I closed $Barrick Gold Corp(GOLD)$ ,I sold my investment in GOLD stock following Raymond James' price target cut from $24 to $23. While the analyst maintained an Outperform rating, concerns over jurisdictional risk from Barrick’s Randgold acquisition weighed on my decision. The deal added valuable tier-one assets and free cash flow, but its African exposure introduces geopolitical uncertainties. Given these risks and limited near-term upside, I chose to exit my position and reallocate capital to opportunities with stronger growth potential and a more favorable risk-reward profile.
I opened $Barrick Gold Corp(GOLD)$ ,I made an additional investment in Barrick Gold (GOLD) despite a slight price target cut by Raymond James. The firm maintains an Outperform rating, highlighting Barrick’s strategic no-premium acquisition of Randgold, which strengthened its portfolio with tier-one assets and increased free cash flow. While the deal introduces some jurisdictional risk due to African exposure, Barrick remains a top gold miner with strong fundamentals. With gold prices holding firm, I see this as a solid long-term investment for portfolio diversification and stability.
I opened $Barrick Gold Corp(GOLD)$ ,I made an additional investment in Barrick Gold (GOLD) as its fundamentals remain strong despite a slight revenue miss. The company met earnings expectations with $0.46 EPS and continues to reward shareholders through a $0.10 quarterly dividend and aggressive buybacks, repurchasing 28.675 million shares in 2024. With gold prices staying resilient and Barrick’s commitment to shareholder value, I see solid upside potential. The stock remains an attractive hedge against economic uncertainty and a long-term play on precious metals strength.
I opened $Barrick Gold Corp(GOLD)$ ,I made an additional investment in Barrick Gold (GOLD) as the company moves toward resolving its dispute with the Mali government. The agreement, which includes a $438.2 million settlement, removes uncertainty surrounding its mining assets in the country. With formal approval expected soon, this clears a key overhang on the stock. As gold prices remain strong, Barrick's ability to focus on production and expansion strengthens its long-term outlook. I see this resolution as a catalyst for GOLD stock, reinforcing its position as a solid investment in the gold sector.