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
0
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.

consensus icon
Consensus
Mixed
valuation icon
Valuation
Fair Value
review icon
Similar
AEM
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.
TOP PICK
You don’t want to be without gold. This one is getting a little more respect than other because of what they have done with the hedge book. Elephants don’t gallop. It has a long way to go. Gold stocks will continue to act well.
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.
Showing 466 to 480 of 920 entries