Wednesday, 11 July 2012
German Bank Securities ranks Barrick Gold to buy
Jorge M. Beristain, an analyst at German bank classifies securities, the shares of Barrick Gold (ISIN CA0679011084 / WKN 870 450) as "buy".
In a study on the metal and mining industry will be drawn to the attractive valuation of Barrick Gold's shares. The company is well positioned to benefit from rising gold prices in the medium term. With the help of continued strong cash flow further increases in dividends are possible.
The acquisition of Equinox Minerals has increased the company's involvement in copper. The proportion of activity is moving but in a scale that is comparable to competitors. The recent changes in top management could lead regarding the long-term strategy to make positive changes.
The 12-month target price is set back, meanwhile, from 69.00 to $ 61.00. The valuation model is based on a 2013er, found to be appropriate PE ratio of 9 (estimated EPS: $ 6.82).
Against this background, confirming the German Bank Securities analysts of its buy rating on Barrick Gold's shares. (Analysis of 09:07:12) (10.07.2012/ac/a/a)
Disclosure of potential conflicts of interest: the security services company or an affiliated company was part of a consortium that has taken over the period of five years recent issue of securities of the Company. Other potential conflicts of interest can be found on the site of the creator / source of the analysis.