TSE:ABX

Barrick Mining (ABX.TO)

52.78
+1.43 (2.78%)
as of Jul 22, 2026, 8:00:00 pm Market Open.
594 watching
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Investor Insights
star iconJul 22, 2026, 12:00 am

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

Experts offer a mix of views on Barrick Mining (ABX-T), reflecting divergent outlooks on gold investments and the company's positioning. Some analysts appreciate Barrick for its strategic advantages, including strong global positioning, notable joint ventures in Nevada, and a focus on premier mining assets. However, concerns linger about the company's historical management of shareholder capital and relative production growth compared to peers. The impact of global economic uncertainty raises opinions on gold as a diversifier and potential safe haven. Analysts express caution, particularly regarding earnings expectations amid fluctuating gold prices and the recent CEO changes that have coincided with Barrick's performance improvements.

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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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