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Barrick Gold Corporation (ABX) [hlAlert]

Rating:
Buy ABX
down 78.61 %

Barrick Gold Corporation (ABX) upgraded to Buy by Canaccord Adams

Posted on: Thursday,  Jan 15, 2009  9:25 AM ET by Canaccord Adams

Canaccord Adams rated Buy Barrick Gold Corporation (NYSE: ABX) on 01/15/2009, when the stock price was $31.98. Since
then, Barrick Gold Corporation has lost 78.61% as of 09/18/2015's recent price of $6.84.
If you would have followed this Canaccord Adams's recommendation on ABX, you would have lost 78.61% of your investment in 2437 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.

Canaccord Adams provides focused, actionable, idea-driven research, helping clients make informed investment decisions. Our 55 international analysts scour the globe for emerging and small to mid cap (US$1-2 billion market capitalization) growth opportunities, identifying value and exposing risk. Our research team analyzes over 550 companies in eight sectors, clarifying current events and anticipating market trends in high-quality daily, weekly and monthly research products. Our clients benefit from our thorough and sophisticated knowledge of the sectors we cover - Metals and Mining, Energy, Technology, Life Sciences, Real Estate, Consumer, Sustainability and Industrial Growth. We combine independent, actionable ideas, unique global perspective and unparalleled industry expertise. We believe it's evident in our research, and the foundation of our business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/15/2009 9:25 AM Buy
None
31.98
as of 12/31/2009
1 Week up  16.35 %
1 Month up  9.97 %
3 Months up  23.87 %
1 YTD up  46.81 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/7/2008 11:25 AM Hold
None
39.06 50.00

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