Barrick Mining (ABX.TO) Buy, Sell or Hold

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Barrick Mining (ABX.TO)

59.89

-2.27 (3.65%)

as of Sep 1, 2026, 8:00:00 pm Market Open.

594 watching

Investor Insights

Sep 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.

Consensus

Mixed

Valuation

Fair Value

Similar

AEM

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.

TOP PICK

At this stage in the market, everybody should have a gold stock (10%) in their portfolio. We are in the last third of the bull market and golds are now starting to pick up. Watch for $28/29, but it should not happen.

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.

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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.

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Barrick Mining (ABX.TO)