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
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.
BUY
An undervalued story. A large nickel deposit in Tanzania.
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