
TSE:ABX
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.
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.
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.
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.
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.