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Barrick Gold Corporation (ABX) [hlAlert]

Rating:
Buy ABX
down 80.48 %

Barrick Gold Corporation (ABX) rated Buy with price target $55 by Davenport

Posted on: Friday,  Oct 29, 2010  8:25 AM ET by Davenport

Davenport rated Buy Barrick Gold Corporation (NYSE: ABX) on 10/29/2010. Previously Davenport rated Buy Barrick Gold Corporation (NYSE: ABX) on 06/10/2009.,
when the stock price was $35.05. Since then, Barrick Gold Corporation has lost 80.49% as of 09/18/2015's recent price of $6.84.
If you would have followed the previous Davenport's recommendation on ABX, you would have lost 80.48% of your investment in 2291 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.

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/29/2010 8:25 AM Buy
None
47.68 55.00
as of 12/31/2010
1 Week down  -9.06 %
1 Month down  -9.09 %
3 Months up  1.42 %
1 YTD up  19.22 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/10/2009 12:25 PM Buy
None
35.05

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