Analysis of Barrick Gold share price for trading

Our advice for trading Barrick Gold share

Tip number 1

We would of course follow all the exploration projects currently undertaken by the Barrick Gold Company. All new mine discoveries represent supplementary sources of revenue for this company.

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The efforts and solutions implemented by the group relative to environmental respect should also be followed carefully. This eco-friendly initiative is one of the principal objectives of Barrick Gold over the coming years.

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In the same way, the Barrick Gold Group is currently implementing an intensive distribution strategy of its products worldwide. It could thereby strengthen its position in the resale market and succeed in considerably increasing its profitability.

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Of course it is also important to closely monitor the commodities market and fluctuations in the gold price which is particularly volatile, notably over the last few years.

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Parallel to monitoring the efforts made by this company in regard to respect to the environment we would follow the probable strengthening of government regulations.

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Finally, the activities of the Barrick Gold Company in the sale of gold and other precious metals could be threatened by an increase in growth of substitution gemstones which are increasingly popular among the general public.

Trade in Barrick Gold shares!
76.4% of retail investor accounts lose money when trading CFDs with this provider.
Commodities such as gold and oil logically attract numerous investors. But there are indirect methods of speculating on these, notably through the stock markets, by speculating on the assets of companies in these sectors. This is the case with Barrick Gold, a company that offers numerous opportunities that we will examine here in this article. Find its current real time share price and learn more about this company through our information that you will need to know before investing in this company.  

 

General Presentation of the Barrick Gold Company:

The Barrick Gold Corporation is currently one of the global leaders in the production of pure gold.  Of course, due to its activities the company’s turnover originates from various geographical areas.

The greatest part of this company’s turnover is from North America with a production of 2.96 million ounces per year. Then we find Australia and Africa with 1.35 million ounces per year followed by Latin America with 646,000 ounces produced per year.

 

Introduction and quotation of the Barrick Gold share price:

The share price of Barrick Gold is currently quoted on the American NYSE stock market in New York.

The last ten years have been quite eventful for this asset as can be seen from the historical stock market charts and technical analysis. Since 2011 a downturn in the trend has dominated this market which may offer future beneficial opportunities with a possible rise in the price of this asset.

 

Stock Market data

 

Economical history

To be able to correctly and clearly interpret the historical stock market charts of the Barrick Gold Company share price you will need to know the recent major events that have influenced this company financially and economically. Here therefore are some significant dates and events for your information:

By comparing these events with the historical share price movements you will be able to ascertain a pattern that may recur in the future which will therefore assist you in the implementation of your trading strategies.

 

The advantages and strengths of Barrick Gold shares as a stock market asset :

Firstly, it is of course an undeniable strength that the Barrick Gold group is well established geographically and worldwide. Indeed, the company currently operates mines and develops innovative exploration and development projects on all continents.

The group can of course rely on its impressive workforce to meet market demand, as Barrick Gold currently employs more than 20,000 people worldwide.

Barrick Gold is also a reassuring company for investors thanks to its gold reserves. It is estimated that these mineral reserves are probably as high as 130 million ounces at present.

Barrick Gold also spends a lot of money on the environment. At a time when the preservation of the planet and the environment are at the heart of the world's concerns, this contributes to the good image of this company.

Barrick Gold's efforts to make its name known are also noteworthy. This was particularly the case after the installation of the world's tallest wind turbine at an altitude of more than 4,200 metres at a mine in Veladero, Argentina.

The company also reassures analysts and investors with its ability to meet its gold production quotas. This feat has been made possible thanks to a very well thought-out operational strategy that the group has been pursuing for several years.

Finally, the Barrick Gold group spends a lot of money on technology, expansion and exploration in order to further maximize its profits. Thanks to these efforts, the group continues to earn the confidence of its shareholders.

 

Disadvantages and weaknesses of the Barrick Gold share as a stock exchange asset :

Firstly, and despite the efforts made by Barrick Gold to restore its image from an ecological point of view, the group is still heavily criticized by ecologists around the world who accuse the company of dumping highly toxic substances such as cyanide, mercury and other heavy metals into the environment, resulting in significant damage to the ecology but also numerous cases of poisoning of human populations.

Still on the subject of the image of Barrick Gold, we can also mention the charges brought against the Porgera gold mine, which have had a very significant impact on the company. The company has been excluded from The Government Pension Fund of Norway, one of the largest sovereign wealth funds in the world. It goes without saying that this exclusion was not without financial consequences for the group.

If these few shortcomings seem less numerous than the advantages of this stock, their weight remains important and you must therefore take them into account when implementing your investment strategy on the Barrick Gold share price.

Investing in gold with Barrick Gold shares:

What could be more accessible than investing in gold through trading in the share price of Barrick Gold. This asset is in fact available on the majority of reputable trading platforms where you can speculate on its share price right now.

Trade in Barrick Gold shares!
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.