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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Similar
AEM
PAST TOP PICK
(A Top Pick May 19/05. Up 8%.) Returning to be one of the more formidable mining companies. Expect them to be a leader in the next move up. Still likes.
DON'T BUY
The hedge book continues to sit there like a sore thumb. Doesn't care for this company.
BUY
Good transparency. Has a bunch of projects on the go that will move production from 5 to 7. Also has several mines which he thinks are going to have a growth profile. Undervalued.
COMMENT
Caller: Bull on gold. Sells PUTs out about 1.5 years on senior golds such as Placer (PDG-T) Barrick (ABX-T) or Newmont (NEM-N), and prepared to have the stocks sold to him at that price. Good idea? Answer: Great idea. Options on gold stocks are about the 4th decile in terms of their price (probably twice as expensive as options on the TSX (X-T) to give some perspective). This will give you a decent premium.
TOP PICK
A turn around. Its 3 year chart shows it has been sideways to slightly upwards. Expecting a 40% jump in gold production by 2007.
BUY
Owns both Placer Dome (PDG-T) and Barrick (ABX-T), but right now prefers Barrick which has the best growth profile amongst the majors. Hedges are still costing them a little bit but investors are starting to look that over a little bit. Barrick has falling costs and rising production, but that's not the case with Placer Dome. Drop in price is starting to represent some value.
WAIT
Keep a close eye on golds. His sector model indicates they are pretty sold out. Wait for buying to come back into the market. US$ has been strengthening against the Euro and there's been a very tight correlation with gold to the US$. Look for 1) stocks to rally along with the gold price and 2) gold starting to trade independently of the US$.
BUY
Likes the outlook for gold. Prefers Barrick Gold (ABX-T) over Placer Dome (PDG-T). Their prospects can be better assessed with the new mines and areas coming on. Placer Dome (PDG-T) doesn't have quite as robust a future for potential production going forward.
BUY
You should have some gold in your portfolio for diversification. Would start with a big gold company like this.
WAIT
Likes Barrick better than Placer Dome (PDG-T). It is cheaper. Gold could fall a bit further and that would be the time to add. All the gold stocks will do well over a long period of time.
BUY
Positive on gold and this is one of the biggest producers in the world.
BUY
His gold holdings were not very productive in '04, but sees a pretty reasonable future in this area. Barrick seems to have got its act together. Prefers Barrick over Placer Dome (PDG-T).
TOP PICK
Has one of the best growth profiles of the senior gold stocks with about 4 mines that should be able to come on in the next few years. Cheap valuation. Caught up in its hedge book, but as time goes on, it will be able to roll off its hedges.
DON'T BUY
Overvalued
BUY
Equally as good as Placer which was his Top Pick. They are embarking on 5 new mines they are bringing into production. Their gold production is really going to ramp up.
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