TSE:ABX

Barrick Mining (ABX.TO)

57.47
+1.66 (2.97%)
as of Aug 12, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconAug 12, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

Barrick Mining, traded under the symbol ABX-T, has attracted mixed opinions from various experts. Some analysts express a preference for Agnico Eagle Mines (AEM), citing its safer mining jurisdictions and better stewardship of shareholder capital. Despite recent resolutions with Newmont and the company's spinoff plans, doubts remain about Barrick's production growth and valuation, as it tends to lag behind its peers. Enthusiasts of gold remain bullish on the commodity, pointing to its potential as a diversifier amid global economic uncertainty. Consequently, while some analysts see potential in Barrick, there are significant concerns regarding its ability to capitalize effectively on the rising gold prices.

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Consensus
Mixed
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Valuation
Fair Value
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Similar
Agnico, AEM
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.
DON'T BUY
Prefers Agnico Eagle (AEM-T) and Goldcorp (G-T). Cost of production is too high so he doesn't see a lot of growth.
DON'T BUY
Trading approximately where it was in 2007. Probably the primary reason the gold index in Toronto has not done that well. Very choppy. If it breaks down through $40.30, look out below.
TOP PICK
Concerns on US recovery are deep and you should have some gold for protection. If $40 level does not hold out for the stock, look out as it could deliver a 30% loss..
HOLD
3 stocks he would look at in gold would be Barrick (ABX-T), GoldCorp (G-T) or Newmont (NMC-T). They are all seniors and well run. The problem is, gold stocks have not kept up with the commodity. Gold had been in a short-term bubble and is now coming off.
BUY
Have not added to positions recently. Issue at Cortez mine will eventually be resolved in their favour (environmental). They are one of the lower cost producers. They are a dominant player in the industry.
DON'T BUY
If buying gold, consider making an entry when it is at its 50-day moving average of about $1100. This company is the largest one in gold but he prefers owning the entire space so he would prefer iUnits Gold S&P/TSX ETF (XGD-T), which owns this company along with others.
BUY
(Market Call Minute) Doesn’t generally invest in this sector, but good strategy
DON'T BUY
Likes gold for the longer term but doesn't believe this company has great growth prospects. He owns Agnico-Eagle (AEM-T) and GoldCorp (G-T) whose costs of production is much lower.
TOP PICK
If you are interested in playing the bullion market, this is one of the “go to” stocks. One of the biggest global gold stocks and one that the institutions and US investors will buy. Got rid of their hedge. Big reserves. A good trading stock.
TOP PICK
This will be the “go to” name in the gold industry. Largest in the world producing 7.5 million ounces a year and has a good growth profile. Cash flow multiple looks very reasonable.
COMMENT
Not a huge fan of gold. Not sure if gold is a gold play or a US$ play. He doesn't see the demise of the US$ as others do. Some aspects of a bubble. OK as a hedge against inflation.
HOLD
(Market Call Minute) Price of gold has run up, due for correction, gold stocks have not run up so much so you might get another run in gold
DON'T BUY
Suspects that in closing out their hedge book they were partly responsible for gold going over $1200. Still the biggest gold company and has the most trouble to grow because of its size. Prefers companies with production growth.
BUY
Is the only gold stock he owns and never owned one before. Cheapest gold miner. There is plenty of upside. Cheap producer of gold.
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