Hot Canadian Stocks To Own For 2015

Hot Canadian Stocks To Own For 2015: Barrick Gold Corporation (ABX)

Barrick Gold Corporation engages in the production and sale of gold, as well as related activities, such as exploration and mine development. The company has a portfolio of 25 operating mines and a pipeline of projects located in North America, South America, the Australia Pacific region, and Africa. It also produces copper and holds interests in oil and gas properties located in Canada. The company was founded in 1983 and is based in Toronto, Canada.

Advisors' Opinion:

• [By Mark Hulbert]

  If you prefer the shares of individual gold-mining companies, Freeport-McMoRan Copper & Gold (FCX)  is currently the one most recommended by the Hulbert Financial Digest-monitored advisers who have beaten the S&P 500 over the past 15 years. Also popular are Agnico Eagle Mines (AEM) , Barrick Gold (ABX) , AngloGold Ashanti (AU)  and Newmont Mining (NEM) .

• [By Johanna Bennett]

  Barrick Gold (ABX) fell 0.9% to $17.84 0.7% to $23.87 and Goldcorp dropped 0.58% to $27.21. Newmont Mining (NEM) rose 0.9% to $24.82.

  B2Gold rose 0.7% to $2.86. Eldorado and Buenaventura fell 0.35% and 0.46% respectively.

• [By Ben Levisohn]

  Gold miners are getting hit today, but Barrick Gold (ABX) has bucked the selling despite having its price target lowered by UBS today.

  AP

  UBS analysts Brian MacArthur and Joshua Wardell explain why they lowered Barrick Gold’s price target to $18.50 from $21.75:

  UBS’s precious metals analyst, Edel! Tully, believes the gold price push of late has largely arisen from short-covering, rather than the emergence of new buyers. Compounding the difficulties facing the gold demand environment, UBS economists believe the Fed ‘will not alter their tilt toward tapering nor interrupt their debate about when to tighten and how quickly’ given the emergence of encouraging U.S economic data points. Together, Edel Tully believes this lack of fresh demand coupled with the improving U.S economy will result in gold remaining in a range-bound state. UBS forecasts gold prices declining from $1,300/oz to $1,200/oz in 2015.

  Shares of Barrick Gold have gained 0.4% to $16.81 today, despite the fact that the Market Vectors Gold Miners ETF (GDX) has dropped 0.7% to $23.87 and big miners Newmont Mining (NEM) and Goldcorp (GG) have fallen 0.1% and 0.3%, respectively.

• [By Ben Levisohn]

  Earnings from Yamana Gold (AUY) and Barrick Gold (ABX), as well as the death of the merger between Barrick and Newmont Mining (NEM), are weighing on gold miners this morning.

source from Top Stocks For 2015:http://www.topstocksblog.com/hot-canadian-stocks-to-own-for-2015.html