TSE:ABX

Barrick Mining (ABX.TO)

60.44
-1.72 (2.77%)
as of Sep 1, 2026, 7:12:56 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.

consensus icon
Consensus
Mixed
valuation icon
Valuation
Fair Value
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Similar
AEM,AGI
PAST TOP PICK
(A Top Pick Feb 11/19, Up 37%) Gold has leaps to go and government balance sheets are not getting any better for sure. The US president is getting more desperate to get re-elected and to would want to inject more value into the currency. Inflation is low. But cost of living in many US cities, based on a basket of goods in each city, are going ahead 8 to 10% per year.
DON'T BUY
Gold? The gold bugs are out in force right now -- and he is not a believer. His model price is $14.85 -- much weaker than where it trades today.
TOP PICK
He hasn't recommended it in a while. The stock has a beautiful balance sheet. It has been holding it's previous gains nicely. Even with current gold prices, it has upside. It is a senior and stable company that is a safe harbour investment. (Analysts’ price target is $26.78)
DON'T BUY

His view on gold stocks is that there are three kinds of stocks. The large caps have a difficult time growing; the small caps are too risky and then there are the mid-tiers. The latter are the most attractive and more so are any that are about to become a mid-tier. He prefers EQX-X. Management has an impressive track record.

DON'T BUY
Doesn't like it. It will move higher and people will buy it, but over five years Agnico has outperformed and he prefers the latter.
COMMENT
One of the largest gold miners in the world. They are able to do deals when the gold price is high and have trouble with the gold price is low.
HOLD
Gold is not expensive. Barrick increased its dividend and he likes their management. The Chinese Central bank has been steadily building gold inventory. They want to move their reserves up to the likes of the US, Germany, etc. No major reserves are being discovered, so eventually prices will rise. Gold prices today will start some exploration across the sector. Gold prices could find resistance around $1719 /oz. Seasonally, gold prices usually rise from after US Thanksgiving into the spring.
TOP PICK
He likes gold stocks and Barrick is one of the cheaper senior ones. (Analysts’ price target is $26.80)
COMMENT

Gold? He is not a gold specialist, but it is an area driven by lower interest rates. He thinks we are entering a new phase for gold, where gold is standing out as a safe holding again. He likes ABX-T and FNV-T in this space.

BUY

Gold: buy micro-caps? It has seriously broken through $1,400. He plays it by owning Barrick, one of the best large-caps with good managers, and ROXG for its Burkino Faso mine. The micro-caps are too small for him; he prefers large-caps because they're more predictable. Barrick is his go-to gold stock.

TOP PICK
In gold's last run up to $1300, Barrick ran up quite a bit higher than the price to book valuation. So the stock "owes us" some valuation, because it has some catch up to do. Yield is 0.90%. (Analysts’ price target is $22.71)
TOP PICK
Great place to be, especially if the Fed cuts rates. Gold stocks are still at multi-year lows. The charts look beautiful. A place where you can make some money. You have to watch it, put a stop on it. Yield is 0.98%. (Analysts’ price target is $20.92)
BUY
Likes all the golds, juniors and seniors. Juniors are the place to be.
COMMENT

Feels as though there's a buzz around gold. Momentum's coming back into the sector. Agnico is executing well, but it's expensive. His main holding is in Barrick. If you do get a move, it should go first and you should easily get a pop in it.

WAIT
You want to have a good gold price for it to do well. We saw a decline in 2017. We saw it falter at the beginning of this year. Seasonality will start July/August.
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