ABX:CC - Barrick Gold: A Must-Consider For Gold Bulls

2024-02-18 22:28:20 ET

Summary

• Barrick Gold has a good diversification of production assets, a strong balance sheet, and a long company mine life.
• GOLD has made a significant shift in focus to include copper in the production profile, something potential investors should keep in mind.
• The Company is a relatively safe investment but at the expense of lower leverage to a rising gold price.

With gold stubbornly holding above $2000/oz, it's an interesting time to be looking at the gold sector for investment opportunities. Barrick Gold Corporation (GOLD), being the second-largest gold miner in the world, is a must-consider for anyone looking to invest in gold equities. But being big doesn't necessarily mean it's a good investment, aside from having better liquidity in the stock. So, is Barrick just a must-consider, or is it actually a must-own? Let's find out, starting with a quick overview of the company....

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