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Barrick Gold Corporation (ABX) [hlAlert]

Rating:
Underweight
ABX
down 0.79 %

Barrick Gold Corporation (ABX) downgraded to Underweight by HSBC Securities

Posted on: Wednesday,  Jan 22, 2014  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Barrick Gold Corporation (NYSE: ABX) on 01/22/2014. Previously HSBC Securities rated Overweight Barrick Gold Corporation (NYSE: ABX) on
04/29/2013., when the stock price was $18.95. Since then, Barrick Gold Corporation has lost 0.79% as of 01/22/2014's recent price of $18.80.
If you would have followed the previous HSBC Securities's recommendation on ABX, you would have lost 0.79% of your investment in 268 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.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/22/2014 8:25 AM Sell
None
18.80
as of 10/17/2014
1 Week up  0.51 %
1 Month up  17.47 %
3 Months up  30.08 %
1 YTD up  35.30 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/29/2013 8:25 AM Buy
None
18.95 29.00
9/16/2011 8:25 AM Buy
None
53.11 97.00
11/23/2010 8:25 AM Buy
None
50.42 64.00
1/26/2009 9:25 AM Hold
None
40.32
3/28/2008 8:25 AM Buy
None
44.31
10/30/2007 9:25 AM Hold
None
43.11 43.00
10/9/2007 9:25 AM Hold
None
41.90 41.00
8/6/2007 9:25 AM Hold
None
33.00 35.00

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