Historically, tumultuous times offer some of the best opportunities to unearth killer stocks, and the market's recent mess surely qualifies. There aren't many stocks investors cite as golden opportunities today, but many think major miner Barrick Gold
In our Motley Fool CAPS community, about 94% of the 1,896 investors rating the company are bullish, so there's no shortage of reasons why Barrick Gold will thrive, three of which I've highlighted below.
But here at The Motley Fool, we're all for looking at both the good and bad sides of an investment. Once you're done with this article, you can read the case against the stock, weigh in with your own comments below, or rate Barrick Gold yourself in CAPS.
1. Strong earnings
The rise in prices of gold and other commodities has helped Barrick, other gold producers like IAMGOLD
2. Rid of the hedge book
While producers like Newmont Mining
3. Huge reserves
With Barrick holding a massive amount of gold reserves that has grown for the past four consecutive years, investors like the amount of value that the company has yet to unleash. Barrick expects increasing gold production this year and looks for lower total cash costs coming from new production from lower-cost mines like Cortez Hills. And with its reserves now all unhedged, many CAPS members believe the odds of holding a market-beating investment in Barrick Gold are pretty strong.
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Fool contributor Dave Mock has more than three reasons why he doesn't bet on the craps table anymore. He owns no shares of companies mentioned here. The Fool's disclosure policy limits its carbohydrate consumption every day to keep it at peak energy.