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Barrick Gold Corporation (ABX) [hlAlert]

Rating:
Buy ABX
down 86.73 %

Barrick Gold Corporation (ABX) rated Buy with price target $70 by Stifel Nicolaus

Posted on: Thursday,  Apr 28, 2011  8:25 AM ET by Stifel Nicolaus

Stifel Nicolaus rated Buy Barrick Gold Corporation (NYSE: ABX) on 04/28/2011, when the stock price was $51.58. Since
then, Barrick Gold Corporation has lost 86.74% as of 09/18/2015's recent price of $6.84.
If you would have followed this Stifel Nicolaus's recommendation on ABX, you would have lost 86.73% of your investment in 1604 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.

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/28/2011 8:25 AM Buy
None
51.58 70.00
as of 12/30/2011
1 Week down  -1.67 %
1 Month down  -14.42 %
3 Months down  -3.00 %
1 YTD down  -12.27 %

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