Financial News for Barrick Gold Corporation (ABX)
| ABX | 3/12/2010 6:40PM | 52 Week Price Range | Market Capitalization | Dividend Yield | Recent Dividend |
|---|---|---|---|---|---|
| $39.06 | $27.09 — $48.02 | $38.4 Billion | 1.00% | $0.40 |
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Then it's going to use another billion dollars to eliminate a portion of its floating spot it's going to take a $5.6 billion charge to earnings as a result of a change in accounting treatment for these contracts, and essentially BARRICK says there's been increasing concerns among investors about these hedges that it has on gold. And given the increasingly positive outlook for gold the company, again, is reversing so a $3 billion offering. $2.9 billion of it going to eliminate some of its gold a positive call on gold by BARRICK GOLD today. >> melsary, thanks so much. Let's pull up the stock secrecy if the stock is reacting to this dilution. >> they're playing the commodity trader. At its zenith, at its peak there were 100 million ounces of gold hedged by producers. BARRICK is a producer. I think they were the lone remaining producer that had hedges out there, about 15 million ounces or so. I think what they're saying and I haven't seen the whole thing is they're effectively buying back the rest of those hedges. Interesting. Some people will foint to this and say extraordinarily bullish. Other people will point to it and say unbelievably bearish since they're the last point to go. Now, we talked about how bull markets end on good news, bear markets end on bad news. I'm not saying it is. And clearly i've been wrong in gold as well. But there will be two camps in this and clearly somebody needs to be right. I would go more negative than >> there was something very
melsary, thanks so much. Let's pull up the stock secrecy if the stock is reacting to this dilution.
they're playing the commodity trader. At its zenith, at its peak there were 100 million ounces of gold hedged by producers. BARRICK is a producer. I think they were the lone remaining producer that had hedges out there, about 15 million ounces or so. I think what they're saying and I haven't seen the whole thing is they're effectively buying back the rest of those hedges. Interesting. Some people will foint to this and say extraordinarily bullish. Other people will point to it and say unbelievably bearish since they're the last point to go. Now, we talked about how bull markets end on good news, bear markets end on bad news. I'm not saying it is. And clearly i've been wrong in gold as well. But there will be two camps in this and clearly somebody needs to be right. I would go more negative than
there was something very ” Fast Money Sep 8, 2009 5:08 PM
- Since this comment, ABX's stock price has declined by 0.64%.
- In addition to information about Barrick Gold Corporation, 26 other stocks were also mentioned. The full recap of all the stocks talked about on Fast Money are also available.
- You can visit the Fast Money recap page for the full RazorWire including 3 more slices of stories about Barrick Gold Corporation.
- There have been 50 mentions of Barrick Gold Corporation ABX since being mentioned on Fast Money on Tuesday, September 08, 2009. Ockham details all of the news on Barrick Gold Corporation on our ABX Financial News page.