Equity Stock Analysis Announces esearch Coverage of Barrick with a Rating of Strong Buy
Dallas, April 27, 2007 Barrick Gold Corp. (NYSE: ABX) has receive a rating of “Strong Buy” from Equity Stock Analysis (ESA). The report is authored by Senior Research Analyst, Lee Anderson, J.D., M.L.S.
The full report is available at http://www.equitystockanalysis.com
In the report Ms. Anderson writes, “Barrick is among the world‘s largest gold producers in terms of market capitalization, production, and reserves. Barrick’s principal activities are to explore, develop and pro-duce gold in Canada, the United States, Australia, Peru, Tanzania, Chile and Argentina.”
Barrick is the only company in the gold mining industry that possesses an ‘A‘ rating balance sheet which vindicates its conservative but effective financial policy and cost profile, strong pipe-line of development projects, solid reserve base, and a low overall geopolitical risk.
A strong balance sheet gives the company the flexibility it needs to develop new projects and push others into production, finance its exploration programs, and support corporate development initiatives, such as acquisitions, as and when the opportunities emerge. It can be argued that Barrick is the only company that can initiate a new mining project without resort to the equity market.
A slowdown in the US economy and disappointing returns in conventional assets such as equities should also lift gold [as well as increase in] jewelry demand which is partly due to the buoyant economic growth in countries like India or China.
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EQUITY STOCK ANALYSIS (”ESA”) is committed to the highest ethical standards and as such is not subject to external pressure that is sometimes experienced to issue biased research. This pressure is avoided by refusing to accept companies that cannot be recommended with objectivity, quality, and accuracy of research. ESA and its Certified Financial Analysts are independent, objective, and have a reasonable and adequate basis for our investment recommendations. ESA has established formal written policies supporting independent and objective analyst research. ESA has senior corporate officer publicly attest, at least annually, to adherence to the policy.
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Lexington’s filings with the Securities and Exchange Commission, including, without limitation, Lexington’s recent Form 10-QSB, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
View the report:
http://www.equitystockanalysis.com
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