Barrick Gold (ABX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Barrick Gold (ABX)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: B Hamilton who wrote (311)	1/5/1998 6:43:00 PM
From: Ron Everest	Read Replies (1) of 3558

News Release Deacon Capital says ABX a buy Post says Deacon analyst keen but cautious Barrick Gold Corp ABX Shares issued 372,817,172 Jan 2 close $26.85 Monday, January 05, 1998 2:39 PM In the News Also Prime Resources Group Inc (PRU) Also Euro-Nevada Mining Corporation (EN) The Financial Post reports in its Saturday edition that mining analysts continue to urge caution. Reporter Paul Bagnell notes they say there are some good companies with undervalued shares out there, but the outlook for most metal prices ranges from poor to mixed. Gold analyst Catherine Gignac of Deacon Capital says that investors should underweight gold stocks in their portfolios, but not stay completely on the sidelines, as the leverage is tremendous. Ms Gignac is assuming a gold price of US$300 an ounce in its current calculations for 1998. Ms Gignac currently recommends only three gold stocks as buys: Barrick Gold, which ended the year at $26.65, Prime Resources Group and Euro-Nevada Mining. She says that a small upswing in the price of gold can lead to significant gains in stock prices.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next