TSE:ABX

Barrick Mining (ABX.TO)

52.09
+0.23 (0.44%)
as of Jun 25, 2026, 8:00:00 pm Market Open.
593 watching
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Investor Insights
star iconJun 25, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

The outlook for Barrick Mining (ABX-T) is mixed according to various experts. While some analysts express caution due to the company's historical issues with shareholder capital stewardship and production growth, others highlight its strategic positioning and recent performance spikes driven by rising gold prices. There is a consensus that gold remains a valuable diversifier in uncertain economic times, despite differing opinions on Barrick's actual operational efficiency and valuation compared to its peers. Some experts see potential for ABX-T to continue benefiting from the global demand for gold, while others suggest a shift toward other gold companies could be wise. The impact of geopolitical factors and the company's operational challenges, particularly in Mali and high costs in Nevada, are also significant considerations.

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Consensus
Mixed
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Valuation
Fair Value
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AEM
WAIT
Has reduced his holdings because of the departure of Eric Regent. Now a very cheap stock and over the next 5-10 years, you're going to look back and ask why you didn't buy more. One thing that concerns him is that they have to spend another $5 billion on the Argentinean project up and running.
COMMENT
His position in gold companies is actually more of a hedge against political risks, rather than company specifics. Looking at the value creation over the long term on this company, it has been wonderful at growing its business but not necessarily growing the long-term value for its shareholders. Because of this, he prefers names like Yamana (YRI-T) and Goldcorp (G-T), which have negative net debt positions and a consistency in terms of growing their dividends..
BUY
Biggest gold producer globally and a well-managed company with a good balance sheet. It will grow its dividend over time but not much growth in the company itself. Didn't like the copper company acquisition they made. At current prices, it is not a bad company.
COMMENT
World's largest gold producer. There is a prospect for continued dividend increases. Assets located globally. Recently been some management changes. There have been questions as to their strategy and how growth is going to be driven. It is difficult for a company this size to acquire projects with the critical mass to provide a decent growth pipeline. If your outlook on gold is good, this would be a good pick.
PAST TOP PICK
(A Top Pick June 24/11. Up 8.45%.) Covered Call Write. Bought the stock at $42.60 and Sold Oct 44 Calls at $2.20.
TOP PICK
Recent change in CEO could cause a new refocus in the company. Expect they will be emphasizing a little more on traditional gold and perhaps away from the copper that they ventured into previously.
TOP PICK
Trading at a 25 year low. He is bullish on the bullion because he feels the Americans will continue to do the wrong thing. Fair market value is $55-$60. It’s on sale.
COMMENT
Historically gold stocks like this do very well from around the middle of July right through until the beginning of October. Currently it is forming a nice little base. It will continue moving sideways for another 2 to 4 weeks but ultimately watch for it to move significantly higher. Has started to outperform the TSE Composite and the S&P 500.
WAIT
Lots of noise around them. Peter Monk drives the ship. Stock has under performed pier group. We will see where they are going in the next month or two.
DON'T BUY
When they went and bought Equinox, they went off the rails a bit. His model price is $ 67.65, 70% upside, but we are in a balance sheet environment and not an earnings environment. It looks like it is trying to base.
TOP PICK
Took his gold exposure here because he liked the valuation of the stock and the time of year. This one is so cheap with the amount of cash it has.
HOLD
(Market Call Minute) Hold but don’t buy it.
DON'T BUY
One thing you want to focus on when buying gold stocks is that they are trading opportunities, not long-term holds. Sold all of his holdings in March and was happy to get out.
WATCH
Change in leadership caught him and a bunch of people by surprise. He is a little concerned until he knows who will be running the show. He is going to stand back and watch. Excellent spread of assets. No major problems, copper side.
DON'T BUY
If there is some kind of quantitative easing then gold stocks will have a bounce. With each easing there is less and less follow through. It should not be long lived in this case.
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