TSE:ABX

Barrick Mining (ABX.TO)

60.92
+1.03 (1.72%)
as of Sep 2, 2026, 3:55:35 pm Market Open.
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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.

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Consensus
Mixed
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Valuation
Fair Value
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Similar
AEM
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.
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.
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