Barrick Gold Corporation (ABX) upgraded to Buy 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 49.47% as of 05/17/2013's recent price of $18.58. If you would have followed this UBS's recommendation on ABX, you would have lost 49.46% of your investment in 1563 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.
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