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Barrick is the world’s largest pure gold mining company with more than two dozen operating mines around the world.
S&P 5 star stock, 11.87
ABX just released its Q3 financial results and I have to confess I'm positively surprised by the numbers....
Depends on Economy and if People keep supporting the Businesses . As long as abx is Ran well it will be a good buy , when it is down and when the Market Goes south ; Then the Rich will buy into Precious Metals as a Safe Haven ; Ton Foe !
Most everyone else has given up on them. Buy low, sell high.
Based on rec by Kirk Spano.
In recent months they have shut down some operations to conserve revenue. When the US Markets begin to experience a downturn, ABX will become a haven of capital preservation. It also appears the accumulation period is ending.
Time to hedge with some gold stocks
The price of gold is being driven down by Goldman Sachs and the wolves of wall street, the media is scaring investors into selling. Something stinks, the metal is being manipulated. Sounds like a buying opportunity!!
This is a turnaround stock. The old CEO is out and the heedless expansion is over.
Down 5% today because they're trying to save some cash.... Sounds like a buy to me!
Well positioned for a rebound in gold.
one of the more profitable gold miners at lower costs....and will make more on the way back up than its competition as well...Long IAG also
Down so low it looks like up to me... Profitable even if gold drops to $800
Gold is headed to over $1500, which would push ABX to a price of over $24/share!!! Then when it hits $2000 within the next year, ABX will be at $48/share!
Inflation will eventually pick up
At these levels, we are down near the market crash in early 2009. Suffice to say, oversold... That said, there may be some pullback left in this one as people seem very nervous about gold lately, and the pullback of the whole gold sector is on hyper alert. Still, this is when there are values to be had - when everyone is selling. As soon as things turn around, you will have lost the "ideal" purchase price. I wouldn't pay more than ~19 and would definitely double down if we approach 18 (seems unlikely), however would hold up to high 40s or low 50s before I sold this - great dividend play as well.
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