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Barrick Gold Corporation (ABX) [hlAlert]

Neutral ABX

Barrick Gold Corporation (ABX) downgraded to Neutral by UBS

Posted on: Monday,  Dec 22, 2008  8:25 AM ET by UBS

UBS rated Neutral Barrick Gold Corporation (NYSE: ABX) on 12/22/2008. Previously UBS rated Buy Barrick Gold
Corporation (NYSE: ABX) on 03/27/2008., when the stock price was $45.22. Since then, Barrick Gold Corporation has lost 24.21% of its value until UBS rated ABX Buy on 12/22/2008, when the price was $34.27. .

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
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
12/22/2008 8:25 AM Hold
3/27/2008 8:25 AM Buy
2/22/2008 8:25 AM Hold
50.30 56.00

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