TSE:ABX

Barrick Mining (ABX.TO)

55.91
-3.54 (5.95%)
as of Jun 5, 2026, 5:11:05 pm Market Open.
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Investor Insights
star iconJun 5, 2026, 12:00 am

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

Barrick Mining (ABX-T) is viewed positively by several experts, particularly in the context of rising gold prices and its role as a portfolio diversifier amidst economic uncertainty. Some analysts highlight its strategic position and tier-1 assets, mentioning the company's strong balance sheet and growing copper exposure as advantageous. However, there are concerns regarding the impact of leadership changes, potential production growth limitations, and operational challenges, especially in regions like Mali. Overall, while there is enthusiasm for gold as an asset class, opinions vary on Barrick's investment quality, with some preferring other gold miners like Agnico Eagle Mines. Despite some negative sentiments, a few experts indicate Barrick's recent improvements and attractiveness within the sector.

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Consensus
Mixed
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Valuation
Fair Value
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Similar
AEM
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.
BUY
Just completed removal of their last hedges. Not been a fan because of the hedge books but has been buying for the last couple of months. A lot of upside as it catches up to the valuation of many of its peers.
TOP PICK
Decent production growth going forward. Brought in their hedge book. New management is in place. Sector is undervalued and this is the larger player. Doesn't see much political risks with their projects.
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