NYSE:ABX

17.57
0.02 (0.11%) 1d
0

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Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Barrick Gold Corp (ABX-N) appears to be navigating a challenging environment, with rising costs impacting its operational profitability. While gold prices have surged by 13% this year, Barrick's stock has declined by 9%, raising concerns among investors. Despite the challenges, there is optimism regarding the company's efforts to control costs and boost production. The current landscape highlights a disparity between gold prices and gold stock performance, where ABX has not mirrored the upward trends seen in the gold market. Experts suggest that factors such as higher labor costs in North America and cautious guidance may have contributed to the stock lagging behind its industry peers.

Consensus
Positive
Valuation
Undervalued
BUY

Though shares have been weak and costs have risen (4-6% for gold and 9-11% copper), he still believes in this. Gold prices are up 13% this year, but ABX is down 9%. Barrick is getting its costs under control as it boosts production this year.

BUY

His go-to gold name because of the CEO. Gold stocks haven't been hitting new highs like gold itself. Last February they reported an earnings beat and inline revenue and production, but shares got hammered over higher production costs. More of their gold comes from North America where labour costs are higher; they used to have more mining in cheaper Latin America. Also, guidance may be too cautious. Shares are finally starting to catch up to the gold price; same goes with many gold stocks.

DON'T BUY

Very disappointed. Gold has made a big run lately, but Barrick hasn't done much. The best thing about it is its 2.5% dividend. That's it.

DON'T BUY

It's been disappointing, despite a good CEO. He's looking at Agnico-Eagle in the gold space.

DON'T BUY

Can't recommend gold stocks now, unless it's a very small portion of your portfolio.

COMMENT
Is breaking out now, pays a 3% yield. A fine CEO, but can't make heads or tails of it.
COMMENT
It's the gold stock to buy, though gold has not been a great investment this year. You have to be a gold bug to buy Barrick.
WEAK BUY
Gold has been trading badly in this down market. Barrick is the best operator, has the best assets, the CEO is great, and it pays a 4% dividend, but gold is an insurance play.
BUY
He's buying the March 24 50 calls. It's one of the big winners in the minerals space. Up 3% today.
BUY
He holds gold as a hedge against inflation and geopolitcal chaos. Because there's both, precious metals have made a monster move up. Barrick is his favourite gold play--the best gold miner. It's up 17% this month. Last week, they reported a superb quarter, posting an earning beats with higher than expected sales and a big share buyback.
BUY
He wants to buy gold, but hasn't bought bought it because of all the action in cryptos and is replacing gold. Barrick is best in class and the best way to play gold. Decent stock price now.
BUY
A long-time favourite of his. Gold is supposed to be safety haven, and given September seasonality and general uncertain, this is one to consider, because Barrick is best in class. It's a long history of returning capital to shareholders.
BUY
They report Thursday. It's best of the gold stocks boasting growth and income. If you like gold, buy this ahead of the report.
BUY
Gold outlook He thinks gold will go down, so it's a buying opportunity now. You can buy gold itself or Barrick.
PARTIAL BUY
Two thumbs up. Buy half now, then hope it hits $25. A great company--offers the best assets in the safest areas. What more to say?
Showing 1 to 15 of 23 entries

Barrick Gold Corp(ABX-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 5

Stockchase rating for Barrick Gold Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Barrick Gold Corp(ABX-N) Frequently Asked Questions

What is Barrick Gold Corp stock symbol?

Barrick Gold Corp is a American stock, trading under the symbol ABX-N on the New York Stock Exchange (ABX). It is usually referred to as NYSE:ABX or ABX-N

Is Barrick Gold Corp a buy or a sell?

In the last year, 5 stock analysts published opinions about ABX-N. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Barrick Gold Corp.

Is Barrick Gold Corp a good investment or a top pick?

Barrick Gold Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Barrick Gold Corp.

Why is Barrick Gold Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Barrick Gold Corp worth watching?

5 stock analysts on Stockchase covered Barrick Gold Corp In the last year. It is a trending stock that is worth watching.

What is Barrick Gold Corp stock price?

On 2019-08-07, Barrick Gold Corp (ABX-N) stock closed at a price of $17.57.