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

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Barrick Mining (ABX.TO)

53.06

+1.71 (3.32%)

as of Jul 22, 2026, 3:05:10 pm Market Open.

594 watching

Investor Insights

Jul 22, 2026, 12:00 am

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

Barrick Mining (ABX-T) has garnered mixed reviews from experts, with differing opinions on its investment potential amid shifting market dynamics. While some maintain a positive outlook on gold due to ongoing central bank purchases and geopolitical uncertainties, others express concerns over Barrick's stewardship of shareholder capital and lagging production growth. The recent spinoff of North American assets has positioned the company within safer mining jurisdictions, yet valuation concerns remain as analysts debate its performance relative to peers. The stock has shown signs of recovery recently, attributed to rising gold prices, but experts warn that sustained performance may hinge on the company's ability to deliver consistent earnings amid volatile market conditions.

Consensus

Mixed

Valuation

Fair Value

Similar

AEM

WEAK BUY

If you want exposure to gold, this is one you can buy with confidence. Management doing a good job. These companies don't fit with his firm's view of the world, since their profitability tends to below market average. Despite the pullback, he wouldn't be interested.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Sep 13/22, Down 10%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with ABX has triggered its stop at $18.50. To remain disciplined, we recommend covering the position at this time.

COMMENT

Producers have had problems with labour and input costs as well the declining price of gold. Think of gold as another currency. He would need to see gold at $2000 before getting excited about it.

BUY

The miners are very cheap. The question is what's going to happen to the commodity, because you have to make your call on it before you look at the businesses. If the price of gold goes sideways, those companies won't do much. Right now, he likes stocks better than royalties. Royalty companies are better to have once things get going. Stocks like AEM, NGT and ABX are really down, and that's a better way to play now.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly With market uncertainty mounting along with fears of continued inflation, ABX is a TOP PICK. Unlike other precious metal miners, like NGT, it trades at only 14x earnings and has a sustainable dividend that is less than 30% of earnings. We recommend placing a stop loss at $18.50, looking to achieve $29.50 -- upside potential over 40%. Yield 3.8% (Analysts’ price target is $29.75)

DON'T BUY

Gold sector has been difficult, especially for the large caps. Very strong USD has held them back. Avoid. Look at some of the mid-sized companies. Gold has an interesting technical setup, so keep an eye on it.

COMMENT

People are struggling to figure out how gold stocks react in this environment. Not cheap at 15x 2023. Slightly higher costs. Copper beat. If interest rates are going up, cost for gold goes down. Producers have to contend with that. He thinks price of gold is going down. Do you want to pay 15x for declining EPS profile? If you think rates are going down, and gold is going up, then this is a fine trade.

DON'T BUY

Gold will probably do well as inflation comes off and interest rates decline, which he predicts in coming months. However, gold producers don't control the price of their product and it costs a lot to excavate that gold.

WEAK BUY

ABX vs. AGI Agrees that gold is going higher. Doesn't own ABX or AGI. If you believe gold is going higher, do you want the high torque name, or the big diversified large cap? The answer depends on your conviction in the direction of gold. His firm is conservative, so they'd pick ABX. ABX has a better management team and asset base and is more diversified. AGI is more concentrated in 3-4 mines, so the risk is higher.

DON'T BUY

He's not into gold miners. The gold price may rally, but a company needs to mine gold, which involves sharply rising costs these days. He models $26, though it could go to $37.63 based on positive momentum, but its earnings won't move. He won't buy it here. He much prefers physical gold over gold miners.

PAST TOP PICK

(A Top Pick Jul 09/21, Up 22.51%) He likes it for being stable and being the largest player in the world. The price of gold will remain high because of inflation concerns and the Russian war.

BUY ON WEAKNESS

Has become more shareholder friendly. Capable CEO. Fairly strong results today. Keep your eye on it in the space. Well run. Inflation could put pressure on commodity producers and give you a better entry point.

BUY

For older clients looking for 1-2 companies, it's great. Good dividend. A buy, with a $32 target. Solid. For cashflow, he'd rather have a small company. 30% of its geopolitical areas are dodgy, his only concern. They have leverage to the gold price. See his Top Picks.

BUY ON WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The whole sector has not moved much. It is cheap. Pays a nice dividend at 2% that is growing. Gold should do well with all the money being flooded in. Higher interest rates could hurt the sector. Exposure is warranted as insurance, and also for gains, however. Unlock Premium - Try 5i Free

COMMENT

Believes safer than other gold companies, however better gold investments out there. Low interest rates have not rewarded gold which is a problem. Gold companies at multi-decade low valuations. Strength of US dollar is a headwind for value of gold. Crypto currencies taking investment away from gold producers as inflation hedge.

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Barrick Mining (ABX.TO)