Barrick Mining (ABX.TO) Buy, Sell or Hold

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Barrick Mining (ABX.TO)

57.47

+1.66 (2.97%)

as of Aug 12, 2026, 8:00:00 pm Market Open.

594 watching

Investor Insights

Aug 12, 2026, 12:00 am

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

Barrick Mining, traded under the symbol ABX-T, has attracted mixed opinions from various experts. Some analysts express a preference for Agnico Eagle Mines (AEM), citing its safer mining jurisdictions and better stewardship of shareholder capital. Despite recent resolutions with Newmont and the company's spinoff plans, doubts remain about Barrick's production growth and valuation, as it tends to lag behind its peers. Enthusiasts of gold remain bullish on the commodity, pointing to its potential as a diversifier amid global economic uncertainty. Consequently, while some analysts see potential in Barrick, there are significant concerns regarding its ability to capitalize effectively on the rising gold prices.

Consensus

Mixed

Valuation

Fair Value

Similar

Agnico, AEM

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.

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.

Showing 451 to 465 of 919 entries

Most Recent Experts

Chris Blumas

at Raymond James Investment Counsel Ltd.

Shannon Saccocia, CIO, Boston Private

Boston Private

Joe Terranova

Virtus Investment Partners

Bryn Talkington

Requisite Capital Management

Brian Belski

BMO Capital Markets

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Barrick Mining (ABX.TO)