Barrick Gold: Too Much Negativity Breeds Buying Opportunities

Oct. 17, 2022 11:11 AM ETBarrick Gold Corporation (ABX:CA), GOLD30 Comments
Taylor Dart profile picture
Taylor Dart


  • Barrick Gold currently trades at its most attractive valuation since 2018, but the company is in much stronger shape than it was four years ago.
  • This is because it has a new CEO that's helped it transform its balance sheet and consolidate Nevada operations to provide synergies to handle difficult periods like the current one.
  • While the company's Q3 results came in slightly below my estimates, I don't see any reason to worry about Q3, Q4, or FY-22, with this being a kitchen-sink year.
  • Instead, investors should look forward to 2023/2024, and if they do, they will see a company with sharply declining costs and improving margins even in a weak gold price environment.

Gold Bar


While the general market has been pummeled, with its correction exceeding 26%, the Gold Miners Index (GDX) has suffered the real bear market. This is evidenced by a 53% correction from its 2020 highs. Given that bear markets take time and damage

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Taylor Dart profile picture
"A bull market is when you check your stocks every day to see how much they went up. A bear market is when you don't bother to look anymore."- John Hammerslough - Disclosure: I am not a financial advisor. All articles are my opinion - they are not suggestions to buy or sell any securities. Perform your own due diligence and consult a financial professional before trading or investing.

Disclosure: I/we have a beneficial long position in the shares of GOLD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Disclaimer: Taylor Dart is not a Registered Investment Advisor or Financial Planner. This writing is for informational purposes only. It does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any securities transaction. The information contained in this writing should not be construed as financial or investment advice on any subject matter. Taylor Dart expressly disclaims all liability in respect to actions taken based on any or all of the information on this writing. Given the volatility in the precious metals sector, position sizing is critical, so when buying small-cap precious metals stocks, position sizes should be limited to 5% or less of one's portfolio.

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