TSX:ABXMetals and Mining
Barrick Mining (TSX:ABX) Stock Looks Cheap Until Country Risk Enters The Equation
Barrick Mining stock closed at CA$55.81 today after a choppy few sessions, with the 7 day return just under 4% and the 90 day stretch still in decline. The market moved on headlines. The real story is in the profits. Adjusted earnings before interest, tax, depreciation and amortization jumped to US$2.5b and net earnings reached US$1.2b, powered by stronger gold and copper operations.
For investors with more than a one quarter horizon, this quarter highlights that earnings power, the balance...