Barrick gains in uncertain times

Article Excerpt

Barrick Gold offers you a great way to prosper from any rise in gold prices because of the war in Ukraine and the ongoing COVID-19 pandemic. If inflation keeps rising these next few years (a clear possibility), gold stocks will attract new interest to keep pushing up their prices. And if gold-loving markets in Asia and other emerging markets continue to expand, consumer gold purchases should also rise. That would take Barrick even higher. Still, if the global economy sputters, the stock should still hold onto its gains and its appeal as a “safe harbour” for investors. Barrick is a Power Buy. BARRICK GOLD, $29.98, is a buy. The company (Toronto symbol ABX; TSINetwork Rating: Average) (www.barrick.com; Shares o/s: 1.8 billion; Market cap: $54.0 billion; Dividend yield: 1.7%) is the second-largest gold mining company in the world after Newmont Goldcorp (symbol NEM on New York). Barrick has its headquarters in Toronto. The company has mining operations and projects in 11 countries, including Argentina, Australia, Canada, Chile,…