TSE:ABX
29.12
0.42
(1.46%)
Barrick Gold Corporation is the largest gold mining company in the world, with its headquarters in Toronto, Ontario, Canada.
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Analysis and Opinions about ABX-T
Signal
Opinion
Expert
Chart
PARTIAL BUY
PARTIAL BUY
May 10, 2021
He owns it as a diversifier out of paper currency and into hard assets. It has a place in the portfolio. He suggests 2% only, however.
Show full opinionHide full opinion
He owns it as a diversifier out of paper currency and into hard assets. It has a place in the portfolio. He suggests 2% only, however.
COMMENT
COMMENT
May 7, 2021
The price of gold peaked a number of months ago. Gold stocks came down with it. Prices are starting to come back and equities are starting to respond as well. A lot of attention to gold has gone into Bitcoin and other digital currencies. It is coming back to gold. The gold-copper ratio is also improving for gold. Prefers Franco Nevada, but with the commodity cycle continuing, gold will participate more in general.
Show full opinionHide full opinionThe price of gold peaked a number of months ago. Gold stocks came down with it. Prices are starting to come back and equities are starting to respond as well. A lot of attention to gold has gone into Bitcoin and other digital currencies. It is coming back to gold. The gold-copper ratio is also improving for gold. Prefers Franco Nevada, but with the commodity cycle continuing, gold will participate more in general.
WEAK BUY
WEAK BUY
April 29, 2021
He prefers other seniors with more exposure. Hasn't been too keen on management. It will move as prices do. Pension funds will buy into it, and leverage of reserves on the ground will make it move. World-class producer. $40 price target, a buy.
Show full opinionHide full opinionHe prefers other seniors with more exposure. Hasn't been too keen on management. It will move as prices do. Pension funds will buy into it, and leverage of reserves on the ground will make it move. World-class producer. $40 price target, a buy.
DON'T BUY
DON'T BUY
April 19, 2021
KL-T vs. ABX-T. He would prefer KL-T as it has been hit so hard. You are getting the cash and the good balance sheet.
KL-T vs. ABX-T. He would prefer KL-T as it has been hit so hard. You are getting the cash and the good balance sheet.
SELL
SELL
April 15, 2021
Stock price moves as the underlying commodity moves. Gold has pulled back, and the USD should start strengthening, which also works against gold prices. She has no money in the sector right now. It's a large cap, so should be a good candidate. She prefers producers with very little political risk. If you're up, take profits.
Show full opinionHide full opinionStock price moves as the underlying commodity moves. Gold has pulled back, and the USD should start strengthening, which also works against gold prices. She has no money in the sector right now. It's a large cap, so should be a good candidate. She prefers producers with very little political risk. If you're up, take profits.
BUY
BUY
March 10, 2021
One of his favourite safer gold plays. Tremendous focus on profitability. Conservative assumptions, cost cutting make it well positioned. The space has been difficult recently. Still has a positive, fundamental view on gold longer term.
Show full opinionHide full opinionOne of his favourite safer gold plays. Tremendous focus on profitability. Conservative assumptions, cost cutting make it well positioned. The space has been difficult recently. Still has a positive, fundamental view on gold longer term.
BUY
BUY
March 5, 2021
The new management team is excellent. They have copper exposure. Copper has an important role in renewable energy infrastructure. Their copper exposure is not big enough to dominate the story, but it is a positive component. The company has good assets, is well diversified geographically with good capital allocation. The cycle is still on. Would be the top pick if he were to buy gold miners.
Show full opinionHide full opinionThe new management team is excellent. They have copper exposure. Copper has an important role in renewable energy infrastructure. Their copper exposure is not big enough to dominate the story, but it is a positive component. The company has good assets, is well diversified geographically with good capital allocation. The cycle is still on. Would be the top pick if he were to buy gold miners.
BUY
BUY
February 16, 2021
One of the top gold miners, but he doesn't much mining. Commodities are rallying these days, perhaps in a super cycle, so gold is a good place to be. We'll see some inflation which will help gold. ABX is best of the bunch. Just beware of volatility in commodities.
Show full opinionHide full opinionOne of the top gold miners, but he doesn't much mining. Commodities are rallying these days, perhaps in a super cycle, so gold is a good place to be. We'll see some inflation which will help gold. ABX is best of the bunch. Just beware of volatility in commodities.
PAST TOP PICK
PAST TOP PICK
January 11, 2021
(A Top Pick Jan 07/20, Up 27%) He would buy it again. It is quite cheap relative to its own long term range. He thinks it will go right back up to its former high.
Show full opinionHide full opinion(A Top Pick Jan 07/20, Up 27%) He would buy it again. It is quite cheap relative to its own long term range. He thinks it will go right back up to its former high.
DON'T BUY
DON'T BUY
December 29, 2020
Gold peaked in August, and has been slipping, especially the stocks. The reason is a move into copper and other recovery-based metals. That said, negative interest rates are a tailwind for gold, and you need to own 3-5% gold stocks in your portfolio. Barrick is not his first choice, prefers B2Gold or Agnico-Eagle, for example. Also, he prefers silver to gold. Bitcoin is a whole different story....
Gold peaked in August, and has been slipping, especially the stocks. The reason is a move into copper and other recovery-based metals. That said, negative interest rates are a tailwind for gold, and you need to own 3-5% gold stocks in your portfolio. Barrick is not his first choice, prefers B2Gold or Agnico-Eagle, for example. Also, he prefers silver to gold. Bitcoin is a whole different story....
WEAK BUY
WEAK BUY
December 17, 2020
Don't have all your money in gold, but a percentage in gold or the precious metals (miners) does make sense. Doesn't know Barrick well. It's the biggest. Lowest risk way to express this trade in the market. He owns Kirkland Lake and Pan American Silver. He also owns PHYS.
Don't have all your money in gold, but a percentage in gold or the precious metals (miners) does make sense. Doesn't know Barrick well. It's the biggest. Lowest risk way to express this trade in the market. He owns Kirkland Lake and Pan American Silver. He also owns PHYS.
PAST TOP PICK
PAST TOP PICK
December 15, 2020
(A Top Pick Jul 28/20, Down 17.9%)Stockchase Research Editor: Michael O'Reilly ABX has breached our $30 stop loss. To be disciplined, we are recommending covering the position at this time. We will continue to look to gold as a hedging strategy going forward.
Show full opinionHide full opinion(A Top Pick Jul 28/20, Down 17.9%)Stockchase Research Editor: Michael O'Reilly ABX has breached our $30 stop loss. To be disciplined, we are recommending covering the position at this time. We will continue to look to gold as a hedging strategy going forward.
TOP PICK
TOP PICK
November 12, 2020
Stockchase Research Editor: Michael O'Reilly We are again recommending ABX, a world leader in gold production, as a TOP PICK. Recently released earnings confirmed our expectation of improving financial circumstance. Earnings came in at more than double that of a year ago, beating analyst expectations by 28%. Management also announced a 12.5% increase in last quarters dividend -- the third increase this year -- and is backed by a 16% payout ratio. We would buy this with a stop-loss at $30 -- looking for an initial target of $46 (35% upside). Yield 1.40% (Analysts’ price target is $46.34)
Show full opinionHide full opinionStockchase Research Editor: Michael O'Reilly We are again recommending ABX, a world leader in gold production, as a TOP PICK. Recently released earnings confirmed our expectation of improving financial circumstance. Earnings came in at more than double that of a year ago, beating analyst expectations by 28%. Management also announced a 12.5% increase in last quarters dividend -- the third increase this year -- and is backed by a 16% payout ratio. We would buy this with a stop-loss at $30 -- looking for an initial target of $46 (35% upside). Yield 1.40% (Analysts’ price target is $46.34)
COMMENT
COMMENT
November 11, 2020
Gold is not the best sector here. Had a great run. You get the grand prize by buying financials and industrials. Gold is probably still in a bull run, and you want to buy when there's doubt. Not a bad entry at these levels. Of the seniors, his favourite is Agnico Eagle, exceedingly well run with a great dividend.
Gold is not the best sector here. Had a great run. You get the grand prize by buying financials and industrials. Gold is probably still in a bull run, and you want to buy when there's doubt. Not a bad entry at these levels. Of the seniors, his favourite is Agnico Eagle, exceedingly well run with a great dividend.
BUY
BUY
November 2, 2020
He prefers Kirkland Lake and Agnico Eagle among the big producers, because they have better leverage and are streamlined. He always puts Barrick and Kinross in the same category. Kinross buys assets at low prices, but he'd rather buy the companies they buy than Kinross itself. The one positive with Barrick is Warren Buffet coming on board; big-value investors will buy Barrick and won't bother researching the mid-tiered players. That said, he expects a better-levered move from KL and AE. He has a $45 target on Barrick as a buy. Also, he's not investing in copper or base metals.
He prefers Kirkland Lake and Agnico Eagle among the big producers, because they have better leverage and are streamlined. He always puts Barrick and Kinross in the same category. Kinross buys assets at low prices, but he'd rather buy the companies they buy than Kinross itself. The one positive with Barrick is Warren Buffet coming on board; big-value investors will buy Barrick and won't bother researching the mid-tiered players. That said, he expects a better-levered move from KL and AE. He has a $45 target on Barrick as a buy. Also, he's not investing in copper or base metals.
Barrick Gold(ABX-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 10
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 5
Total Signals / Votes : 15
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, 15 stock analysts published opinions about ABX-T. 10 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is PARTIAL BUY. 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 Ryan Bushell on 2021-05-10. 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?
15 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 2021-05-14, Barrick Gold (ABX-T) stock closed at a price of $29.12.
