The Investment Reporter, in its April 26, 2013, issue, says hold Barrick Gold Corp., recently $19.24. The Reporter said buy 22 times from Nov. 17, 1995, to March 1, 2013, at prices ranging from $23.52 to $47.75. Assuming an investment of $1,000 for each of the 22 buys, the $22,000 position would now be worth $13,814. The Reporter has downgraded Barrick because of a "triple whammy" against the company. Firstly, the price of gold has fallen to a 52-week low of $1,321.50 (U.S.) from its 52-week high of $1,798.10 (U.S.), squeezing the profit margins on each ounce of gold sold. Barrick is also facing rising labour costs in South America and higher fuel costs in Australia, which further reduce profit margins. The Reporter also expects the company to raise the capital budget for the Pascua-Lama project following complaints of water contamination. A third factor that has hurt Barrick is writedowns. It had impairment charges from its copper business acquisition, which reduced its profit by $4.2-billion. The newsletter also says that Barrick faces "resource nationalism," which could lead to governments expropriating gold mines. Barrick is now a hold for dividends while waiting for a share price recovery.