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BARRICK GOLD CORPBARRICK GOLD CORPBARRICK GOLD CORP

BARRICK GOLD CORP

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Don’t seek exposure to gold via gold miners’ stocks!Here’s a Thought! 9 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital Stocks of gold miners have been performing very differently. Thus, Wheaton Precious Metals stock (WPM) has increased by over 43% so far in 2020, while close rival Barrick Gold stock (GOLD) has increased 37% in 2020 so far. However, Agnico Eagle Mines (AEM) barely changed year-on-date adding just 5%. What is going on? Barrick Gold’s revenue increased by 13.5% from $8.6 billion in 2016 to $9.7 billion 2019 while WPM’s revenue saw a marginal decline of 3.4% during this period. But this rise in the former’s revenue came in 2019 due to the acquisition of Randgold Resources. As the same time, it rival’s net income margins have consistently been higher than Barrick’s. In 2019, WPM reported an adjusted net income margin of 29% compared to GOLD’s margin of close to 9%. Conclusion: don’t seek exposure to gold via gold miners’ stocks!
NYSE:GOLDLong
by VladimirRojankovski
2
BARRICK GOLD CORPORATION: retracement + impulse Hello traders! In this trade I expect this stock to drop a little before going up. In fact, the MACD is showing that the momentum is getting weaker but I am confident that the drop will not last much because of the current situation in the market. Remember that gold is a safe asset! The targets are placed in correspondence of possible stock resistances Remember to put a stop loss in order to secure your capital! Not a financial advice. Enjoy your trade!
NYSE:GOLDLong
by vf_investment
GOLD - Where else can we put our money?As a follow up to my last post, Barrick broke out of that bull flag with a pefect bounce off of the 61.8% retracement line. With coronavirus cases spiking, new lockdowns going into effect, and a growing sense of FEAR in the market, I seriously don't know where else to go. Going into election year, this seems like a perfect storm. I think anyone is crazy to think otherwise. I am not saying to buy this stock, but I am not sure where else to look.
NYSE:GOLD
by ChrisPtaco_32
1
Bullish Charts - Gold at 8 Year High, 2nd Largest Mining Co.Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Papua New Guinea, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located throughout the Americas and Africa. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada. Daily Chart Indicators: Volume: Bullish PMO: Bullish MACD: Bullish OBV: Bullish Stochastic: Bullish Sector: Bullish Barrick is getting ready to spike up above the cloud. I think if it breaks above $26 to $26.50, it's going to run. Long! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NYSE:GOLDLong
by HotCharts
GOLD - Where else can we put our money?I only own physical gold right now but with the uncertainties in the market and the Fed pumping in trillions of dollars over the next couple of months, I decided to look at some gold mining stocks to hedge against the dollar. Barricks Gold looks to be consolidating and has shown support at the 61.8% fib retracement line. This is also a long term support line and I think it is going to hold up to propel this stock higher. RSI is not overbought, MACD looks to be gaining momentum, and the bollinger band width is fairly low. Looks like somewhat of a bull-flag to me. Go long or go home. This is not financial advice!
NYSE:GOLDLong
by ChrisPtaco_32