TSE:ABX

Barrick Mining (ABX.TO)

59.89
-2.27 (3.65%)
as of Sep 1, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconSep 1, 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 a mixed set of reviews from experts, reflecting varied opinions on its current investment potential. Some analysts highlight the company's geographic diversification and copper exposure, praising its recent performance alongside the rise in gold prices. However, several experts prefer peers like Agnico Eagle Mines (AEM) due to perceived safer mining jurisdictions and better management of shareholder capital. Issues surrounding a recent joint venture dispute with Newmont have also contributed to a drop in shares, and concerns linger about Barrick's production growth and valuation. On the technical side, some analysts see bullish momentum surrounding Barrick, though questions regarding its long-term sustainability are evident. Overall, the gold sector remains uncertain amidst shifting economic conditions and global conflict, impacting investment sentiment towards Barrick Mining.

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Consensus
Mixed
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Valuation
Fair Value
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AEM
PAST TOP PICK
(Top Pick Oct 5/07, Down 5%) Likes the company – had a roller-coaster year after one heck of a year. Excellent balance sheet, well run company.
TOP PICK
Doesn't want developing companies. Wants senior producers in stable economies, governments and countries and this one fits the bill.
COMMENT
There is a shortage of gold, but there are cost overruns getting the gold out of the ground for this company.
COMMENT
Stock price of this company has a very close correlation to the price of gold. Gold has been falling because of deflation fears.
COMMENT
Would prefer other gold producers. Very difficult for the biggest to grow. Gold will give you a great trade upward but he doesn't know when.
BUY
His model price is $39.34, a positive 33% differential. Thinks all the gold stocks are due for a bounce as they have gone down a long ways.
PAST TOP PICK
(A Top Pick Sept 18/07. Down 17%.) As an active manager he was stopped out twice, both when they were near their tops. Did very well on this one.
DON'T BUY
You have to make a decision whether you want to own gold through an ETF or a gold company. He prefers the commodity through streetTracks Gold (GLD-N) as it smooths out the performance and you don't have to worry about operations and costs of mining companies.
TOP PICK
Terrific balance sheet with terrific upside potential. Not on a technical support right now so there is some risk but is fairly cheap on its own history.
DON'T BUY
Not a great fan of this company, primarily because of its outside hedge position. Feels this will be a considerable liability to them. Their mines are running out and will have to be replaced by lesser mines.
DON'T BUY
(Market Call Minute.) In 2012, he doesn’t know where their additional gold is coming from.
DON'T BUY
Doesn't like this company. Can't see where growth is coming from except through acquisitions. A hard business to constantly be making acquisitions. Prefers Goldcorp (G-T), which is the lowest cost producer. Gold stocks are probably a Buy in the next little while. Thinks gold will test $800, which is a good buying opportunity at that time.
COMMENT
Main gold name out there. May have called the top on the oil market when they acquired Cadence Energy in order to hedge their oil usage. Have just bought another related oil patch. Gold prices have been collapsing, which is why the stock is down.
BUY
Thinks every portfolio should have 7% to 10% in gold as an offset to declines in the US$. This is an excellent operator. Lots of projects coming on. Good profit margins.
COMMENT
Gold ought to be doing better than it is. It is failing to do so and that suggests that maybe it is not going to be the market's choice during inflation.
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