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
TOP PICK
Started de-hedging at the beginning of the year. The hedge book is looking much healthier. The world's largest gold producer.
PAST TOP PICK
(A Top Pick Mar 26/06. Down 2.8%.) Before today's meltdown, it would have still been up. In the interim, has been as high as $38. Has hacked their hedge book down to 9%. Would be a buyer at this price.
DON'T BUY
Has-been range bound for the last 6 years even though gold goes up and down.
TOP PICK
(A Top Pick Nov 24/05. Up 7%.) Reduced their hedge book in the last quarter by almost 6 million ounces.
TOP PICK
(A Top Pick Mar 6/05. Up 10%.) Lowered their hedge book, which are now less than 10%, in the last quarter. Bought it for its production growth and its valuation.
BUY
Re: selling puts on this stock. This basically says the investor is obligated to buy the stock at the strike price of the put option until the option expires. Not a bad way to play gold.
DON'T BUY
Doesn't buy gold stocks due to the difficulty in forecasting the price of gold. Gold has now moved way past anyone's expectations making gold stocks vulnerable.
BUY
Most gold companies can make very good money at $400 an ounce. This one is hedged forward which they are trying to unwind. Their production has been a relatively flat but is starting to rise in 2007. Likes the new management.
BUY
Have been letting their hedge book roll off. Their merger with Placer was a very good deal and will be able to get a lot of synergies of this. There will be a much better production profile over the next couple of years.
DON'T BUY
The way gold has been reacting lately, this stock good improve significantly if gold continues to rise. Not sure that gold can sustain its fast rise.
DON'T BUY
Gold stocks have done well for at least 6 months. This stock has not kept up because of its hedges.
BUY
A solid company. One of the biggest now. A more conservative company. Not a bad one to own if you like conservative companies.
DON'T BUY
His last balance sheet is from December/05. They did a deal with Placer Dome which has yet to go on their balance sheet. Earnings estimates continue to go up. For the first time in 15 years, he has a model price that is close to the current price. His model price is $29.35.
WEAK BUY
This is not on the top of his list as a quality gold stock. The most hedged company out there. Has been making some slow, steady rises over the past few years. If you want to buy into it, the present pullback would be the time.
SELL
In spite of the increasing gold prices, the price of the stock stays pretty much the same through the years. Would own something that is a little more agile with a little more leverage to gold.
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