TSE:ABX

Barrick Mining (ABX.TO)

57.47
+1.66 (2.97%)
as of Aug 12, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconAug 12, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

Experts have mixed views on Barrick Mining (ABX-T), primarily weighing the company's strategic moves and the broader gold market dynamics. Several analysts have expressed concerns regarding Barrick's management of shareholder capital and their lagging production growth compared to other gold producers, with a notable preference for Agnico Eagle Mines (AEM) due to its safer mining jurisdictions. However, some see Barrick as a quality investment with tier-one assets and a strong strategic position, particularly in light of rising gold prices that could bolster earnings. The potential spin-off of non-core assets is viewed as a positive move aimed at isolating less risky ventures. Overall, while the enthusiasm for gold remains strong, especially with ongoing geopolitical uncertainty, Barrick's performance and management choices have led to a cautious outlook from some analysts who suggest looking to other gold names for better returns.

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Consensus
Mixed
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Valuation
Fair Value
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Similar
AgnicoEagle,AEM
BUY
If you are going to buy a gold stock you "gotta believe in gold". If you don't then, what's the point? (He believes, as much as $1000, or $600 this year). Some of his funds own Gold Corp, but not Barrick. He doesn't own it personally.
SELL
Has a problem with Barrick because of their hedge fund. They won't go up as high as other gold stocks because of it. On paper it's a billion or two dollar loss. He wouldn't buy a hedge stock. They will still rise, but he would switch to another gold that didn't have a hedge.
TOP PICK
Barrick Gold is the best outlook for 07 and 09. Stock is a liitle weak right now, under $31.00, good entry point. Predicts high 30's by the end of the year. He has held for a long time.
STRONG BUY
This is his number 2 stock. It should be in everyone's portfolio. It is undervalued. Major upside potential.
TOP PICK
This is a top pick. Buy under $32.00. Feels it is a good entry point. Integration will take a few quarters.
HOLD
It trades at a discount compared to its peer. It is a good company. He is hopeful that the company will turn it around.
TOP PICK
They've had a hedging program that has kept the stock lower, but he believes it is heading higher. He believes that we are in the tail of a bull market. He bought at $31.
BUY ON WEAKNESS
Long term trend support. Very stable gold company. Buying at a pull back is good. Good stock but better ones to own.
TOP PICK
Thinks it has potential, in this environment, to reach $40. They can create synergies, but expect they will have trouble accessing Placer Domes projects.
BUY
Becoming more positive on the golds. Thinks the takeover of Placer (PDG-T) is good. Placer has some excellent assets that they weren't managing properly. This gives Barrick a nice long growth path.
DON'T BUY
One of the most remarkable things about his company is that if you go back and look at the last 5, 10, 20 years you could have buried your money in the backyard and done just as well. Doesn't seem to matter what the price of gold is. Can understand why anybody would buy the stock.
WEAK BUY
Probably have somne decent growthg built in for the next 2/3 years, but needs something for down the road. The Placer (PDG-T) deal would make sense for them. Hedge position has been hurting them. Not uncomfortable with this. It just doesn't have the torque that some of the mid-size producers have.
TOP PICK
With all the excess profits in oil/gas, he expects money will start to flow to gold. Wanted to play it as conservatively as possible. Not happy with Placer Dome play.
DON'T BUY
Doesn't like golds. Has a model price of $22.68, a negative 26% differential. Hasn't been any value in this name for 2 or 3 years.
COMMENT
Issuing about 7.5 billion new shares, so there's no rush in buying this. However, if you want to be in a big liquid gold play, it is partially hedged, this one could be OK. Once the overhang of the Placer takeover is settled, the stock might start to move.
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