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

Barrick Mining (ABX.TO)

58.53

+1.67 (2.94%)

as of Oct 9, 2026, 8:00:00 pm Market Open.

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COMMENT

If there is a huge inflationary monetary stimulus policy, then gold becomes attractive. He is wary of a repeat of what happened in 2013 to now where the gold price collapsed and dividends were cut. However, it is the most liquid company in the space and he holds it for his clients.

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TOP PICK

He's been bullish gold for two years and remains so. We'll continue to see the debasement of currencies against hard assets, so gold is in the sweet spot. Barrick shares will consolidate around these levels for a while. He owns Barrick long term and doesn't trade it. It boasts record free cash flow. (Analysts’ price target is $42.38)

COMMENT

He's not a gold bug. A good company. A lot of the mining jurisdictions are subject to political whims, so a more complex dynamic. He'd go with an ETF that goes with the gold miners, instead of the price. But this is not his specialty.

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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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.

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Barrick Mining (ABX.TO)