GOLD
📉 Severe Underperformance: Despite gold prices soaring, Barrick Gold’s stock price remains significantly depressed, trading far below its historical highs.
😴 Labeled a ‘Mummy’: The analyst explicitly calls Barrick the ‘most mummy’ of gold miners, highlighting its lack of upward momentum compared to the commodity it mines.
🤔 Questionable Execution: The stark contrast between the high price of gold and Barrick’s stock performance raises questions about the company’s operational efficiency or production issues.
@ClaveBursatilTV:
“Golden is quite a mummy. Barrick, let’s put Barrick; it’s the most mummy of all. Barrick, right? So you say, ‘Hey, what’s up with gold flying high? Aren’t you making a ton of money, Barrick?’ Look where you are. No, I mean, the maximum is at $55, and now it trades at $20. But not all are like Barrick, luckily. You have Agnico Eagle, which is Canadian, also at highs and flying. And here it had a flag pole pattern that it executed, throwing it to $30 per hour; it’s heading there. You have Harmony Gold, which is from South Africa, also a powerhouse and continues flying just like gold. So maybe Barrick, which is the one most talked about, or at least I hear analysts in programs always have it there, I don’t hear much talk about Agnico or Harmony.”
Watch the exact part of the video where @ClaveBursatilTV talks about Barrick Gold here:
Watch the video on YouTube
Read more articles analyzing Barrick Gold (GOLD) at the provided link. GOLD stock.
