TSE:ABX

Barrick Mining (ABX.TO)

55.91
-3.54 (5.95%)
as of Jun 5, 2026, 5:11:05 pm Market Open.
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Investor Insights
star iconJun 5, 2026, 12:00 am

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

Barrick Mining (ABX-T) is viewed positively by several experts, particularly in the context of rising gold prices and its role as a portfolio diversifier amidst economic uncertainty. Some analysts highlight its strategic position and tier-1 assets, mentioning the company's strong balance sheet and growing copper exposure as advantageous. However, there are concerns regarding the impact of leadership changes, potential production growth limitations, and operational challenges, especially in regions like Mali. Overall, while there is enthusiasm for gold as an asset class, opinions vary on Barrick's investment quality, with some preferring other gold miners like Agnico Eagle Mines. Despite some negative sentiments, a few experts indicate Barrick's recent improvements and attractiveness within the sector.

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Consensus
Mixed
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Valuation
Fair Value
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Similar
AEM
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.
TOP PICK
Sticking with it. 10x earnings and will keep increasing dividend. Copper also. They are doing the right kind of thing and will increase shareholder value over time.
DON'T BUY
Prefers G-T because there is a clear path to production growth for the next few years.
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