Analyst Research Report Snapshot

Title:

AFRICAN BARRICK GOLD - CHEAPEST LONDON MAJOR

Price:

$10.00

Provider:

Edison Investment Research

Date:

30 Mar 2011

Pages:

32

Type:

AcrobatPDF

Companies referenced:

POG.L ABGL.L RRS.L

Available for Immediate Download
Summary:

African Barrick Gold (ABG) was listed on the London market in its own right on 19 March 2010 at a price of 575p. Notwithstanding two production/profits warnings on account of issues associated with the processing of transitional ore and the discovery of an organised fuel theft syndicate (both at Buzwagi), ABG’s actual FY10 price-earnings ratio of 16.7x was at a 48% discount to the 32.0x average historic P/E ratio of the NYSE Arca Gold BUGS index in 2010. Since then it has underperformed the gold price in US dollar terms (in common with other majors), such that it now trades at a risk-adjusted discount to its peers.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.