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Barrick Gold Corporation (ABX) [hlAlert]

down 86.99 %

Barrons Top 10 Stocks for 2011 - Barrick Gold

Posted on: Thursday,  Jan 3, 2013  1:14 AM ET by Barron's favorite stocks for 2011

Barron's favorite stocks for 2011 rated Buy Barrick Gold Corporation (NYSE: ABX) on 01/03/2011, when the stock price was $52.59.
Since then, Barrick Gold Corporation has lost 86.99% as of 09/18/2015's recent price of $6.84.
If you would have followed this Barron's favorite stocks for 2011's recommendation on ABX, you would have lost 86.99% of your investment in 1719 days.

Barrick Gold Corporation (Barrick) is engaged the production and sale of gold, as well as related activities, such as exploration and mine development. Barrick also produces copper and holds interests in a platinum group metals development project and a nickel development project, both located in Africa, and a platinum group metals project located in Russia. Barrick has four regional business units (RBUs): North America, South America, Australia Pacific and Africa. On March 5, 2008, Barrick completed the acquisition of additional 40% interest in the Cortez property. During the year ended December 31, 2008, the Company acquired Cadence Energy Inc.

The U.S. stock market has logged its second straight year of gains following the crushing losses stocks suffered in 2008. The Standard & Poor's 500 stock index entered the final session of 2010 with a yearly gain of 13% and a total return of 15%, while small- and midcapitalization indexes rose about 26% for the year. Wall Street strategists generally are bullish about the market's prospects in 2011, with the 10 surveyed last month by Barron's expecting stocks to rise an average of 10%. Bulls predominate among investment managers, as well. If the stars aren't aligned for another winning year, the fundamentals, from an improving global economy to low interest rates, strong corporate balance sheets and inexpensive equity valuations, surely are. The S&P 500, at about 1260, is valued at 13 times projected 2011 profits—hardly excessive given historical valuations, low Treasury yields and short-term interest rates near zero. Given this constructive backdrop, which stocks might reward investors best in 2011? Barron's has identified 10 big-caps worth buying now, including ExxonMobil, Wal-Mart Stores, Pfizer, JPMorgan Chase, General Motors and Cisco Systems . Most of our picks have been the subject of bullish articles in the publication in the past year, and many trailed the market averages in 2010. Our preference for the market's giants reflects our view that they finally will best smaller stocks after lagging for much of the past decade. Noted money managers such as Bill Miller of Legg Mason and Jeremy Grantham of GMO also are bullish on big stocks. The price/earnings ratios of many big stocks are relatively low, and many of these companies are using their ample profits to boost dividends and repurchase shares. If stocks surprise the bulls and have a bad year, these 10 ought to perform better than the averages. Most trade for price/earnings multiples on par with the broader market's, or lower. Our list includes a diversified group of companies, many paying ample dividends, in key industry sectors. All could rise 20% or more in 2011. Here's a closer look at the 10.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/3/2011 4:00 PM Buy
1 year
as of 8/27/2015
1 Week down  -16.99 %
1 Month down  -38.70 %
3 Months down  -48.10 %
1 YTD down  -61.20 %

(*) Stock Price at the time of the recommendation.
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