Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

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To: Bexar who wrote (340)	1/15/1998 10:16:00 AM
From: Ron Everest	Read Replies (1) of 3558

Post says Morgan Stanley analyst keen Barrick Gold Corp ABX Shares issued 372,817,172 Jan 14 close $24.65 Thu 15 Jan 98 In the News The Financial Post reports in its Thursday edition that shares of Barrick Gold rose $0.55 to $24.75 on the Toronto Stock Exchange on Wednesday, on volume of three million shares. Market Action columnist Ian Karleff says that the stock of Canada's largest gold producer was raised to "outperform" from "neutral" by analyst Douglas Cohen of Morgan Stanley Dean Witter Discover. He says he is not a super gold bull but he thinks the risk-reward trade-off has turned mildly positive. He says that Barrick has unique strengths in its management, proven reserves and strong balance sheet and hedge position. The firm's gold production will also rise 20 per-cent from 1997 estimates to 3.6 million ounces in 1999 when the Pierina mine in Peru comes into production, according to Mr Cohen.

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