TSE:ABX
23.38
0.08
(0.34%)
Barrick Gold Corporation is the largest gold mining company in the world, with its headquarters in Toronto, Ontario, Canada.
More at Wikipedia
Analysis and Opinions about ABX-T
Signal
Opinion
Expert
Chart
PAST TOP PICK
PAST TOP PICK
September 8, 2021
(A Top Pick Sep 08/20, Down 33%) Still really likes the name. Top quality. He expects real interest rates to be negative, and this is a good environment for gold. Gold price has languished, in favour of crypto. Will have zero debt next year. You need to own gold, and he has a 5% weighting.
Show full opinionHide full opinion
(A Top Pick Sep 08/20, Down 33%) Still really likes the name. Top quality. He expects real interest rates to be negative, and this is a good environment for gold. Gold price has languished, in favour of crypto. Will have zero debt next year. You need to own gold, and he has a 5% weighting.
PAST TOP PICK
PAST TOP PICK
August 27, 2021
(A Top Pick Aug 28/20, Down 33%) Gold is important as a hard asset. Gold has not moved with inflation expectations however. Would never have imagined gold would come down to these levels. Around $25, it is a good risk-reward payoff. Could go up 50% if interest comes back to this space.
Show full opinionHide full opinion(A Top Pick Aug 28/20, Down 33%) Gold is important as a hard asset. Gold has not moved with inflation expectations however. Would never have imagined gold would come down to these levels. Around $25, it is a good risk-reward payoff. Could go up 50% if interest comes back to this space.
DON'T BUY
DON'T BUY
August 12, 2021
She doesn't own any gold producers. Hard to forecast gold prices. She prefers the senior producers with strong balance sheets and diversified geographically. USD continues to perform quite well. See what happens with inflation. Seeing encouraging signs that the sharp upward mood of inflation will moderate in months to come. Not necessary to own gold.
Show full opinionHide full opinionShe doesn't own any gold producers. Hard to forecast gold prices. She prefers the senior producers with strong balance sheets and diversified geographically. USD continues to perform quite well. See what happens with inflation. Seeing encouraging signs that the sharp upward mood of inflation will moderate in months to come. Not necessary to own gold.
TOP PICK
TOP PICK
July 9, 2021
A good opportunity in Barrick. Well run. Could be a good alternative investment to bonds. (Analysts’ price target is $35.11)
Show full opinionHide full opinionA good opportunity in Barrick. Well run. Could be a good alternative investment to bonds. (Analysts’ price target is $35.11)
DON'T BUY
DON'T BUY
June 28, 2021
He has never owned a gold stock in his life. 25 years ago it was about the same price as today. There has been no value created over the long haul. It is more expensive to create an oz of gold now than then. Gold is near a high and ABX-T has not done well. Investors would be better off buying businesses that generate growth over time.
Show full opinionHide full opinionHe has never owned a gold stock in his life. 25 years ago it was about the same price as today. There has been no value created over the long haul. It is more expensive to create an oz of gold now than then. Gold is near a high and ABX-T has not done well. Investors would be better off buying businesses that generate growth over time.
BUY
BUY
June 18, 2021
The USD should roll over more from here. Gold stocks look cheap even if you are not bullish. Stocks are as cheap as they have been in decades. Worth owning. Doesn't have much growth in production. Would recommend having a position in gold. For gold, real interest rates is important. Would recommend 5-6% weighting in precious metals for portfolios.
Show full opinionHide full opinionThe USD should roll over more from here. Gold stocks look cheap even if you are not bullish. Stocks are as cheap as they have been in decades. Worth owning. Doesn't have much growth in production. Would recommend having a position in gold. For gold, real interest rates is important. Would recommend 5-6% weighting in precious metals for portfolios.
DON'T BUY
DON'T BUY
May 17, 2021
The have a ten year plan to have a five million ounce per year production profile without opening any more mines. They will bring down capital expenditures. They will be generating a lot of cash but his opinion depends on what they will do with all that cash. It is hard for a company of this size to grow. The mid tier companies are in the sweet spot and that is where he looks. See his Top Picks today.
Show full opinionHide full opinionThe have a ten year plan to have a five million ounce per year production profile without opening any more mines. They will bring down capital expenditures. They will be generating a lot of cash but his opinion depends on what they will do with all that cash. It is hard for a company of this size to grow. The mid tier companies are in the sweet spot and that is where he looks. See his Top Picks today.
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 opinionHe 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.
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.
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.
Barrick Gold(ABX-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 12
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 6
Total Signals / Votes : 18
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, 18 stock analysts published opinions about ABX-T. 12 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST 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 2021-09-08. 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?
18 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 2021-09-17, Barrick Gold (ABX-T) stock closed at a price of $23.38.
