TSE:ABX

Barrick Mining (ABX.TO)

60.92
+1.03 (1.72%)
as of Sep 2, 2026, 3:55:35 pm Market Open.
594 watching
0
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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AEM
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.
BUY
Largest gold company globally. Under performed for a long time due to hedges but these were removed recently and thinks it could get value to a higher multiple. Should do very well if gold remained strong.
COMMENT
Brought in the majority of their hedge book on gold production. Raised over $4 billion to do so and are much more exposed to gold prices. If you want a pure play in gold, he would suggest GoldCorp (G-T), Kinross (K-T) or Yamana (YRI-T).
COMMENT
Canadian stocks have lagged gold because gold is priced in US$'s. Since Cdn$ has appreciated against US$, gold price movement has not been that much for them. Right now commodity is leading stocks so there is some potential for them to catch up.
COMMENT
No longer has hedges so looks much different now. Expecting big gold stocks willbe on the acquisition trail as it will be very difficult to keep the reserves up and this is a challenge for companies like this, GoldCorp (G-T) and all large golds. Look for smaller golds that have a resource that could be coming on anytime soon.
BUY
Everybody is jumping on the gold bandwagon. Best way to play gold is to buy a low-cost producer with low price to cash flow. This one has a lot of upside with one of the cheaper multiples of all the peers.
BUY
Removed all their hedges and the stock moved up. Based on a point-figure reading the stock is probably heading towards $50 possibly. To be on the safe side, your stoploss should be at around the $35-$36 level.
BUY ON WEAKNESS
Would buy on weakness. Low $30's would be really nice.
PAST TOP PICK
(A Top Pick Oct 2/08. Up 17.6%.)
DON'T BUY
We are in the gold buying season, but it is a well know fact and you have to look for less widely known facts. Is their best among the group but they would not run out and buy gold. Would rather be in stocks than gold.
WATCH
Doesn't know if they have done anything yet to cover their hedge book but will probably know in Q3 when they come out with their results. Reporting on the 29th and he is hoping the full information will be available.
BUY
Recently did a very large equity issue and are now taking off all their hedges so expects it will be re-valued upwards.
BUY
Likes what they did with the hedge book. They may start to get more respect soon. Added it as a core position.
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