TSE:ABX

Barrick Mining (ABX.TO)

57.66
+1.85 (3.31%)
as of Aug 12, 2026, 5:56:35 pm Market Open.
594 watching
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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
An undervalued story. A large nickel deposit in Tanzania.
DON'T BUY
Was getting some traction based on speculation that they were going to reduce their hedge book. Started to back off now and is doing poorer than the sector.
HOLD
Their hedging program is being wound down which is very positive. Thinks interest is going to be shifting more towards the large-cap golds.
BUY
Institutional investors will be looking at large cap golds first. Expects gold will rise in 2004.
BUY
Was being penalized for having a big hedge book. They have wonderful assets and the market is starting to recognize this. It could play some catch-up.
DON'T BUY
The trouble with large gold companies is that they can’t grow like smaller companies. Would prefer more junior companies which are very exciting.
TOP PICK
It's now time for the big golds to move. A big base has been formed and the stock is now starting to hit highs.
TOP PICK
Has good growth opportunity. Over the next four or five years, it will bring on an additional annual production of 2,000,000 oz.. Feels that the large-cap golds have lagged the mid-caps.
BUY
Has the most potential of the seniors because it has lagged.
TOP PICK
(A top pick May 5/03. Up 16.5%.) Their hedge book is not a problem as they have the flexibility to trade or not in the hedges over a 10-year span.
BUY
Has been the laggard and maybe it's overdue. Not a bad pick.
TOP PICK
Concerns on US trade deficit should move gold higher. Acts as insurance.
TOP PICK
Has been beaten up because investors are fearful of the hedge book.These are spot deferred hedges.Out of the senior gold's, they've had one of the best exploration years of any.
BUY
Has not moved much because the small-cap stocks have driven gold stocks over the last couple of months.There may now be some catch-up for the big caps.There is a lot of potential for them growing production 1 to 3 years out.
PAST TOP PICK
(Was a top pick on Mar 21/03. Up 12%.) Still holding it as a gold hedge position.
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