TSE:ABX

Barrick Mining (ABX.TO)

57.66
+1.85 (3.31%)
as of Aug 12, 2026, 5:56:35 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
Thinks the US dollar will stay decently strong for the next six months. We'll probably drop over the next few years. Very cheap.
TOP PICK
A perfect chicken's way to have some exposure to gold. If gold goes up, they'll like a little bit, but on hedge more of their gold. If gold goes down, they still have the hedge.
DON'T BUY
Looks particularly expensive.
DON'T BUY
Would be happier if they reduced their hedging. Prefers others.
BUY
Golds have been under pressure because of expected interest rate rise and a rally in the US dollar. Thinks it still has potential.
PAST TOP PICK
(A past top pick Jan 22/04. Up 16%.) Recommended because it had been a laggard. Rumors of a takeover are pushing prices higher. Expects to see a little bit more upside.
HOLD
Have been disappointed in the stock. Performance has been choppy. Have gone through some management changes so is probably sorting itself out. Reserve growth and production growth a year out looks good.
TRADE
Slowly reducing their hedge.
BUY
Its numbers for the fourth quarter where a bit better than expected. Their costs per ounce are going to go up 10% and production is going to drop 10%. Probably the easiest way to play gold in Canada.
DON'T BUY
If gold stayed in the lower end of the $325/400 range, they probably would reduce their hedge book further which would help, but their hedge book is holding them back.
WEAK BUY
Could see a short-term upswing for the gold sector. Would take some profits at that time.
TOP PICK
Costs are going up, output is going down 10%. Hasn't gone up at all.
PAST TOP PICK
(Was a Top Pick Nov 26/03. Down 8%.) Stock is coming back into support level. Expects gold to reach $500.
WEAK BUY
Have 15.5 million ounces. Hedge book is bullet proof. Undervalued, would buy.
TOP PICK
Their hedging is down to 16%. Trading at 25/30% discount to Newmont. Great balance sheet.
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