TSE:ABX

Barrick Mining (ABX.TO)

60.92
+1.03 (1.72%)
as of Sep 2, 2026, 3:55:35 pm Market Open.
594 watching
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Investor Insights
star iconSep 2, 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 mixed reviews from experts, highlighting both its positive aspects and notable concerns. Some analysts commend its geographic diversification and copper exposure, ranking it high on fundamentals and considering it a solid investment for the current economic climate. However, there are significant reservations regarding its management of shareholder capital, with comparisons drawn to its competitor, Agnico Eagle Mines (AEM), which is perceived as a safer bet due to its mining jurisdictions. While the recent agreement with Newmont brought some optimism, the stock has shown volatility, which leaves some experts wary about its ability to sustain growth, especially considering the backdrop of fluctuating gold prices and broader economic uncertainties. Overall, there is a recognition of gold's long-term value, yet skepticism regarding Barrick's ability to capitalize on it effectively persists.

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Consensus
Mixed
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Valuation
Fair Value
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Similar
AEM
PAST TOP PICK
(Top Pick Nov 30/09, Up 10.63%)
TOP PICK
Long Barrick Gold & Sell calls @$50, taking 3.6% for 43 days. Designed to generate income. It’s a different way to play gold. You are harvesting money.
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.
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