TSE:ABX

Barrick Mining (ABX.TO)

57.47
+1.66 (2.97%)
as of Aug 12, 2026, 8:00:00 pm Market Open.
594 watching
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Investor Insights
star iconAug 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 icon
Consensus
Mixed
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Valuation
Fair Value
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Similar
Agnico, AEM
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.
HOLD
CEO was recently let go and the market is always sensitive to these issues. Not sure exactly what the problem was. Doesn't know that this will have serious effects but he would focus more on the difficulties with gold stocks generally.
PAST TOP PICK
(Top Pick Jun 20/11, Down 4.83%) When you look at the underlying commodity, it is pretty close to the level is was previously. Stocks didn’t keep up with bullion and did not come off as much when it went back down. He likes ABX because it is the benchmark. More than anything else he likes that in the longer-term they will be able to sustain good growth in production.
BUY
Stick with gold stocks for the short term. Large caps have come off so far so fast. Juniors are hit and miss. Wait until mid to end of summer for it to move.
DON'T BUY
Technically, has come back down to where it was in 2010 and even 2009. Could even break down further.
DON'T BUY
Gold stocks have been frustrating. Prefers G-T. The strategy is easier to understand in G-T. Harder to understand ABX’s decision to more heavily invest in copper.
BUY ON WEAKNESS
(Market Call Minute.) Very cheap valuation but could get cheaper in the next month or 2.
DON'T BUY
Had a good run from 2008 2 2011. It has topped out a bit now. It is now trying to find a base.
COMMENT
This stock trades quite wildly between a couple of ranges. There is a lot of trading between $38 and $50 over many years. It is at the low end of that range. This is driven by gold. If you are a firm believer in gold, it is getting close to the time when you would Buy. If you Buy, place a Stop at $37.50 and he would expect about a $5 upside move.
BUY
Doesn’t know where gold is going. ABX is a cash-producing machine. Some cap-x risk going forward. Will continue to increase the dividend. Could be an entry point at these levels.
TOP PICK
Has being a victim of the bearish stampede but is ready to turn now. Likes the big miners. Has been oversold. Should at least get a move back to the upper $40.
DON'T BUY
Stocks have lagged the commodity. Likes gold for SOME money. Made a big acquisition about a year ago. They had some problems with production, getting new minds on line due to costs. Production will be flat this year. G-T has a better track record and is growing production.
TOP PICK
Buy them when they are down. A great place to enter. Could use a PUT to enter.
TOP PICK
(Top Pick Jan 28/11, Down 6.65%) Everyone ought to have a core of gold holdings. He likes the copper/gold ratio. You have to hedge yourself against the US.
BUY
It is frustrating when you see the GOLD companies coming in with excellent earnings and then selling off. Do not be psyched out of your gold stocks because we get these sell-offs. If you believe that governments will continue to print money then Gold is the currency that cannot be printed. Stick with it.
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