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Barrick Gold Corporation (ABX) [hlAlert]

Rating:
Buy ABX
down 70.54 %

Barrick Gold Corporation (ABX) upgraded to Buy by UBS

Posted on: Wednesday,  Feb 4, 2009  8:25 AM ET by UBS

UBS rated Buy Barrick Gold Corporation (NYSE: ABX) on 02/04/2009, when the stock price was $36.77. Since
then, Barrick Gold Corporation has lost 70.55% as of 12/19/2014's recent price of $10.83.
If you would have followed this UBS's recommendation on ABX, you would have lost 70.54% of your investment in 2144 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.

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 12/31/2009
1 Week up  16.35 %
1 Month up  9.97 %
3 Months up  23.87 %
1 YTD up  27.68 %
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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