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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.
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