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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Similar
AEM
WAIT
The big gold stocks have been disappointing. We are going to come to a point somewhere the gold industry attracts new money into it. That is where the ABX will come into it.
TOP PICK
He is looking to take the leveraged play out for the investor. He wants people to make money if gold continues to go higher. If gold dropped, mid tier stocks would get hammered. It’s a defensive gold selection.
HOLD
Although gold is moving up, this stock is not moving much and could be because of the resurgence in oil prices. Mining stocks are energy intensive, which eats into the profits.
TOP PICK
Buy the stock ($48.10) and Sell the April 2011 $48 Call giving a premium of $4.20. Covered Call strategy. Not a gold bug but thinks gold could go a little higher. Option writing is a great strategy on gold stocks.
COMMENT
If the price of gold is sustainable, the current price is too cheap. Doesn't have hedges in place anymore. If you are a gold believer, this is inexpensive.
BUY
Gold prices are up about 15%-18% from the beginning of the year and the stock is up about 13%. Has lagged a bit but has done a reasonably good job. Largest gold producer with almost 8 million ounces per year. Definitely having problems growing production. Generating a lot of cash and expect they will be acquiring.
COMMENT
Tremendous company. Because it is so big, it is difficult for it to get growth.
DON'T BUY
Very large company so it takes a lot more things to help it go higher. It will react to the price of gold over a period of time but not on a short-term basis. Prefers others.
DON'T BUY
Been under pressure. He recently did some switching into other golds as well as Silver Wheaton (SLW-T). Also likes Goldcorp (G-T) better. If you haven't got gold, it's better to have this one than none.
PAST TOP PICK
(A Top Pick Aug 28/09. Up 22%.) Still likes. If you like gold and you prefer gold equities and you have a reasonable sized portfolio you have to own this one.
DON'T BUY
His model price is $47.74 so it is bang on its model price. If it dipped into the $35-$38 area it would be a Buy. Anything over $50-$52 he would Sell.
TOP PICK
Looking for a strong 2nd half. Trades at about a 2/3rds discount to some of the other majors.
PAST TOP PICK
(A Top Pick Aug 28/09. Up 15%.) This is a bellwether. Expecting it to get above its highs.
DON'T BUY
Has been going through the $42 level for the last 3 years. Smaller exploration companies will do better in this environment if you are trying to play gold. He would avoid gold.
BUY
Gone up pretty nicely lately. Only gold stock he owns. Still more room to go up. It’s a good price for it.
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