Why ABX Stock Could Underperform
Barrick Gold Corporation (USA) (NYSE:ABX) is up roughly 165% as gold prices have increased about 25%. Going forward, could ABX stock continue to provide this sort of return?
Before going into detail, let's go back to the basics. With gold prices expected to go higher, you want a mining company to be setting up to profit big-time. You want to see it spending on exploration, producing more gold, and focusing on getting its operations in order.
Sadly for Barrick Gold, there's only one thing working-it has reduced.
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Barrick Gold Corporation (USA) (NYSE:ABX) is up roughly 165% as gold prices have increased about 25%. Going forward, could ABX stock continue to provide this sort of return?
Before going into detail, let's go back to the basics. With gold prices expected to go higher, you want a mining company to be setting up to profit big-time. You want to see it spending on exploration, producing more gold, and focusing on getting its operations in order.
Sadly for Barrick Gold, there's only one thing working-it has reduced.
Den vollständigen Artikel lesen ...