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Research report

Stock analysis: Will cost-cutting Barrick continue to rebound? Add to ...

StockReports+ is a Thomson Reuters service that helps investors pick equities by simplifying the process of evaluating stocks, finding new trading ideas, and understanding trends affecting markets and industries.

Barrick Gold Corp. shares, which plunged to record lows last month, have suddenly been on a rebound. They’ve gained 35 per cent, aided by a modest recovery in gold prices. With a renewed focus on cost cutting, some analysts – as well as investors – think the company is moving in the right direction.

Barrick shares are still only about half of where they were a year ago.  Is the rebound poised to continue for Canada’s largest gold company?

This report provides a detailed analysis that investors may want to review before buying or selling the stock.

StockReports+ gives each stock an average score that combines the quantitative analysis of six widely-used investment decision-making tools: earnings, fundamentals, relative valuation, risk, price momentum and insider trading. Barrick's average score is 4 out of 10, relatively in line with the market.

Read more in this comprehensive report.

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