TSE:ABX

Barrick Mining (ABX.TO)

59.45
+1.24 (2.13%)
as of Jun 4, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 4, 2026, 12:00 am

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

Barrick Mining (ABX-T) has garnered mixed reviews from experts, with some bullish on the gold sector and the company's positioning within it. Analysts highlight its potential as a safe haven during periods of economic uncertainty, particularly with ongoing geopolitical tensions. However, concerns regarding the production growth and valuation compared to peers are prevalent, with some suggesting that Barrick's recent rise is more reflective of increasing gold prices rather than its operational efficacy. Additionally, challenges in specific regions, such as Mali and rising operational costs in Nevada, introduce uncertainties around the company’s future performance. Overall, while it holds strategic assets and a solid dividend yield, the stock’s growth potential remains debated among analysts.

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Consensus
Mixed
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Valuation
Fair Value
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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.
WEAK BUY
Gold companies are a play on the US$ at this time. If you buy, it might as well be one with good resources and has a history of making money. Would rather buy this than a junior explorer.
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