ABX does have the best ROI and ROE. During the ABX conference call Jamie Sokalsky, President and CEO:
"When I became CEO in early June, I said Barrick would focus on 2 things: maximizing shareholder value and superior performance. The first step was my directive for a thorough review of our business and to identify the changes necessary to deliver performance that maximizes value in every respect. That objective was simple: deliver improved share price performance.
So today, I will tell you where we stand, what we've done and what we'll do. You'll hear about a focus on high quality, profitable ounces. You'll hear about a rigorous, disciplined approach to capital allocation with a focus on maximizing free cash flow and rates of return on our capital investments.
Going forward, returns will drive production. Production will not drive returns. "
3 Reasons To Buy Barrick Gold [View article]
3 Reasons To Buy Barrick Gold [View article]
Here is the chart of NEM in the 70s Gold bull market.
3 Reasons To Buy Barrick Gold [View article]
ABX does have the best ROI and ROE. During the ABX conference call Jamie Sokalsky, President and CEO:
"When I became CEO in early June, I said Barrick would focus on 2 things: maximizing shareholder value and superior performance. The first step was my directive for a thorough review of our business and to identify the changes necessary to deliver performance that maximizes value in every respect. That objective was simple: deliver improved share price performance.
So today, I will tell you where we stand, what we've done and what we'll do. You'll hear about a focus on high quality, profitable ounces. You'll hear about a rigorous, disciplined approach to capital allocation with a focus on maximizing free cash flow and rates of return on our capital investments.
Going forward, returns will drive production. Production will not drive returns. "
3 Reasons To Buy Barrick Gold [View article]
3 Reasons To Buy Barrick Gold [View article]
I have to admit that you are right. ABX is cheapest only by the earnings per share metric.
3 Reasons To Buy Barrick Gold [View article]