Barrick Gold CorpABXWAITSep 14, 2026Stock price when the opinion was issued
As of Mar 05, 2026. Market Open.
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's downfall over the past could be helped if it can follow through on separating its overseas operations. He likes the old Goldcorp assets which go well with Barrick's US assets. It has a relatively new CEO and is a 'show me' story. He likes the gold space.