Barrick Mining (ABX.TO) Buy, Sell or Hold

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Barrick Mining (ABX.TO)

57.47

+1.66 (2.97%)

as of Aug 12, 2026, 8:00:00 pm Market Open.

594 watching

Investor Insights

Aug 12, 2026, 12:00 am

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

Barrick Mining, traded under the symbol ABX-T, has attracted mixed opinions from various experts. Some analysts express a preference for Agnico Eagle Mines (AEM), citing its safer mining jurisdictions and better stewardship of shareholder capital. Despite recent resolutions with Newmont and the company's spinoff plans, doubts remain about Barrick's production growth and valuation, as it tends to lag behind its peers. Enthusiasts of gold remain bullish on the commodity, pointing to its potential as a diversifier amid global economic uncertainty. Consequently, while some analysts see potential in Barrick, there are significant concerns regarding its ability to capitalize effectively on the rising gold prices.

Consensus

Mixed

Valuation

Fair Value

Similar

Agnico, AEM

DON'T BUY

Prefers owning gold through the SPDR Gold ETF (GLD-N) as companies have too many problems such as flooding, costs, political, labour, etc. Doesn't like this company because it is too big to grow and has to fight just to stay even. Also, made a big move into copper and he is not fond of hybrids.

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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.

Showing 346 to 360 of 919 entries

Most Recent Experts

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at Raymond James Investment Counsel Ltd.

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Barrick Mining (ABX.TO)