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DON'T BUY
Barrick Gold

A leader. He doesn't play too much in the gold space. It's more speculative than what he typically buys. Not on his radar. 

He'd prefer RIO, a low-cost leader in the iron ore space, with copper assets and a nice distribution. You could also look at MDI to play the miners, as it gives exposure to the whole sector. 

precious metals
DON'T BUY
Barrick Gold

Does not invest in gold. Hard to justify investment. Share price has not appreciated in 30 years. Not good for shareholders. Capital allocation not good. Only beneficiary is management who collect salary. 

precious metals
DON'T BUY
Barrick Gold

Expects this to fall 3.5%. Gold is essential to any portfolio. He owns physical gold, not the companies, because the costs of production are rising faster than the price of gold. Expects some gold companies to go bust.

precious metals
DON'T BUY
Barrick Gold

Very large business makes it tough to earn  high rate of return.
Gold prices difficult to predict.
Prefers Franco-Nevada & royalties.
Valuation not very good.

precious metals
BUY ON WEAKNESS
Barrick Gold

Increase on real returns on bonds is a negative on gold prices.
Gold not as attractive with higher interest rates. 
Would wait 6-12 months before buying (when interest rates are cut).


precious metals
DON'T BUY
Barrick Gold

Likes gold sector, but not ABX.
Gold a strong commodity.
Geopolitical risk & company debt major drawbacks of company.
Prefers other names in sector.

precious metals
RISKY
Barrick Gold

Very supportive of Pakistan gold project.
Technical prospects very good.
Management very good at emerging markets & politics.
Political risk a substitute for technical risk (deposits very large). 
Political risk very high. 

precious metals
HOLD
Barrick Gold

You want to be long gold and silver at the right time, once every 15-20 years, and it's hard to find those times. Free cashflow is harder to come by when costs have been rising. And you have to be right about your bond yields, which have to keep coming down for gold to work. That's probably the way they're going to go. He likes ABX and AEM and owns them, but is not piling in.

precious metals
PAST TOP PICK
Barrick Gold
(A Top Pick Dec 19/22, Down 0.3%)

Has since sold shares.
Doesn't think chart is good anymore.
Thought it was toppy.
Very interested again, but waiting for shares to fall again.

precious metals
WAIT
Barrick Gold

If you're looking for gold exposure, a reasonable name to consider. ABX results did not impress, and the stock's down. Watch and wait, as the sector's been strong. Interest rate cuts would be negative catalysts for gold names. Enter on a pullback.

precious metals
BUY
Barrick Gold

An aggressively run company. The gold market is interest now with Newmont buying Newcrest. Owning a gold position isn't bad during inflationary times. The valuation here is reasonable.

precious metals
BUY ON WEAKNESS
Barrick Gold
Gold price very hard to predict. Difficult to determine future cash flows of business. Falling inflation will be good for gold. Strong balance sheet with decent dividend yield (~3%).
precious metals
BUY
Barrick Gold
Breakout in an uptrend. Very constructive on gold equities through 2023. Above 200-day MA. Technical profiles are improving. Constructive on materials being higher for longer. Add exposure here.
precious metals
TOP PICK
Barrick Gold
They own an ETF and two producers, Barrick being one of them. It is beginning to act like gold itself but he is still a little cautious. It is hedged at $1800 and needs gold to move higher to make money. Gold and the U.S. dollar are inversely related. Buy 19 Hold 6 Sell 0 (Analysts’ price target is $27.76)
precious metals
WEAK BUY
Barrick Gold
If you want exposure to gold, this is one you can buy with confidence. Management doing a good job. These companies don't fit with his firm's view of the world, since their profitability tends to below market average. Despite the pullback, he wouldn't be interested.
precious metals
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Barrick Gold(ABX-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 8

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 5

Total Signals / Votes : 14

Stockchase rating for Barrick Gold 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(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, 14 stock analysts published opinions about ABX-T. 8 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is . 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 on . 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?

14 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 2023-11-27, Barrick Gold (ABX-T) stock closed at a price of $22.55.