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Barrick Gold Corporation (ABX) [hlAlert]

Rating:
Neutral ABX

Barrick Gold Corporation (ABX) downgraded to Neutral with price target $56 by UBS

Posted on: Friday,  Feb 22, 2008  8:25 AM ET by UBS

Barrick Gold (ABX) rated
Neutral with price target $56 by UBS.

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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/2/2013 2:25 PM Buy
None
16.84 17.50
as of 12/24/2008
1 Week up  15.54 %
1 Month down  -2.05 %
3 Months down  -22.35 %
1 YTD down  -43.51 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/4/2009 8:25 AM Buy
None
36.77
12/22/2008 8:25 AM Hold
None
34.27
3/27/2008 8:25 AM Buy
None
45.22
2/22/2008 8:25 AM Hold
None
50.30 56.00

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