Every day, the sun rises on Wall Street, and a plethora of professional analysts wake to issue new opinions on stocks. Here at the Fool, we use our "This Just In" column to examine some of these picks -- and the track records of the firms behind them -- so individuals can make better investing decisions.
In addition to following these professional banks, anyone can use Motley Fool CAPS to monitor the collective opinions of more than 125,000 members, many of whom demonstrate better investing insight than published analysts do.
More top-performing CAPS members are feeling bullish on Barrick Gold (NYSE: ABX) these days, upgrading it from its four-star rank to a more formidable five stars. A total of 1,707 members have given their opinion on Barrick Gold, with many offering analysis and commentary explaining the recent optimism.
Shares in gold miners like Barrick, Yamana Gold (NYSE: AUY), and Kinross Gold (NYSE: KGC) are fighting back from the dive that they took earlier this year. Though the road to recovery is bound to be bumpy, many investors see the 2008 gold correction as a thing of the past, since gold bullion prices have been on the rise in recent months.
Barrick and peer Newmont Mining (NYSE: NEM) both laid out plans to run tight operations and delay projects as necessary in the face of economic uncertainty. The swift moves could tighten supply and put upward pressure on the price of gold. And with executives from Barrick and Gold Fields estimating a rising all-in cost of production for gold, many are bullish on its long-term price, including Goldcorp (NYSE: GG) founder Rob McEwen.
While the tight credit markets and overall global economic malaise have slowed the mining mergers-and-acquisitions market -- such as with BHP Billiton's (NYSE: BHP) ended pursuit of Rio Tinto (NYSE: RTP) -- Barrick CFO Jamie Sokalsky recently said that companies and projects are looking exceptionally cheap to acquire. And Barrick is in a better position to go shopping than many others with its $1.7 billion in cash and recent successful bond offering.
To see all the reasons that CAPS analysts are more bullish now about Barrick Gold -- as well as other winning stocks they are picking -- head on over to CAPS and have a look, and don't forget to add your own opinion.
More Foolishness:
On Jan. 12, 2009, Fool co-founder David Gardner, Jeff Fischer, and their Motley Fool Pro team will accept new subscribers to their real-money portfolio service. Motley Fool Pro is investing $1 million of the Fool's own money in long and short positions in a range of securities, including common stocks, put and call options, and exchange-traded funds (ETFs). They also incorporate proprietary CAPS "community intelligence" data into their research. To learn more about Motley Fool Pro and to receive a private invitation to join, simply enter your email address in the box below.
Closed for 15 months – opening 10 days only! Get notified ahead of time as our expert portfolio manager invests $1 MILLION in the best opportunities from across The Motley Fool’s premium investment services. This is the first open since August 2008, by invitation only. Enter email below.
Terms & Conditions
RSS Headlines
Fool UK