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
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.
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.
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