TSE:ABX

Barrick Mining (ABX.TO)

59.89
-2.27 (3.65%)
as of Sep 1, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconSep 1, 2026, 12:00 am

This summary was created by AI, based on 14 opinions in the last 12 months.

Barrick Mining (ABX-T) has received a mixed bag of reviews from experts, with several expressing concerns over its management and long-term performance relative to its competitors. While some analysts highlight the company's significant geographic diversification and potential for growth, others criticize its historical stewardship of shareholder capital and productivity issues. The recent resolution of a dispute with Newmont and the interest in spinning off their gold business are seen as strategies to mitigate risks, but opinions differ on whether these moves will benefit the company's valuation in the long term. Overall, there is a recognition that gold still has a role as a diversifier and hedge amid global economic uncertainties, yet some suggest that alternatives like Agnico Eagle Mines (AEM) may present safer options for investment. The recent performance trajectory of Barrick has prompted discussions on its earnings potential amidst rising gold prices; however, caution remains as many anticipate volatility in the sector.

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Consensus
Mixed
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Valuation
Fair Value
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Similar
AEM,AGI
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.
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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