Just sold Gold in the form of 30 Barrick (ABX) May 4, 2010Posted by deminvest in ABX, Barrick Gold, Defensive Stock, my free stock.
Tags: Canada, gold
It was a good idea to buy shares of this gold miner. In September 2009, I wanted to play defensive seeing the beginning of the recession.
My choice was quite good. Barrick Gold stock price went up immediately and stayed up during the crisis. I must remember about Barrick or similar companies whenever I fear a crisis may be on sight.
In September 2009, I bought 40 ABX shares on Xetra Market spending EUR 23.34 each, for a total amount of EUR 933.6 .
Today I sold 30 Barrick Gold share at EUR 32.68 making a EUR 980.4. I got all my money back, made EUR 50 cash. Now I own 10 free Barrick Gold shares. Thanks to my my dear FREE STOCKS STRATEGY !
I’m happy to own those Barrick Gold free shares. Numbers for ABX are still good:
P/E = 15, s
Qtrly Revenue Growth yoy: 44.30%,
Qtrly Earnings Growth (yoy): 104.30%
Barrick has little debts and gives out some dividends: 0.4% yield which is not much.