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Barrick Gold Stock Symbol: ABX-T

Notes:gold

Last Price Recorded: $12.5900 on 2014-12-22

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Date Signal Expert Opinion Price
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
2014-10-15 DON'T BUY Barry Schwartz

Very hard to value. He had bought it at the height of the 2008 recession figuring that he would find some protection in gold. Exited his position and he wouldn’t touch any gold company.


Price:
$15.240
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2014-10-09 DON'T BUY David Burrows

There are concerns for real economic growth in Europe.  Japan may do some more quantitative easing.  Central banks are giving us a very clear message that QE will have to continue in Europe.  Cost efficiencies with ABX-T will not make a significant difference in this environment.


Price:
$15.590
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Unknown
2014-10-07 DON'T BUY Christine Poole

To own this, it has to be based on your view of gold, which is at around $1200. They may have topped off down here, but she doesn’t see a lot of upside in gold over the next year. There is no rush to buy gold stocks. She prefers Goldcorp (G-T) which has a much clearer production growth profile in low risk political regions than this one.


Price:
$15.240
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2014-09-03 DON'T BUY Philippe Capelle

They will be able to turn around, but the question is how long does it take. Have made a lot of changes in upper management. Have also disposed of a number of mines, but thinks there are more sales to go. Also, have a very high level of debt. (See Top Picks.)


Price:
$19.330
Subject:
CANADIAN LARGE (RESOURCE)
Bias:
BULLISH on ENERGY
Owned:
Unknown
2014-08-20 DON'T BUY Veronika Hirsch

Gold has come back from last year’s death. She still thinks it is probably bottoming here and you are not going to see a huge amount of movement. There has been so much geopolitical turmoil and yet gold hasn’t really responded much. This company is not her favourite. It is large and has been restructuring and will probably spend another year restructuring. If you need to own gold, she would go into something smaller.


Price:
$20.540
Subject:
CANADIAN & ALTERNATIVE
Bias:
OPTIMISTIC
Owned:
No
2014-08-11 WAIT Larry Berman CFA, CMT, CTA

Goldman put it on their conviction buy list.  RBC says it is at a turning point.  It is going to be driven by what gold does.  It may be one of the better gold stocks to own, but buy it when it makes sense to buy it, otherwise just trade it.


Price:
$20.450
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2014-07-22 DON'T BUY Colin Stewart

He doesn’t have exposure to the precious metal space. The issue with the whole sector is that if you wanted to participate in the upside in gold prices, historically you would’ve been much better just to buy the gold itself. These companies had huge cost overruns and poor success with acquisitions. CapX has also been a challenge for them.


Price:
$20.210
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
SELECTIVE
Owned:
No
2014-07-04 COMMENT Lyle Stein

Barrick (ABX-T) or Goldcorp (G-T)? Gold is around $1200-$1300 an ounce, about equal to the cost to profitably bring on a new mine today. If gold goes any lower, you’ll see capacity fall off, which ultimately will turn the gold price around. The issue is which company can do better in a rising gold market. This company has been languishing because it has a balance sheet that isn’t very good, particularly compared to Goldcorp’s. It had to raise equity to fix the balance sheet whereas Goldcorp didn’t, except where they have to make acquisitions.


Price:
$19.290
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2014-05-27 COMMENT Keith Richards

It’s interesting that sometimes the gold producers don’t necessarily act in conjunction with gold. Chart shows a down trend from March. It could find support at around $16.50 or so. There may be a good trade from the end of June/early July into October.


Price:
$17.300
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
No
2014-05-09 WATCH Don Vialoux

It is trying to form a base, but recently has been under some pressure.  You want to see signs of positive technicals before buying.


Price:
$18.790
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
Unknown
2014-05-08 PAST TOP PICK Michael Sprung

(A Top Pick April 26/13. Up 0.58%.) A year ago, they said they were going to concentrate on capital discipline, changing of the old guard, etc. and then, close to their annual meeting, they were talking about merging with Newmont (NEM-T) to get $1 billion worth of synergies. He wants them to concentrate on efficiencies, capital discipline and spending money on their good projects that have shorter-term profitability. The stock should go up again. A good earnings and cash flow producer and right now it is undervalued.


Price:
$18.580
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-04-30 DON'T BUY Nick Majendie

Trading at 1.5X BV and trading at a very low price to cash flow multiple of about 5. Three or four years ago it was trading at 20 times. Has clearly had its problems. Cost capital expenditures have been put on ice. More recently they were discussing a merger with Newmont Mining (NEM-N). This would not be his choice right now. Would prefer Goldcorp (G-T).


Price:
$19.130
Subject:
CANADIAN LARGE
Bias:
BULLISH
Owned:
Unknown
2014-04-28 WEAK BUY Larry Berman CFA, CMT, CTA

Stock vs. Stock: ABX or SLW.  Silver and gold will just trade in a range for the next couple of years.


Price:
$19.120
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 702 entries
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