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
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.
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.
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