
NYSE:ABX
This summary was created by AI, based on 1 opinions in the last 12 months.
Barrick Gold Corp (ABX-N) is positioned to extract value from its shares through the potential spinoff, a strategic move that could enhance shareholder value. Despite the 200-day moving average indicating an upward trend, the short-term outlook reveals lower lows and lower highs, suggesting a cautious approach in the current market. The recent surge in the sector has prompted a reevaluation, leading some experts to favor a transition toward base metals instead of continuing with gold investments. Overall, while the strategy for spinoff could be beneficial, the technical indicators reflect a mixed sentiment that investors should consider.
His go-to gold name because of the CEO. Gold stocks haven't been hitting new highs like gold itself. Last February they reported an earnings beat and inline revenue and production, but shares got hammered over higher production costs. More of their gold comes from North America where labour costs are higher; they used to have more mining in cheaper Latin America. Also, guidance may be too cautious. Shares are finally starting to catch up to the gold price; same goes with many gold stocks.
Barrick Gold Corp is a American stock, trading under the symbol ABX (previously ABX-N on Stockchase) on the New York Stock Exchange (ABX). It is usually referred to as NYSE:ABX or ABX
In the last year, 1 stock analyst published opinions about ABX (previously ABX-N on Stockchase). 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Barrick Gold Corp.
Barrick Gold Corp was recommended as a Top Pick by Jim Cramer - Mad Money on 2021-02-12. Read the latest stock experts ratings for Barrick Gold Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Barrick Gold Corp in the last year. It is a trending stock that is worth watching.
On 2026-03-05, Barrick Gold Corp (ABX) stock closed at a price of $9.85.
If they can extract value from shares by doing the spinoff, then that's the right move. 200-day MA is trending higher, but short-term lower lows and lower highs. The space has moved so far, so fast, he'd rather move to base metals.
See his Top Picks.