknown
2016-05-09 BUY William Chin

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


Price:
$22.520
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2016-04-01 COMMENT Allan Meyer

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.


Price:
$17.780
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
No
2016-03-31 DON'T BUY Lyle Stein

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.


Price:
$17.640
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2016-03-24 BUY Bill Carrigan

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).


Price:
$17.960
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2016-02-22 HOLD Peter Brieger

$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.


Price:
$17.550
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
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