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.

consensus icon
Consensus
Mixed
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Valuation
Fair Value
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Similar
AEM
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.
BUY
Thanks gold will stay above the $1100 range for the foreseeable future. This is the cheapest of all the major gold companies. Great suite of assets.
TOP PICK

(Top Sell) Sell October 40 Puts @ $3.80. Any of the 6 or 7 major gold stocks tend to be flattish. Writing options is very attractive because option premiums are usually pretty rich, reflecting that the stocks have pretty wide intraday moves but very little trend in any of them.

DON'T BUY
Prefers smaller gold companies, which gives better movement. Expects gold will be in a trading range of $1100-$1200 so you want companies with production growth. Prefers Eldorado (ELD-T), Goldcorp (G-T), Iamgold (IMG-T) and Kinross (K-T).
COMMENT
Spun off their African project into a separate company. Thinks this is going to be the new news in the majors in order to get a bigger bang for shareholders.
BUY
Likes the liquidity and safety. Likes the quality of the assets. Would buy it.
BUY
Africa is a interesting part of the story. Company had the danger of being the Exon of the gold business. This is an attractive transaction for the company.
COMMENT
They are going to spin out their African assets. Companies of this size are always buying or selling something. It’s often hard to see these things moving the needle. It might be a nice little nest egg for them. If they complete the unwinding of their hedge it could appreciate.
HOLD
As price of gold went up, gold companies have not gone up as much. He says he doesn’t understand gold.
DON'T BUY
Prefers others because they have good growth and low cost of production. Doesn’t see where the growth will come in this one. They are making a lot of changes and possibly he will think of switching at some point in time.
WEAK BUY
Moves up and down with the gold price. With hedge book gone it appeals to a whole new set of purchasers. He owns Gold Corp. Higher gold prices’ earnings would be pumped back into business or into dividends.
BUY
Biggest gold company globally. Stock is where it was a year ago even though gold is up substantially. Golds are so cheap now relative to the price of gold. Very strong support at the bottom of its channel where it is sitting now.
DON'T BUY
The largest name in gold. Had some decent earnings in the last quarter and will be reporting again in a couple of weeks. This may not be your best leveraged name when looking at gold. He would prefer some of the mid-cap smaller names. You could own Gold S&P/TSX ETF (XGD-T) as this is the largest name in this as well giving you exposure to other names.
COMMENT
His theory is that these are the ones that pushed gold to the mini-peak because they were unwinding their hedge. Gold is currently in a natural pullback. Technically, gold could go down a little bit more. If you think gold is going higher, this would be a Hold.
BUY
As a value investor it has always been difficult for him to buy gold stocks. Likes this one and Goldcorp (G-T). This one is a benchmark and dominant player in the gold industry. Long-term fundamentals for gold against the US$ is good but you could see gold pull back.
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