TSE:ABX

Barrick Mining (ABX.TO)

52.09
+0.23 (0.44%)
as of Jun 25, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 25, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

The outlook for Barrick Mining (ABX-T) is mixed according to various experts. While some analysts express caution due to the company's historical issues with shareholder capital stewardship and production growth, others highlight its strategic positioning and recent performance spikes driven by rising gold prices. There is a consensus that gold remains a valuable diversifier in uncertain economic times, despite differing opinions on Barrick's actual operational efficiency and valuation compared to its peers. Some experts see potential for ABX-T to continue benefiting from the global demand for gold, while others suggest a shift toward other gold companies could be wise. The impact of geopolitical factors and the company's operational challenges, particularly in Mali and high costs in Nevada, are also significant considerations.

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Consensus
Mixed
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Valuation
Fair Value
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AEM
BUY
Intrigued by copper diversification. Prefers junior players.
COMMENT
This company has lagged the gold sector. Presuming there is the expected temporary pullback in gold, which resumes upwards, this one should be higher than the current price. Stock has lagged because of their Equinox acquisition if copper and gold move up, this company should do fine.
WAIT
Was a little miffed by their acquisition of a copper company earlier in the year. Now feels this copper acquisition will be very cash flow generative for the company. Likes it for the growth profile. Good management. Wait for the US debt issue to be settled.
BUY
Being punished because of their acquisition of a copper company. One of the biggest companies in gold and if you own, you'll benefit from the whole up trend in gold. There are other companies with more leverage to gold.
TOP PICK
You’ve got to have a core holding of gold stocks in your portfolio. The best managed and best run of the gold stocks. Americans are going to panic about the forthcoming elections.
TOP PICK
His model price is $66.94 giving it a 51% upside. With the recent acquisition the model price differential will come down by about 15%-18%. Cheap at this price.
COMMENT
Chose to take a significant position in copper, interestingly at a time when gold was at all-time highs. Copper is very economically sensitive. Investors are now muddled when they look at this company. Feels this company will now have a disadvantage to other gold companies, unless copper starts to run again.
DON'T BUY
They made a big bet on copper and they will have to spend a lot of money to build it out. Gold trades at a higher multiple than copper and this will be a challenge for him. Prefers G-T
TOP PICK
Covered Call Write. Buy at $42.60, Sell Oct 44 Calls at $2.20. This has you owning this company at about $40 a share and you should be fine. Small dividend.
TOP PICK
The world's largest gold producer and the benchmark. Have a good raft of projects to carry them forward over the next few years. Pretty reasonable multiples at the current price.
PAST TOP PICK
(A Top Pick Feb 15/11. Down 12.17%.) Off because of the Equinox acquisition for the copper. A lot of investors wanted a pure gold play. Trading at around 12x earnings and the copper assets are going to be very accretive. Still likes.
DON'T BUY
There are a lot of experts that think gold is going to $2,000. But if it does then oil will be $200. Problems in Africa, aid workers shot, gold poachers. ABX is in the process of buying Equinox. Copper prospect in Pakistan, which is taking them out of gold. The big gold stocks have trouble rising. The smaller ones tend to do better.
DON'T BUY
Fantastic management and great cost structure. Cheapest gold stock out there. Suffers from being so large. Thought their acquisition of the copper play was bizarre. Expect it will continue to under perform.
PAST TOP PICK
(Top Pick May 25/10, Down 4.11%) Continues to think it is a very cheap stock.
BUY
If you picked Barrack to be your gold exposure, this is a good one. It is too bug to grow. The people running it understand that. He likes it, but there is not enough growth to interest him.
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