
TSE:ABX
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 differing opinions on its investment potential amid shifting market dynamics. While some maintain a positive outlook on gold due to ongoing central bank purchases and geopolitical uncertainties, others express concerns over Barrick's stewardship of shareholder capital and lagging production growth. The recent spinoff of North American assets has positioned the company within safer mining jurisdictions, yet valuation concerns remain as analysts debate its performance relative to peers. The stock has shown signs of recovery recently, attributed to rising gold prices, but experts warn that sustained performance may hinge on the company's ability to deliver consistent earnings amid volatile market conditions.
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.