Weekly Three-Year Low Highlights: ABX, ECA, TI, NFX

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Mar 04, 2013
According to GuruFocus list of 3-year lows, Barrick Gold Corporation, Encana Corp, Telecom Italia SpA, and Newfield Exploration Company have all reached their three-year lows.

Barrick Gold Corporation (ABX, Financial) Reached Three-year Low of $29.39

The prices of Barrick Gold Corporation (ABX) shares have declined to close to the three-year low of $29.39, which is 47.5% off the three-year high of $55.95.

Barrick Gold Corporation is owned by 14 Gurus we are tracking. Among them, seven have added to their positions during the past quarter. Seven reduced their positions. Barrick Gold Corporation has a market cap of $29.42 billion; its shares were traded at around $29.39 with a P/E ratio of 8.7719 and P/S ratio of 2.073. The dividend yield of Barrick Gold Corporation stocks is 2.72%.

Barrick Gold Corporation reported fourth quarter 2012 net loss of $0.67 billion ($0.66 per share), including impairment charges of $4.4 billion. Adjusted net income was $3.83 billion ($3.82 per share).

1 Guru Initiated Positions: Ray Dalio bought 170,290 shares in the quarter that ended on 12/31/2012, which is 0.061% of the $9.82 billion portfolio of Bridgewater Associates.

3 Gurus Increased Positions: John Hussman owns 1,900,000 shares as of 12/31/2012, an increase of 484.62% from the previous quarter. David Dreman owns 139,509 shares as of 12/31/2012, an increase of 39.32% from the previous quarter. Jean-Marie Eveillard owns 3,891,008 shares as of 12/31/2012, an increase of 37.22% from the previous quarter.

2 Gurus Sold Out ABX: Julian Robertson sold out his holdings in the quarter that ended on 12/31/2012. John Burbank sold out his holdings in the quarter that ended on 12/31/2012.

Encana Corp (ECA, Financial) Reached Three-Year Low of $17.83

The prices of Encana Corp (ECA) shares have declined to close to the 3-year low of $17.83, which is 51.7% off the three-year high of $35.25.

Encana Corp is owned by 13 Gurus we are tracking. Among them, four have added to their positions during the past quarter. Eight reduced their positions. Encana Corp has a market cap of $13.14 billion; its shares were traded at around $17.83 with a P/E ratio of 41 and P/S ratio of 2.5458. The dividend yield of Encana Corp stocks is 4.48%.

Encana Corp reported fourth quarter 2012 diluted loss per share of $0.11 compared to a loss of $0.65 per share in the prior year quarter. Revenues were $1.6 billion in the quarter, compared to $2.46 billion in the same quarter last year.

1 Guru Increased Positions: Ray Dalio owns 196,400 shares as of 12/31/2012, an increase of 29.72% from the previous quarter.

1 Guru Reduced Positions: Third Avenue Management owns 2,580,155 shares as of 12/31/2012, a decrease of 38.88% of from the previous quarter.

Telecom Italia SpA (TI, Financial) Reached Three-Year Low of $7.08

The prices of Telecom Italia SpA (TI) shares have declined to close to the 3-year low of $7.08, which is 56.0% off the three-year high of $16.04.

Telecom Italia SpA. was incorporated on Oct. 20, 1908, as a joint stock company under the laws of Italy. Telecom Italia SpA has a market cap of $9.5 billion; its shares were traded at around $7.08 with and P/S ratio of 0.8693. The dividend yield of Telecom Italia SpA stocks is 6.1%.

Newfield Exploration Company (NFX, Financial) Reached Three-Year Low of $23.06

The prices of Newfield Exploration Company (NFX) shares have declined to close to the three-year low of $23.06, which is 70.7% off the three-year high of $77.930.

Newfield Exploration Company is owned by eight Gurus we are tracking. Among them, four have added to their positions during the past quarter. Four reduced their positions. Newfield Exploration Company is a Delaware corporation which was founded in 1989. Newfield Exploration Company has a market cap of $3.12 billion; its shares were traded at around $23.06 with a P/E ratio of 10.8 and P/S ratio of 1.2127.

Newfield Exploration Company has released its fourth quarter 2012 results. In this quarter, Newfield reported net loss of $1.4 billion ($10.39 per diluted share). Revenues were $646 million.

1 Guru Initiated Positions: T Boone Pickens bought 211,703 shares in the quarter that ended on 12/31/2012, which is 5.6% of the $101 million portfolio of BP Capital.

1 Guru Kept Positions in NFX Unchanged or Slightly Adjusted: Robert Rodriguez owns 1,087,200 shares as of 12/31/2012, which accounts for 3.5% of the $830 million portfolio of FPA Capital.

Go here for the complete list of three-year lows.