TSE:ABX
38.02
0.16
(0.42%)
Barrick Gold Corporation is the largest gold mining company in the world, with its headquarters in Toronto, Ontario, Canada.
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Barrick Gold
ABX-T
Analysis and Opinions about ABX-T
Signal
Opinion
Expert
TOP PICK
TOP PICK
September 8, 2020
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)
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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
COMMENT
September 2, 2020
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.
Show full opinionHide full opinionHe'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
TOP PICK
August 28, 2020
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)
Show full opinionHide full opinionStill 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)
TOP PICK
TOP PICK
July 28, 2020
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%
Show full opinionHide full opinionStockchase 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 STRENGTH
SELL STRENGTH
July 22, 2020
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.
Show full opinionHide full opinionGold 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
DON'T BUY
July 10, 2020
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.
Show full opinionHide full opinionGold. 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
WEAK BUY
July 6, 2020
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.
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
COMMENT
June 5, 2020
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 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
TOP PICK
April 22, 2020
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)
Show full opinionHide full opinionHe 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
COMMENT
March 27, 2020
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
DON'T BUY
March 23, 2020
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.
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
TOP PICK
March 16, 2020
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)
Show full opinionHide full opinionIt'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
BUY
March 2, 2020
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.
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
BUY
March 2, 2020
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.
Show full opinionHide full opinionBarrick 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.
PAST TOP PICK
PAST TOP PICK
February 6, 2020
(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.
Show full opinionHide full opinion(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.
Barrick Gold(ABX-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 5
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 6
Total Signals / Votes : 12
Barrick Gold(ABX-T) Frequently Asked Questions
What is Barrick Gold stock symbol?
Barrick Gold is a Canadian stock, trading under the symbol ABX-T on the Toronto Stock Exchange (ABX-CT). It is usually referred to as TSX:ABX or ABX-T
Is Barrick Gold a buy or a sell?
In the last year, 12 stock analysts published opinions about ABX-T. 5 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Barrick Gold.
Is Barrick Gold a good investment or a top pick?
Barrick Gold was recommended as a Top Pick by Bryden Teich on 2020-09-08. Read the latest stock experts ratings for Barrick Gold.
Why is Barrick Gold 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 worth watching?
12 stock analysts on Stockchase covered Barrick Gold In the last year. It is a trending stock that is worth watching.
What is Barrick Gold stock price?
On 2020-09-18, Barrick Gold (ABX-T) stock closed at a price of $38.02.
