TSE:ABX

Barrick Mining (ABX.TO)

59.89
-2.27 (3.65%)
as of Sep 1, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconSep 1, 2026, 12:00 am

This summary was created by AI, based on 14 opinions in the last 12 months.

Barrick Mining (ABX-T) has received a mixed set of reviews from experts, reflecting varied opinions on its current investment potential. Some analysts highlight the company's geographic diversification and copper exposure, praising its recent performance alongside the rise in gold prices. However, several experts prefer peers like Agnico Eagle Mines (AEM) due to perceived safer mining jurisdictions and better management of shareholder capital. Issues surrounding a recent joint venture dispute with Newmont have also contributed to a drop in shares, and concerns linger about Barrick's production growth and valuation. On the technical side, some analysts see bullish momentum surrounding Barrick, though questions regarding its long-term sustainability are evident. Overall, the gold sector remains uncertain amidst shifting economic conditions and global conflict, impacting investment sentiment towards Barrick Mining.

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Consensus
Mixed
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Valuation
Fair Value
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Similar
AEM
DON'T BUY

(Market Call Minute.) Commodity prices are impossible to figure out. He sold his stock.

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.
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.
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