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Barrick Gold Corporation (ABX) [hlAlert]

Rating:
Buy ABX
down 76.67 %

Barrick Gold Corporation (ABX) rated Buy by Citigroup

Posted on: Wednesday,  Apr 8, 2009  8:25 AM ET by Citigroup

Citigroup rated Buy Barrick Gold Corporation (NYSE: ABX) on 04/08/2009, when the stock price was $29.32. Since
then, Barrick Gold Corporation has lost 76.67% as of 09/18/2015's recent price of $6.84.
If you would have followed this Citigroup's recommendation on ABX, you would have lost 76.67% of your investment in 2354 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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/8/2009 8:25 AM Buy
None
29.32
as of 12/31/2009
1 Week up  16.35 %
1 Month up  9.97 %
3 Months up  23.87 %
1 YTD up  60.12 %

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