Get started
BARRICK GOLD CORPORATIONBARRICK GOLD CORPORATIONBARRICK GOLD CORPORATION

BARRICK GOLD CORPORATION

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

ABR trade ideas

Barrick Gold Screams Value !Although Barrick Gold currently trades at its most attractive valuation since the end of 2015, but the company is in much stronger shape than it was 7 years ago. Take a look at the following numbers: Year 2015 2016 2017 2018 2019 2020 2021 Total Assets: 26.31B 25.68B 25.31B 22.63B 44.39B 46.51B 46.83B Tick Mark Total Liabilities: 16.89B 14.99B 14.28B 13.25B 14.56B 14.80B 14.56B Tick Mark Total Common Shares Outstanding: 1.17B 1.17B 1.17B 1.17B 1.17B 1.17B 1.17B Tick Mark (No shares dilution) Based on above numbers I see a company with sharply declining costs and improving margins even in a weak gold price environment. While the Market Cap is 25.091B, The EV is standing at 36.03B & Book value per share is at 13.39. It literally means if this company gets liquidated which I don’t think so, I will get my money back at 13.39 per share. Only Ali Baba has similar metrics. In short these metrics mean I'm buying this company for free and this shall be our bottom.
NYSE:GOLDLong
by SabahEquityResearch
4
*GOLD - POSSIBLE BULL TREND*NYSE:GOLD Daily chart: Price cross above SMA 200, bullish confirmation candles. The pair has been trending upward on the daily chart . Price is making higher highs and higher lows overall. Price recently hit a top of resistance, which then quickly reversed, which than price rejected EMA21 to the upside. Bearish candlestick formation starting to form. Entry on third bullish candlestick pattern, price must bounce off EMA 21. Exit: Exit when target is hit or stop loss is triggered R/R: 1.1 - 1.4 TELL ME WHAT YOU THINK! ALPHA1RESEARCH.COM
NYSE:GOLDLong
by TacticalTrade
Barrick Gold - a Steal at This LevelSome years ago, I was in between putting a big position on in SLV or GOLD (formerly ABX) at the $17 level. Both were equally priced. Barrick far outpaced SLV into the forthcoming rally and I regretted not buying it at $17. At $14 - 15 this week, I opened a long position. One thing I read and liked is that future Barrick dividends will include participatory profits. I hope the "profit sharing" concept (also in PXD) catches on. GOLD will rise as dividends increase.
NYSE:GOLDLong
by AssetDesign
GOLD near 12 month lows(GOLD) Barrick Gold is near it's 12 month lows. I find this to be a smart entry for a long position. Barrick Gold corp. is the world's largest mining company and has a $36B market cap, p/e ratio = 15 1/2 and a div/yield = 1 1/2. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com
NYSE:GOLDLong
by Options360
2
Barrick: To the Beach ⛱The bears have grabbed Barrick and are dragging it along southwards to the warm and sandy beach strip between $11.97 and $6.32, which is seated picturesquely below the support at $12.65. Once there, though, there’s not too much time to relax but also work to be done: Barrick should finish the long-term corrective movement in the form of wave (2) in yellow. Afterwards, the bulls should take over so enthusiastically that the beach sand is swirled up and push Barrick northwards. However, there is a 35% chance that the bulls could intervene earlier already and shove Barrick above the resistance at $26.07, thus eliciting further ascent above the next mark at $31.22.
NYSE:GOLD
by MarketIntel
BARRICK GOLD - With Everything Selling whats Bullish?Today we take a look at Barrick GOLD #GOLD Within our private community we have been recommending BARRICK GOLD as a Long term buy Barrick GOLD is a mining company Technically we LOVE what we are seeing... Where do we start For starters we can clearly see a Bullish Head and Shoulders on the larger time Frame. To double the BULLISH sentiment Barrick GOlD offered us a BULLISH BULL FLAG right at the base of the Neck Line of the Bullish H&S Again... We have been POUNDING THE TABLE BUY on Barrick Gold at $20 and we continue to Scale into Barrick We also have amazing Volume data with each Pull down to suggest the Bears or sellers have dried up. Minimum Target on Barrick GOLD is back to $55 but we do see it make New All Time Highs (ATH) However from $20 we see a easy 250-350% move over the months/years to come. We love this Stock!
NYSE:GOLDLong
by Thecontrariandaily
Barrick Gold - Big Bearish Long Term Complete 180 view on Barrick Gold - See linked Idea We closed out Barrick Gold back at $25 and we have a new different perspective. Now we see it as a double top, head and shoulder with rising bearish wedge pattern as illustrated. All structure are pointing downwards taking Barrick Gold (Mining Stock) down to $3.25-$4 There may be another attempt at $30 to make another double top within the rising wedge bearish structure but we have no indicator of that as of today which can develop later. Macro view.. rather we retrace to 30 or not.. sub $5 over the next few years is looking like a very probable outcome. Conventionally we would think of this as an indicator the rest of the market (equities/crypto) would be bullish. However not in this case, there will be continue sell offs.
NYSE:GOLDShort
by Thecontrariandaily
1
Barrick to $12?Hello, Thanks for viewing. Let me start by saying that I am a big fan of Barrick but have been looking for an entry point for some time and now am sharing my view with everyone. Purely technical analysis based on a Elliot Wave. But simple, there was a big dip, partial retracement, and I expect this present dip to be about the same size in $ terms not percentage. If The first drop was wave A and the three wave retracement was wave B (it is a bit messy there) then we are in wave C down now. Wave C always has 5 waves (3 in the trend direction and 2 counter-trend sub-waves). Short term: bear, Short to med term (once that first target is met); weak bull up to $17 - 18 - if you are trader this will be a difficult area to trade in). Medium term' Bear; Down to sub-$14 possibly $12 or $11.XX This target was reached with multiple coincident mapping techniques: Fib extensions - 1.618 extension of wave 1 and a 1:1 extension of wave A. Wave 5 of wave C can be expected to be a similar size to wave 1. Also looked back at swing lows and highs from past price action to map support and resistance (17.50 - 17.30 WAS support in 2021 but is likely to act as resistance to a wave 4 (of wave C) pull-back (as mapped). I don't really do fundamental analysis, but Barrick - being a metals equity - represents leverage on the underlying commodity. Do gold dips 18% and Barrick dips approx 40%. General headwinds for equity markets with rising interest rates - unsustainable in my view. Next week the consensus is for a 0.75% interest rate hike which makes equities and gold (the commodity) less desirable to hold vs a reliable cash coupon. (Also unsustainable in my view if inflation is north of 8% and Treasuries return 4% that is still a negative 4% real yield). Crude oil (a major input into the production cost of mining) is elevated presently which squeezes Barrick's margins. Recent weakness in the gold, silver and copper commodity prices. Anyway, GOLD at $12 would be a screaming BUY. If it gets to that level... I could go on, but I have a something on.
NYSE:GOLDShort
by flyinkiwi10
1
Bearish market is changing the rulesIt seems like all trading rules are out of control in this bearish market. One of the Greatest investors of all time Warren Buffett said "be greedy when others are fearful; and be fearful when others are Greedy" this rings true in the mind. However Buffer was an investor & not a traders. the rules differ or both games. THIS IS ONE OF MY BEST & MOST PROFITABLE trades. short term (W) is in correction while longterm (M) still technically in uptrend. price comes into the DZ which is the HL (Higher Low) of the longterm (M) chart. provide low risk entry & high profit. It seems in this market nothing hold true. As the price broke through the DZ. I followed my rules and took the Loss. If there is a lesson to carry. the DZ was tested (in the dark square) this basically weakens the DZ. One of my first trading teacher compared a DZ to a door. the more you knock on the door the more likely it will break down. This DZ door has been knocked before. it broke & the door opened. A better trade enhancer would of been a fresh untested DZ
TSX:ABXLong
by greatful-me