TSE:ABX

Barrick Mining (ABX.TO)

54.91
-4.54 (7.64%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 5, 2026, 12:00 am

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

Barrick Mining (ABX-T) is viewed positively by several experts, particularly in the context of rising gold prices and its role as a portfolio diversifier amidst economic uncertainty. Some analysts highlight its strategic position and tier-1 assets, mentioning the company's strong balance sheet and growing copper exposure as advantageous. However, there are concerns regarding the impact of leadership changes, potential production growth limitations, and operational challenges, especially in regions like Mali. Overall, while there is enthusiasm for gold as an asset class, opinions vary on Barrick's investment quality, with some preferring other gold miners like Agnico Eagle Mines. Despite some negative sentiments, a few experts indicate Barrick's recent improvements and attractiveness within the sector.

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Consensus
Mixed
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Valuation
Fair Value
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AEM
WAIT
Typically it moves from middle of July until end of December, Great trade in Jul or August of this year.
DON'T BUY
His model price is $46.83 so it is fully priced here. This is a stock you should trade, not own. This one can have a pullback to around $36, which is where he would probably Buy. When it gets around $45-$46, take your profits.
TOP PICK
In gold, prefers larger cap blue-chip type company. Good management. Split their African assets off into a separately traded company.
COMMENT
Has gone with this one for quite a while and it has worked out quite nicely. If you are looking for a smaller Stock that was cheap, he would look to Yamana (YRI-T), which sells at 1.2X Book. (See Top Picks.)
BUY
Dividend under 1%. Good free cash flow. You own this one because you want exposure to gold as an alternative currency.
BUY
25% of its gold production is in Australia, which has just levied a super tax on gold profits. Could see the stock hitting $50 very shortly. Gold does well in May for a brief time and then pulls back in June. Middle of July when gold tends to pick up again.
DON'T BUY
(Market Call Minute.) Has a lot of operations in Australia and the new Australian tax makes him a little bit wary.
BUY
GoldCorp (G-T) or Barrick (ABX-T)? Barrick is cheaper on a historical valuation basis but got hit on Australia’s plan to impose 40% on profits. 17% of its revenue is from Australia. He is looking for 30% growth in cash flow over the next 3 years.
COMMENT
Gold is one of his favourite commodities because of the US deficits. $1500 is not a bad target for gold for this year. Prefers mid-cap producers in the golds.
BUY
Doesn't seem to move with the price of gold but this is where the opportunity is. New management cleared off the hedge book and separated out the African assets and thinks they could get back to a premium multiple on it. Exceptionally cheap.
COMMENT
Has been stuck in the $40 range for a long time. Hedges are now all gone. If gold goes up again, this company is positioned to benefit and the stock could make some serious progress to over $50.
DON'T BUY
Gold equities group is behaving very poorly technically. Gold prices rallied close to highs but stocks didn't come anywhere close. This is one of the weaker performers in the group and he is Shorting it.
BUY
Probably a good time to start picking up gold investments. Longer term she has a positive view on the price of gold. This is one of the larger tier 1 producers and will benefit as gold prices go up. High quality company. Prefers Yamana (YRI-T).
SELL
A proxy for gold bullion. Prefers GoldCorp (G-T) because of their production growth and low cash costs and are expected to increase production by about 50% by 2013.
DON'T BUY
Why is this company way down and Yamana (YRI-T) is way up? Barrick is not a low-cost producer compared to others. Also it does not have the same growth profile nor is it a low-cost producer.
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