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Barrick Gold

Stock Symbol: ABX-T

Notes:gold

Last Price Recorded: 19.0700 on 2013-05-18 01:14:01

Globe 200 day average
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Date Signal Expert Opinion Price
2013-05-15 DON'T BUY Todd Johnson

Its price is back at the mid-90's level. Has been a huge disappointment. Thinks it's a high quality business.  They hold considerable debt. Might churn for a while. Thinks it might have a reasonable return going forward, but it all depends on the gold prices.

 Price:
$19.740
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY BULLISH
Owned:
Unknown
2013-05-10 DON'T BUY Bruce Campbell

It got too big.  They tried to fix it by buying copper.  Now we have cost overruns and big negative free cash flow.  It got oversold when it got to $18, but he would not own it.  Prefers G-T.  It will take a while for them to get it right.

 Price:
$21.110
Subject:
CANADIAN LARGE
Bias:
BULLISH
Owned:
Unknown
2013-05-09 DON'T BUY David Burrows

(Market Call Minute) Avoids golds.  If dollar gets stronger they will have a tough time.

 Price:
$21.060
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2013-05-07 DON'T BUY Rick Rule

Thinks it will go lower.  There are liability risks on the balance sheet.  Be concerned about political drama in Chili.  Large construction implementation challenges in front of them.  Flat gold prices.  A debt downgrade is of concern to him also.

 Price:
$19.800
Subject:
PRECIOUS METALS
Bias:
SELECTIVE
Owned:
No
2013-05-03 DON'T BUY Keith Richards

It is bouncing now because it is oversold.  The bigger picture is bearish.

 Price:
$20.150
Subject:
TECHNICAL ANALYSIS
Bias:
DEFENSIVE
Owned:
Unknown
2013-05-01 DON'T BUY Brooke Thackray

Had support at around $44 but broke through that. Then broke support at around $29 when a lot of other gold stocks broke support. Chart shows a typical descending triangle, which is bearish. This is not the seasonality for gold. Gold also broke down through that support pattern at around $1,550. Best time to be looking at gold stocks is July 12 to October 9.

 Price:
$19.350
Subject:
SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
Unknown
2013-04-30 DON'T BUY Lorne Steinberg

He owns no gold stocks. With the decline of the gold stocks recently, his company has done a study on gold companies. With the price of gold so high, why are these stocks doing so poorly? Cost of production has probably doubled in the last 4-5 years, not for temporary reasons, but for long-term reasons.

 Price:
$19.860
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
BULLISH on FOREIGN
Owned:
No
2013-04-29 DON'T BUY John Wilson

(Has a small Short position on this.) Over the long-term, central banks are going to continue doing what they have been doing and that has historically been very inflationary for asset prices. Precious metals should be one of the largest beneficiaries of this. Problem with the company is related to some of the decisions they have made in the past and the overhang that this has created for them. Their actual financial fundamentals are not incredibly strong at the moment. There are better companies in which to play gold.

 Price:
$19.500
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2013-04-26 TOP PICK Michael Sprung

Trading like it is a broken company. People are focusing on Pascua-Lama right now where production has been held up. Even if you took this asset out entirely, the NAV of this company would still be in excess of $25. This is an opportunity to buy a stock that is trading at somewhat ridiculous multiples. Yield of 4.22%.

 Price:
$18.810
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2013-04-26 DON'T BUY Jaime Carrasco

He wants to be in the ones that are going to move because they can increase production and have the leverage. He would rather be in the ones that are definitely going to outperform. Feels management has made some bad decisions.

 Price:
$18.810
Subject:
ENERGY, MATERIALS, UTILITIES & REITS
Bias:
BULLISH on GOLD
Owned:
No
2013-04-25 DON'T BUY Paul Harris, CFA

He prefers mid-cap gold stocks with a better growth profile.  ABX have lots of issues.  They need some capital discipline.  He would stay away from it.  This is not the time to buy gold – wait for mid- to late- summer.  Prefers YRI-T.

 Price:
$19.460
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
SELECTIVE
Owned:
No
2013-04-23 COMMENT Nick Majendie

On a 20 year low and is due for a bounce sometime soon and it might get it into the low $20’s so if you own, he would sell at that time. You need to see some fundamental improvements, particularly in terms of Pascua-Lama, which is on hold currently. There will be some balance sheet concerns until all of that is clarified.

 Price:
$18.010
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2013-04-22 DON'T BUY Larry Berman CFA, CMT, CTA

It’s a tough call whether to stay in or not.  They have a lot of debt.  Not the best stock in the sector.  He prefers G-T.

 Price:
$18.490
Subject:
N/A
Bias:
UNKNOWN
Owned:
Unknown
2013-04-22 DON'T BUY John Stephenson

This has been a disaster. Chilean project is going to cost them $75 million a month just to keep staff on while the environmental issues are flushed through with the water run off. Dead money. Gold prices are probably going to flat line.

 Price:
$18.490
Subject:
RESOURCE
Bias:
CAUTIOUS
Owned:
No
2013-04-19 DON'T BUY David Cockfield

Lost all patience with this stock and sold his holdings. Very unhappy with the Chilean situation. Very political. 4.5% yield.

 Price:
$18.650
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
No
Showing 1 to 15 of 642 entries
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