TSE:ABX

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
star iconJun 25, 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), reflecting a combination of optimism about gold's long-term prospects and concerns about Barrick's operational performance and stewardship of shareholder capital. While some analysts highlight gold's role as a diversifier and portfolio insurance amid rising global uncertainties, others criticize Barrick for lagging in production growth and facing operational challenges in regions like Mali. The company's recent strategies, including spinoffs and a focus on copper, are considered both an opportunity and a risk by different experts. Overall, sentiment towards Barrick is cautious but acknowledges the potential for future gains, depending on broader gold market conditions and production efficiency.

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Consensus
Mixed
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Valuation
Fair Value
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AEM
DON'T BUY
He has never owned a gold stock in his life. ABX is probably valued at the same stock price as it was 35 years ago. Gold has not done well even with the threat of inflation. There seems to be an inverse relationship between interest rates and gold prices, so if the Fed does raise rates, it is hard to see gold do anything. You are better to find companies that have more consistent earnings and pay dividends out of regular cash flow.
WEAK BUY
He's been wrong about gold for a while. He expected gold to do better; money hasn't shifted to gold in anticipation of inflation. Instead, money has moved into cryptos. Gold remains a storer of value though. Still uncertain what will be the dominant currency for governments. ABX is a conservative way to play gold. He likes the gold sector.
BUY
Not a bargain price, but towards the lower end of its 52-week range. Correlation between gold and inflation is not as strong as is believed. Well managed, well run, proven themselves over the last few years. No problems owning it. He owns NGT instead.
PAST TOP PICK
(A Top Pick Jul 09/21, Down 13%) He would buy it again. We are seeing decent support. Gold is the play if you think inflation will not be as transitory as previously thought. Gold should perform well. He may be adding to it. This one can maintain margin with increasing energy costs.
DON'T BUY
Major gold mining company. Where it will be in 5 years depends on its margins. Very labour- and capital-intensive. Price is set on the global market. If you want exposure to gold, eliminate the middleman and buy a gold bar or an ETF.
HOLD

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company is a hold until the sector improves. The company should do well in the long run though gold stocks have seen underperformance. ABX is large and has good cash flow generation. Unlock Premium - Try 5i Free

PAST TOP PICK
(A Top Pick Sep 08/20, Down 33%) Still really likes the name. Top quality. He expects real interest rates to be negative, and this is a good environment for gold. Gold price has languished, in favour of crypto. Will have zero debt next year. You need to own gold, and he has a 5% weighting.
PAST TOP PICK
(A Top Pick Aug 28/20, Down 33%) Gold is important as a hard asset. Gold has not moved with inflation expectations however. Would never have imagined gold would come down to these levels. Around $25, it is a good risk-reward payoff. Could go up 50% if interest comes back to this space.
DON'T BUY
She doesn't own any gold producers. Hard to forecast gold prices. She prefers the senior producers with strong balance sheets and diversified geographically. USD continues to perform quite well. See what happens with inflation. Seeing encouraging signs that the sharp upward mood of inflation will moderate in months to come. Not necessary to own gold.
TOP PICK
A good opportunity in Barrick. Well run. Could be a good alternative investment to bonds. (Analysts’ price target is $35.11)
DON'T BUY
He has never owned a gold stock in his life. 25 years ago it was about the same price as today. There has been no value created over the long haul. It is more expensive to create an oz of gold now than then. Gold is near a high and ABX-T has not done well. Investors would be better off buying businesses that generate growth over time.
BUY
The USD should roll over more from here. Gold stocks look cheap even if you are not bullish. Stocks are as cheap as they have been in decades. Worth owning. Doesn't have much growth in production. Would recommend having a position in gold. For gold, real interest rates is important. Would recommend 5-6% weighting in precious metals for portfolios.
DON'T BUY
The have a ten year plan to have a five million ounce per year production profile without opening any more mines. They will bring down capital expenditures. They will be generating a lot of cash but his opinion depends on what they will do with all that cash. It is hard for a company of this size to grow. The mid tier companies are in the sweet spot and that is where he looks. See his Top Picks today.
PARTIAL BUY
He owns it as a diversifier out of paper currency and into hard assets. It has a place in the portfolio. He suggests 2% only, however.
COMMENT

The price of gold peaked a number of months ago. Gold stocks came down with it. Prices are starting to come back and equities are starting to respond as well. A lot of attention to gold has gone into Bitcoin and other digital currencies. It is coming back to gold. The gold-copper ratio is also improving for gold. Prefers Franco Nevada, but with the commodity cycle continuing, gold will participate more in general.

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