23:15:10 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,165,215,209
Close 2016-06-08 C$ 24.40
Market Cap C$ 28,431,251,100
Recent Sedar Documents

Globe's Tam recommends buying Yamana Gold, others

2016-06-09 07:19 ET - In the News

See In the News (C-YRI) Yamana Gold Inc

The Globe and Mail attempts to identify liquid Canadian names showing positive fundamental earnings and price momentum in its Thursday, June 9, edition. The Globe's Ian Tam writes in the Number Cruncher column that since late January, the S&P/TSX composite total return index has risen by about 20 per cent, bouncing off a rough 2015 calendar year. Is this is a sustainable rally, or is it just a temporary blip caused by a fluctuation in commodity prices? Either way, Mr. Tam says this recent move may provide opportunities for short-term momentum-focused investors to ride the rally. With this in mind, Mr. Tam focused on liquid names in Canada that show the best combination of: positive three-month estimate revisions; the price of the stock relative to its latest 12-month high; positive quarterly earnings momentum; and positive quarterly earning surprises. To focus on liquid names, only the top 25 per cent of the CPMS Canadian universe (based on monthly trading volume) were considered in this strategy. Mr. Tam's recommended picks are Pan American Silver, Yamana Gold, ARC Resources, Barrick Gold and Chartwell Retirement Residences REIT.

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