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

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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

Jun 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.

Consensus

Mixed

Valuation

Fair Value

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TOP PICK

Still likes the exposure to gold. It has cleaned up their finances and assets. He believes it can go up to $50 in the next couple years. The cycle is probably much longer. (Analysts’ price target is $42.44)

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly With gold prices hitting highs over $1900 per oz and the US dollar falling over pandemic concerns ABX is a strong pick. The company is one of the worlds largest producers with over 31 million ounces of proven and probable reserves. The high current gold prices will ensure the company hits its 2020 production target of 4.6 - 5.0 million ounces. It is one of the only gold producers who pays a dividend and with a payout ratio of only 8% of cash flow, the dividend is safe. Yield 0.95%

SELL ON STRENGTH

Gold stocks have done a terrible job creating investor wealth. The share price is basically where it was 30 years ago. If gold keeps going up, then the share price will go up. When interest rates go up, it will be the end of this gold run. He would suggest taking profit and going elsewhere.

DON'T BUY

Gold. Gold is not his cup of tea. He has a model price that is over 40% lower than current market prices. He would rather put his money some place else -- outside gold. He would favour stocks that will benefit post-pandemic trends, like e-commerce.

WEAK BUY

A huge gold company. He took a good look at them two years ago and then last week, and he feels KL-T is the best premier gold company in Canada. He thinks all gold companies will benefit if gold does what he thinks it will do.

COMMENT

He thinks the macro fundamentals for gold are positive for the first time in a while. He is adding it to his portfolio. We are crossing into a new paradigm with how much government support is driving this market. There will eventually be a cost for this and gold is a good hedge to the "fiscal recklessness". He purchased ABX, because of the dividend yield that went with it.

TOP PICK

He has owned this for about a year. Even at today's price the shares have good upside. Monetary easing and zero interest rates makes a good environment for gold to go higher. They own assets all over the world. A top tier management team as well. Better than holding an ETF as they possess physical gold of high quality. Yield 1.01% (Analysts’ price target is $34.94)

COMMENT

He does not like this ETF. He would prefer to own the shares, not just holding derivatives. This can cause discounts to NAV at times. He would prefer to hold solid producers like FNV or ABX. If you want an ETF, he would pick HGGG.

DON'T BUY

He is not a big gold bug. During the last financial crisis he bought gold and used ABX-T for about a year. He is not a believer. It does not pay a yield and does not serve a purpose. They have had a troubled history. Stocks tied to everyone staying at home are going up NFLX, Dominos Pizza (DPZ-N), video game manufacturers, and AMZN-Q, for example. He likes high yield stocks but they have proved to be very disappointing.

TOP PICK

It's close to its book value now during this bear market. Nice balance sheet which they have worked hard to improve in recent years. It was coming out of the woods when the virus hit markets. Its fundamentals and earnings are still there, despite this bear market. (Analysts’ price target is $28.19)

BUY

ABX-T owns the majority of the joint venture and NGT-T owns about 40%. This is a deal that should have happened a long time ago. You had all these ounces that could be treated at a plant next door but you could not do that and it was not economic to do so at another plant. It shows some sanity to generalist investors. ABX-T did the best out of it.

BUY

Barrick should be every investment-grade portfolio. It's such high-quality, it may not outperform the index. It's the biggest, most liquid and highest-quality gold company. General investors will start with Barrick.

PAST TOP PICK

(A Top Pick Feb 11/19, Up 37%) Gold has leaps to go and government balance sheets are not getting any better for sure. The US president is getting more desperate to get re-elected and to would want to inject more value into the currency. Inflation is low. But cost of living in many US cities, based on a basket of goods in each city, are going ahead 8 to 10% per year.

DON'T BUY

Gold? The gold bugs are out in force right now -- and he is not a believer. His model price is $14.85 -- much weaker than where it trades today.

TOP PICK

He hasn't recommended it in a while. The stock has a beautiful balance sheet. It has been holding it's previous gains nicely. Even with current gold prices, it has upside. It is a senior and stable company that is a safe harbour investment. (Analysts’ price target is $26.78)

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Barrick Mining (ABX.TO)