Barrick Gold Corp (USA)

  • Is Now Really the Time to Be a Contrarian?

    By Joshua Bondy - July 8, 2013 | Tickers: ABX, NEM, AUY

    Every investor strives to be a contrarian; the individual who can see the wisdom and the folly of the crowd for what it is. The contrarian message usually gets watered down to the idea of simply doing the opposite of what everyone is doing. The gold market is one place where it is extremely dangerous to blindly follow a watered-down contrarian message. Just because gold prices and the stock prices more »

  • Once in a Lifetime Opportunity to Buy Barrick Gold!

    By John Dowdee - July 5, 2013 | Tickers: ABX, GG, NEM

    Baron Rothschild, who made a fortune after Napoleon was defeated at Waterloo, is credited with the saying: “The time to buy is when there is blood in the streets.” In more recent times, Warren Buffett expressed a similar sentiment when he opined: “Be greedy when others are fearful.” These snippets of market wisdom have never been truer than now when you consider the total collapse of gold mining stocks. In more »

  • Second Half Playbook: Which Market Laggard Can Become a Leader?

    By John Macris - July 5, 2013 | Tickers: AAPL, ABX, GLD

    The first half of the trading year is over. For all of my readers, I hope it was a successful venture in the markets and your outside lives.

    Given the numerous concerns heading into 2013, few investors expected to have a breakout performance in equities. We entered the year with concerns such as the looming fiscal cliff, payroll tax hike, and lukewarm corporate earnings forecast. President Obama won his re-election more »

  • These 5 Gold Majors Down a Shocking 60%+

    By Peter Epstein - July 3, 2013 | Tickers: AU, ABX, EGO, NCMGY.PK, GLD

    Gold, as measured by the SPDR Gold Shares ETF (NYSEMKT: GLD) is down a remarkable 30% from its 52-week high. However, that performance pales in comparison to the dismal showing of Barrick Gold (NYSE: ABX), Newcrest Mining (NASDAQOTH: NCMGY.PK), Eldorado Gold, (NYSE: EGO), Compa, "BVN," and AngloGold Ashanti (NYSE: AU), each down at least 60%!

    Beware the Elevated Dividend Yields

    Unlike GLD, four of these five majors pay stock dividends more »

  • Now Is the Time to Look at This Gold Giant

    By Vladimir Zernov - July 2, 2013 | Tickers: ABX, GG, NEM

    This year is a nightmare for gold investors. The precious metal has already lost 25% since January. The situation in the mining stocks is even worse. Companies like Barrick Gold (NYSE: ABX), Newmont Mining (NYSE: NEM), and Goldcorp (NYSE: GG) are down 56%, 34%, and 32%, respectively. The prices are starting to look attractive. However, the falling gold price poses serious threats to the profitability of gold miners. Is it more »

  • 5 Stocks Sell-Side Analysts Believe Will Turn Around

    By Meena Krishnamsetty - July 2, 2013 | Tickers: APOL, ABX, CLF, RAM, TCK

    Even with the market as a whole doing well over the last year, a number of stocks have seen significant declines in their stock prices. While this is at least in part due to poor company performance, it’s also possible for the markets to get carried away. While there are a number of ways to measure value (or potential value), one technique is to look at the forward price-to-earnings more »

  • Gold Production Costs Skyrocket, Buy These Low-Cost Players

    By Peter Epstein - July 1, 2013 | Tickers: ABX, CDE, NEM

    It's well known that the gold majors are suffering from elevated all-in costs after years of reckless expansion into high risk countries and exploration overkill. Over the past six months, silver, gold, copper and platinum prices are down 34%, 24%, 11% and 10% respectively. Over the same period, oil prices are up 10%. Mining cost inflation is as big a problem as weak demand and resource nationalism. 

    Typically When more »

  • Is it Wise to Invest in the Business of Bling?

    By Ryan Palmer - July 1, 2013 | Tickers: ABX, DDC, IAG

    I've never been much of a fan of investing in precious metals and stones. Such things derive most of their value from the price that the rich are willing to pay for them. I would much rather own companies that provide valuable services that genuinely improve the quality of human life. Enterprises like Waste Management and Procter and Gamble make my life immeasurably better, and I like owning businesses more »

  • More Trouble is about to Hit Gold Miners

    By Rupert Hargreaves - July 1, 2013 | Tickers: ABX, NCMGY.PK, NEM

    Barrick Gold (NYSE: ABX), the world's largest gold miner by output, has delayed the opening of its newest mine as the price of gold continues to fall and the future looks uncertain. The company has delayed the mine's construction for at least 18 months, when it hopes that the volatile price of gold will have stabilized, and the outlook for the precious metal will be clearer. 

    The Pascua-Lama more »

  • Gold Miners: Still a Good Short

    By Jake Pompeo - June 28, 2013 | Tickers: ABX, FCX, NEM

    If you have been following markets recently, you have undoubtedly seen the rout in gold prices with the yellow metal falling faster and farther than any other time in the last 30 years. Fears that gold is no longer a safe haven have fueled this decline, especially amid governments offloading portions of their gold reserves. This is particularly bad news for cautious investors who maintain the "5%-10% rule" so more »

  • Scary Days Down the Gold Mine

    By John McKenna - June 28, 2013 | Tickers: AU, ABX, GG

    Two years ago, before I became a Fool blogger, I was a blogger for a libertarian movie company called Silver Circle. My job then was to write articles and share stories regarding the Federal Reserve and how it was damaging the dollar. To emphasize these points, I would typically point to the sky-high price of gold and how its strength reflected the growing weakness in the dollar, as well as more »

  • Expect Big Write-Downs in This Sector

    By Shmulik Karpf - June 27, 2013 | Tickers: ABX, KGC, NCMGY.PK

    Warren Buffett, the Sage of Omaha, once said: "It's only when the tide goes out that you learn who's been swimming naked." The interesting thing about the markets is that there's always a "tide" in some market. That's why it's crucial to make sure that you're not "swimming" in that particular market. I believe that the current "tide" we are witnessing is the tide more »

  • Metals Continue to Struggle

    By Nihar Patel - June 27, 2013 | Tickers: AA, ABX, FCX

    Metals such as copper and aluminum continue to struggle and even investment commodities like gold are not doing too well. Digging stuff up from the earth was a far better business a decade ago than it is now. However, keep in mind that 2013 is far better than 2009 was.

    Consider how the market has been making new highs the last few years and then look at some of the more »

  • Could This Royalty Company Turn It Around in 2013?

    By Lior Cohen - June 27, 2013 | Tickers: ABX, GG, RGLD, GLD

    Shares of Royal Gold (NASDAQ: RGLD), much like many other gold stocks, haven’t performed well during 2013 (up to date) as they tumbled by more than 35%. Nonetheless, Royal Gold’s business model is different than other gold companies as it relies on royalty payments from precious metal miners; this type of business model lowers the company’s risk compared to the risk that gold producers face. Will Royal more »

  • Cost Inflation a Big Problem Globally - Stay Local

    By Peter Epstein - June 26, 2013 | Tickers: ANV, ABX, CDE, NEM

    It's well known that the gold majors are suffering from elevated all-in costs after years of reckless expansion into high risk countries and exploration overkill. Over the past six months, silver, gold, copper and platinum prices are down 35% and 23%, 14% and 12% respectively. Over the same period, oil prices are up 8%. Mining cost inflation is as big a problem as weak demand and resource nationalism. 

    Typically more »

  • A Golden Opportunity to Go Long On Miners

    By Philip Davis - June 26, 2013 | Tickers: ABX, HMY, NEM, NAK, AGQ, GLD

    <img align="left" height="309" src="http://charts.stocktwits.net/production/original_14294724.PNG?1372248044" width="400" />

    Gold collapsed overnight - all the way to $1,222.90 and this morning we took our first long on the gold futures in ages (/YG) at the $1,230 line as this is just beyond ridiculous at this point and we already caught a nice $5 pop for a $166 per contract gain and that lets us take a quick profit and reload for the next test of $1,230 more »

  • When Will the Low Gold Price Start Affecting Miners?

    By Rupert Hargreaves - June 25, 2013 | Tickers: ABX, GG, NEM

    I recently wrote this article on the falling price of gold and how it was going to hurt mining companies. In summary, the article highlighted that the average all-in cost of the 20 largest gold miners in the world was $1,306 per ounce in Q4 2012; and if the price of gold falls below $1,300 per ounce, about 30% to 40% of mine production throughout the world is more »

  • Three Stocks To Short

    By Jayson Derrick - June 25, 2013 | Tickers: AGN, ABX, DD, DOW

    After a strong bull run in 2013, it appears that the markets are set to reverse and enter bear territory. Investors can still profit by shorting stocks that are operating in an environment that is detrimental to their business.

    Global macro environment is not favorable

    Dow Chemical Co (NYSE: DOW) is seeing greater Q2 headwinds than many had assumed at the beginning of the quarter, due to a global macro more »

  • Is Investing in Gold Still Reliable?

    By Kiran Gulati - June 25, 2013 | Tickers: AEM, ABX, KGC

    Agnico-Eagle (NYSE: AEM) is a gold mining company with mining and exploration activities across Canada, Europe, Latin America and the United States. The company owns one of Canada’s largest operating gold mines by gold reserves in Quebec, namely LaRonde, which has significantly contributed to its domestic and international expansion.

    The company’s revenues and profits are primarily driven through the production and sale of gold in both dore bar more »

  • A Distraction From My Dividend Growth Investing Strategy

    By Michael Weber - June 25, 2013 | Tickers: ABX, GG, IAG, AUY

    I am a dividend growth investor. I like to buy dividend paying companies with long track records of increasing dividends and strong competitive advantages. I look for higher than average dividend growth and a steadily increasing stream of income. Oh, and I also only like to buy when the stock is quite undervalued. This criterion has me waiting for prices to drop a lot of the time. I like to more »

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