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Is the Barrick-Randgold Merger Enough of a Reason to Bet on ABX?

Annie Gilroy
Is the Barrick-Randgold Merger Enough of a Reason to Bet on ABX?

The rises in Barrick Gold’s (ABX) and Randgold Resources’ (GOLD) stock prices following their merger announcement suggest that investors are happy with the merger and its potential synergies. On November 5, more than 99% of ABX’s shareholders approved its all-stock acquisition of GOLD. The question, however, remains as to whether the issues ailing Barrick Gold will all go away with this merger.