Digging for Gold in Barrick

1. Barrick is trading at the lowest valuation in the last 15 years with a market capitalization of $40 billion and pays a 1.5% dividend.

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3. We only suggest a 2/3 position because this is a commodity based stock and therefore it is expected to be more volatile. This is also seen as a hedge against global turmoil.

4. The Purple Chips approach suggests a normal valuation would see the price return to about $58 in the next 18 months. S&P has a rating of 5 stars, with a target of $77.00

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