Buy, Sell or Hold: Barrick Gold (ABX-T) — Stock Predictions at Stockchase

TSE:ABX

25.45

0.79 (3.01%) 1d

Showing 1 to 15 of 865 entries

WEAK BUY

ABX vs. AGI Agrees that gold is going higher. Doesn't own ABX or AGI. If you believe gold is going higher, do you want the high torque name, or the big diversified large cap? The answer depends on your conviction in the direction of gold. His firm is conservative, so they'd pick ABX. ABX has a better management team and asset base and is more diversified. AGI is more concentrated in 3-4 mines, so the risk is higher.

precious metals

DON'T BUY

He's not into gold miners. The gold price may rally, but a company needs to mine gold, which involves sharply rising costs these days. He models $26, though it could go to $37.63 based on positive momentum, but its earnings won't move. He won't buy it here. He much prefers physical gold over gold miners.

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PAST TOP PICK

(A Top Pick Jul 09/21, Up 22.51%) He likes it for being stable and being the largest player in the world. The price of gold will remain high because of inflation concerns and the Russian war.

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BUY on WEAKNESS

Has become more shareholder friendly. Capable CEO. Fairly strong results today. Keep your eye on it in the space. Well run. Inflation could put pressure on commodity producers and give you a better entry point.

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BUY

For older clients looking for 1-2 companies, it's great. Good dividend. A buy, with a $32 target. Solid. For cashflow, he'd rather have a small company. 30% of its geopolitical areas are dodgy, his only concern. They have leverage to the gold price. See his Top Picks.

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BUY on WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The whole sector has not moved much. It is cheap. Pays a nice dividend at 2% that is growing. Gold should do well with all the money being flooded in. Higher interest rates could hurt the sector. Exposure is warranted as insurance, and also for gains, however. Unlock Premium - Try 5i Free

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COMMENT

Believes safer than other gold companies, however better gold investments out there. Low interest rates have not rewarded gold which is a problem. Gold companies at multi-decade low valuations. Strength of US dollar is a headwind for value of gold. Crypto currencies taking investment away from gold producers as inflation hedge.

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DON'T BUY

He has never owned a gold stock in his life. ABX is probably valued at the same stock price as it was 35 years ago. Gold has not done well even with the threat of inflation. There seems to be an inverse relationship between interest rates and gold prices, so if the Fed does raise rates, it is hard to see gold do anything. You are better to find companies that have more consistent earnings and pay dividends out of regular cash flow.

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WEAK BUY

He's been wrong about gold for a while. He expected gold to do better; money hasn't shifted to gold in anticipation of inflation. Instead, money has moved into cryptos. Gold remains a storer of value though. Still uncertain what will be the dominant currency for governments. ABX is a conservative way to play gold. He likes the gold sector.

precious metals

BUY

Not a bargain price, but towards the lower end of its 52-week range. Correlation between gold and inflation is not as strong as is believed. Well managed, well run, proven themselves over the last few years. No problems owning it. He owns NGT instead.

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PAST TOP PICK

(A Top Pick Jul 09/21, Down 13%) He would buy it again. We are seeing decent support. Gold is the play if you think inflation will not be as transitory as previously thought. Gold should perform well. He may be adding to it. This one can maintain margin with increasing energy costs.

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DON'T BUY

Major gold mining company. Where it will be in 5 years depends on its margins. Very labour- and capital-intensive. Price is set on the global market. If you want exposure to gold, eliminate the middleman and buy a gold bar or an ETF.

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HOLD

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company is a hold until the sector improves. The company should do well in the long run though gold stocks have seen underperformance. ABX is large and has good cash flow generation. Unlock Premium - Try 5i Free

precious metals

PAST TOP PICK

(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.

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PAST TOP PICK

(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.

precious metals

Showing 1 to 15 of 865 entries

Barrick Gold(ABX-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 12

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 6

Total Signals / Votes : 19

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, 19 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 . 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?

19 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 2022-05-18, Barrick Gold (ABX-T) stock closed at a price of $25.45.

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