19:10:27 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,165,215,209
Close 2016-07-20 C$ 26.00
Market Cap C$ 30,295,595,434
Recent Sedar Documents

Globe says IBI Group, others have positive momentum

2016-07-21 06:53 ET - In the News

See In the News (C-IBG) IBI Group Inc

The Globe and Mail attempts to identify momentum names with a history of consistent reported earnings in its Thursday, July 21, edition. The Globe's Ian Tam writes in the Number Cruncher column that year to date, the S&P/TSX total return index is up 13.6 per cent, with Canada's abundant materials and energy sectors leading the charge. This being said, many investors are likely questioning the conviction in the most recent rally as much of this has to do with the recent fluctuation in crude and gold prices. With this in mind, Mr. Tam created a strategy that balances several momentum factors with a factor for consistency of reported earnings. Mr. Tam looked for companies with consistent earnings. He searched for companies with positive three-month estimate revisions and positive quarterly earnings momentum. To qualify, stocks needed to have at least $1.6-million in average volume traded and also have at least three active analysts covering the stock. Real estate investment trusts were excluded from Mr. Tam's strategy. Mr. Tam's momentum stocks with a history of consistent earnings are IBI Group, Pan American Silver, HNZ Group, Goldcorp and Barrick Gold.

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