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Barrick Gold Corporation (ABX) [hlAlert]

down 9.00 %

Barrick Gold Corporation (ABX) upgraded to Overweight by HSBC Securities

Posted on: Friday,  Mar 28, 2008  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Barrick Gold Corporation (NYSE: ABX) on 03/28/2008, when the stock price was $44.31. Since then, Barrick Gold
Corporation has lost 9.00% of its value until HSBC Securities rated ABX Neutral on 01/26/2009, when the price was $40.32.
If you would have followed this HSBC Securities's recommendation on ABX, you would have lost 9% of your investment in 304 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
as of 12/24/2008
1 Week up  22.84 %
1 Month up  2.15 %
3 Months down  -21.75 %
1 YTD down  -44.78 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/29/2013 8:25 AM Buy
18.95 29.00
9/16/2011 8:25 AM Buy
53.11 97.00
11/23/2010 8:25 AM Buy
50.42 64.00
1/26/2009 9:25 AM Hold
3/28/2008 8:25 AM Buy
10/30/2007 9:25 AM Hold
43.11 43.00
10/9/2007 9:25 AM Hold
41.90 41.00
8/6/2007 9:25 AM Hold
33.00 35.00

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