Can Barrick Gold’s Underperformance Reverse in 2018?
Barrick Gold’s (ABX) stock had fallen 15.8% year-to-date (or YTD) as of February 23—an underperformance, given the -5.5% return from the VanEck Vectors Gold Miners ETF (GDX). The SPDR Gold Shares ETF (GLD), which provides access to the physical gold prices, has gained 2.0%. ABX’s close peers Newmont Mining (NEM), Goldcorp (GG), and Agnico Eagle Mines (AEM) have returned 3.1%, 0.5%, and -12.2%.