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
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.
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.
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