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Barrick Gold Corporation (ABX) [hlAlert]

Rating:
Underweight
ABX
up 507.60 %

Barrick Gold Corporation (ABX) rated Underweight with price target $46 by Barclays Capital

Posted on: Thursday,  Feb 24, 2011  12:25 PM ET by Barclays Capital

Barclays Capital rated Underweight Barrick Gold Corporation (NYSE: ABX) on 02/24/2011. Previously Barclays Capital rated Underweight Barrick Gold Corporation (NYSE: ABX) on
08/03/2010., when the stock price was $41.56. Since then, Barrick Gold Corporation has lost 83.54% as of 09/18/2015's recent price of $6.84.
If you would have followed the previous Barclays Capital's recommendation on ABX, you would have gained 507.6% of your investment in 1872 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.

Barclays Capital has assembled a world-class, award-winning team of analysts covering, credit, commodities, economics, emerging markets, equities, fixed income, foreign exchange and market strategy. We provide in-depth analysis of companies and macro coverage across asset classes, markets and the world’s economies. We have a highly quantitative approach and our research is underpinned by sophisticated analytics. Combined, these provide clients with the tools and insights necessary for successful risk management and financing. Our research teams are based in many of the world’s major financial centres providing our clients with a globally integrated perspective across products and geographies.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/24/2011 12:25 PM Sell
None
51.67 46.00
as of 12/30/2011
1 Week up  1.67 %
1 Month up  14.42 %
3 Months up  3.00 %
1 YTD up  14.91 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/7/2011 12:25 PM Sell
None
49.43 44.00
8/3/2010 2:25 PM Sell
None
41.56 32.00

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