Barrick Mining (ABX.TO) Buy, Sell or Hold

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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

Jun 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.

Consensus

Mixed

Valuation

Fair Value

Similar

AEM

WAIT

Traditionally there is a ratio of bullion being 4X to 6X of gold stocks. This went up substantially last fall to a record of 11.7X. That was a great time to purchase gold stocks. It is still trading above 7X. Because of this, he is expecting gold stocks to outperform gold seasonally between July 27 and the end of September.

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BUY

Got more bullish on Gold recently. Adding more to his exposure recently. Good industry proxy. Wont be the best performer, but it’s the biggest and easiest to play.

SELL

Does not think Gold is going up. He is shorting ABX

BUY

The most defensive of the major golds. You could start to accumulate it at these levels for a 2-3 year hold. The value looks the best amongst the golds.

BUY

Bought in fall because it moves in opposite direction of stock market. Concerned about eventual inflation in US economy after 2011. All the money being printed will result in higher inflation. Expects inflation highest since recession of early ‘80s. Buying as a hedge against inflation.

COMMENT

He is over weighted on gold. This one has a hedge program on, which is why some people are not as fussy on it. If you want a pure play, Goldcorp (G-T) is a direct play. Costs are roughly the same. (Also owns Goldcorp and Kinross (K-T).)

COMMENT

Very positive on gold. Longer term he expects it to get to the $1300 level. Largest gold reserves in the industry. Prefers Eldorado (ELD-T), which is more of a pure gold play.

PAST TOP PICK

(A Top Pick Apr 21/08. Down 2%.) Bought shares and sold June $46 Calls at $1.75. Turned out stock was not above strike price so he kept the stock. Would have continued writing Call options because the gold sector is an area where covered option writing is a superior strategy compared to just owning the gold stock because they have a lot of the delay but don't go very far.

TOP PICK

He wants to own Barrick but not at these prices. Wrote an April $25(US) Put giving him $2.45. If Barrick drops below $25, he is forced to buy it, which he is happy to do. (You can't do it now because of stock price but you might want to sell a $30 Put option which would give you about $1.)

PAST TOP PICK

(A Top Pick Feb 8/08. Down 27.3 %.)

BUY

(Market Call Minute.) Really likes the gold sector. Still the 900 pound gorilla in gold.

TOP PICK

(A Top Pick March 26/08. Up 25.2%.) Held in very nicely last year. Best of the golds and given the current situation, he thinks you have to have golds.

BUY

Gold stocks have advanced a long way. This one is a double off the bottom. What you are really buying is ounces in the ground and these guys have 130 million ounces of resource.

COMMENT

One of the biggest gold companies globally. Has less leverage compared to a small junior company that has a lot of production coming on. However, they do have a great line up of mines and they are well managed. Should perform as well as the sector.

DON'T BUY

Gold trades on inflation. Despite the hoarding of money, lower interest rates and printing of money there is no inflation yet. Could be in 2 or 3 years time. His valuation on gold is neutral. Has a problem with Barrick as production comes off in 4 years. He wants a company that produces gold cheaper and has a growth profile.

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Barrick Mining (ABX.TO)