
TSE:ABX
This summary was created by AI, based on 12 opinions in the last 12 months.
Barrick Mining, symbol ABX-T, holds a mixed reputation among analysts, with varying views on its current and future performance. Some experts express caution, noting Barrick's historical struggles in delivering shareholder value and its lack of competitive production growth compared to peers. Others highlight the company's strategic positioning and steady gold demand as positive factors, suggesting it remains a valuable holding amid uncertain economic conditions. Recent changes in leadership and an anticipated earnings report seem to add layers of intrigue and concern, as analysts debate whether current stock performance is merely a reflection of rising gold prices or indicative of improved operational efficiency. Several experts favor alternative gold investments, believing companies like AEM offer safer prospects.
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.