Barrick Gold Corp (USA)

  • Mining for gold: When prices fall, nobody wins

    By federico ackman - August 27, 2013 | Tickers: AU, ABX, IAG


    Gold mining companies are currently operating in a hostile environment due to low gold prices and thus most firms are struggling to make ends meet. In order to hash out possible investments in this sector, the following essay will take a look at Barrick Gold Corporation (NYSE: ABX), Iamgold Corp (NYSE: IAG) and AngloGold Ashanti Limited (NYSE: AU).


    Barrick Gold´s troublesome future

    The Canadian based Barrick Gold is the more »

  • Should You Follow Billionaire John Paulson and Dump This Gold Miner?

    By Robert Baillieul - August 19, 2013 | Tickers: ABX, GDX, GLD

    Billionaire hedge fund manager John Paulson has soured on Barrick Gold (NYSE: ABX). According to his latest regulatory filings, Paulson sold his options to purchase 360,000 shares of Barrick in addition to trimming his stake in SPDR Gold Trust (NYSEMKT: GLD).

    But should investors rush for the exits as well? Probably not - there's a good turnaround taking shape at the troubled gold miner. 

    A turnaround is brewing

    Since more »

  • When Will Gold Bottom Out and Which Mines Will Rise

    By Adrian Campos - August 18, 2013 | Tickers: ABX, NGD, NEM

    It's been a tough year for Gold mines. Just take a look at the 52 weeks past performance of the following stocks: Newmont Corporation (NYSE: NEM), owner of one of the largest and most profitable mines in the world (partial owner of Yanacocha Peru, producing over $7 billion worth of gold to date); Barrick Gold (NYSE: ABX), the largest gold mining company in the world, and New Gold (NYSEMKT: NGDmore »)

  • This Mining Stock is in Hot Water

    By Marie Palumbo - August 14, 2013 | Tickers: ABX, GG, SLW, GLD

    Gold’s shimmer is losing its luster. And as gold grows more dull, Barrick Gold (NYSE: ABX) feels more and more pain. Barrick is running into considerable trouble as gold, its primary commodity, falls down from the stratosphere.

    In 2012, Barrick, which is the world’s largest gold miner, saw its market cap dip below that of much smaller mining company Goldcorp (NYSE: GG). At that time, Barrick’s market more »

  • There is a Bigger Problem Overshadowing Gold Miners

    By Rupert Hargreaves - August 14, 2013 | Tickers: ABX, GG, NEM

    Rising CAPEX, write-downs and falling profits are all factors that are now affecting gold miners, pushing stock prices and valuations to lows not seen since, well in some cases, ever!

    However, despite these well publicized factors, one of the bigger issues affecting the company's is the creeping price of gold production, which has been rising much faster than inflation and the price of gold over the past three years more »

  • Barrick Gold Looks to Optimize its Assets

    By Christopher DeSousa - August 13, 2013 | Tickers: ABX, KGC

    In September 2011, gold prices peaked around $1,800 per ounce. Mining companies saw their profits and share prices reach record highs. Since then, gold has significantly dropped in value because of a strengthened U.S economy. Investors have moved away from precious metals to equity markets that have yielded higher returns. For the past month, gold bullion has traded in the range of $1,270 to $1,345 per more »

  • Barrick Gold's Cost Cutting Improves Its Position

    By William Alder - August 12, 2013 | Tickers: AEM, ABX, GG, NEM

    Barrick Gold (NYSE: ABX) has been hammered in the last year or so. Production problems and falling gold prices are largely to blame. The company recently announced it took $8.6 billion in write downs and a quarterly loss of $8.56 billion. It also cut its dividend by 75%. Is the worst over for Barrick?

    Some good news from its recent earnings report is that the company has seen more »

  • The Worst Is Behind for this Gold Miner

    By Vladimir Zernov - August 9, 2013 | Tickers: ABX, FLR, SLW

    Barrick Gold (NYSE: ABX) has announced a massive impairment in its second quarter earnings report. This came as no surprise. The drop in gold prices has caused the company to write down $8.7 billion from its balance sheet. On the other hand, Barrick Gold reported adjusted earnings of $0.66 per share. The company made money from its operations in the quarter, despite the low gold price environment. Its more »

  • How Will This Asset Sale Affect the Industry?

    By Mike Thiessen - August 2, 2013 | Tickers: ABX, CNQ, NEM

    Over the past 12 months, the gold mining sector has seen a tremendous amount of turmoil. Collapsing gold prices have caused many marginal producers to slash their profit forecasts or predict outsized losses for the 2013 and 2014 fiscal years. Even nominally healthy firms have been forced to lay off staff or close unprofitable facilities. Expansion plans and exploration projects have been taken off the table en masse. Very few more »

  • Will This Gold Producer’s Rally Continue?

    By Lior Cohen - August 1, 2013 | Tickers: ABX, SLV, GLD

    Gold hasn’t performed well during the year: The price of gold has fallen by more than 20%. This tumble has also adversely affected gold companies such as Barrick Gold (NYSE: ABX). Shares of the company have plummeted more than 50% (year-to-date). But in the past month, the company’s stock has bounced back and rose nearly 10%. This rally coincided with the recovery of the gold market. Will this more »

  • Don't Be Scared of Write-Downs From These Gold Companies

    By Vladimir Zernov - July 29, 2013 | Tickers: ABX, GG, NEM

    The earnings season is at full speed, and big gold stocks have started reporting their financial results. Two of the biggest gold companies have already reported write-downs due to lower gold prices. Goldcorp (NYSE: GG) has written down $1.96 billion, while Newmont Mining (NYSE: NEM) has written down $1.8 billion. Both stocks have been under pressure this year due to lower gold prices. Goldcorp has lost 21% while more »

  • Gold: Beyond Best Intentions

    By Michael Ugulini - July 24, 2013 | Tickers: AU, ABX, ABX, NEM

    Remember, people will judge you by your actions, not your intentions. You may have a heart of gold -- but so does a hard-boiled egg.

    (Quote from Thinkexist.com)

    For gold mining companies, things can often be a little unsettling with the swings in the commodity’s price and the challenges of operating in diverse jurisdictions. Best intentions are sometimes pushed to the wayside as the realities of the mining business more »

  • 3 Undervalued Gold Miners Poised to Take Advantage of The Rebound In Gold

    By Matt Smith - July 24, 2013 | Tickers: ABX, EGO, AUY

    The sharp correction in the gold price since the start of 2013 has seen gold miners fall into disfavor with investors, with many of the major miners touching new 52 week lows. Already for the year to date, the Gold Bugs Index -- which measures the performance of the 30 largest gold miners -- has plunged 43%. As a result, there are a number of potential bargains now hidden in the gold more »

  • All That Glitters Is Not Gold (But Sometimes It Is)

    By Grigoris Vlassis - July 22, 2013 | Tickers: ABX, NEM, GLD

    Gold is possibly the most "love-it-or-hate-it" investment asset. It's supposed to be a great hedge against inflation, and it seems like the perfect asset for those who want to preserve their wealth. On the flip side, it is very difficult to estimate its fair value with a minimum degree of certainty.

    Over the past nine months, gold has been trapped in bear-market territory, mainly because of increased optimism for more »

  • Is There a Silver Lining For Another Gold Rush?

    By Nicholas Kitonyi - July 18, 2013 | Tickers: AU, ABX, GLD

    People have been trading gold for more than 200 years now. Gold is the one commodity that has remained attractive over the years with gradual gains. However, over the last few years, gold’s price rally reached new heights approaching the $2000 per ounce mark in August 2011. Nonetheless, this year has exhibited reverse characteristics, as gold plummeted to trade at around $1220 per ounce. Gold traded upwards of $1900 more »

  • Does the Price of Gold Make Goldcorp a Bargain?

    By Daniel Jennings - July 17, 2013 | Tickers: ABX, GG, NEM

    The price of gold has been in a free fall for the last year, which has made me think about gold producers. In particular, I’ve been wondering about Goldcorp (NYSE: GG), the Canadian miner that has long been a value investor’s favorite.

    Goldcorp is cheap, but is it a bargain? The answer on the surface appears to be yes. Despite the downward spiral gold prices have been on more »

  • Could it be Time to Dump Gold Miners in Favor of These Silver Producers?

    By Rupert Hargreaves - July 16, 2013 | Tickers: ABX, HL, NEM, PAAS

    Traditionally, gold is a safe haven asset, or it used to be. Currently, gold is anything but safe. Indeed, the SPDR Gold Trust has a beta of 0.19 indicating that the price of the fund and gold have a positive correlation to the general market. Additionally, the price of gold has hardly been steady in recent times as a combination of Federal Reserve comments and high frequency trading has more »

  • 3 Gleaming Gold Stocks to Consider Now

    By Bill Edson - July 12, 2013 | Tickers: AU, ABX, NEM

    There seems to be a lot of talk as to if gold is the 'right investment' or if it is just a trend.

    To be fair, most investments (and there are those that argue ALL) are based on market movements, consumer need, and are thus cyclical and follow a pattern or 'trend.' However, gold is attracting bargain hunters after a sharp pullback that has erased billions in value in bullion-backed more »

  • Not All Gold Miners Are Glittering

    By Madhukar Dubey - July 11, 2013 | Tickers: ABX, GG, NEM

    There are winners and losers in every gold rush; for every miner that turned up gold in California in the 19th century, hundreds got absolutely nothing. In 2013, the value of gold keeps climbing due to increased demand from emerging markets.

    According to the World Gold Council, global demand for gold was 4,361.8 tons last year, whereas mining companies produced around 2,817 tons in the same more »

  • Can Gold Miners Drop Even Further?

    By Sarfaraz Khan - July 9, 2013 | Tickers: ABX, GDX, NEM

    Gold miners in general, which are represented in the Market Vectors Gold Miners ETF (NYSEMKT: GDX), and the world’s biggest gold producer, Barrick Gold (NYSE: ABX), in particular are not looking so good following the drop in gold prices. While on one hand, the fall in the value of the precious metal has exposed the massive debt of these miners, on the other hand, Barrick Gold has to deal more »

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