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Investor Insights

This summary was created by AI, based on 15 opinions in the last 12 months.

The experts have mixed opinions about Barrick Gold, with some praising its strong gold assets and potential for creating value, while others criticize its balance sheet and geopolitical risks. There is also a consensus that gold is a difficult metal to value and that investing in gold stocks is speculative. Some experts prefer other low-cost leaders in the mineral space to Barrick Gold. Overall, the company's performance and potential seem to be a topic of debate among the experts.

Consensus
Mixed
Valuation
Fair Value
WATCH
Barrick Gold

Pretty big strength in the last 6 months. If you look at the chart, seeing pretty big moves within a band. It wants to get above $24.50 before it takes a shot at $31, which is the peak from 2022. Want to see it break out and then keep momentum going.

Sometimes the biggest in any sector, especially gold, can be kind of mushy. Can be safe, but sometimes acts like dead money. The risk/reward may not be there.

precious metals
WAIT
Barrick Gold

Laggard compared to other stocks and to gold itself. Mystery as to why it's not breaking out, but it's probably something fundamental. A wall around $19-20, needs to break that. 

Good news is that the lows aren't getting lower. It's in a trading band. You can buy when it moves to the bottom and trade the bands, or you can buy on a breakout.

precious metals
WEAK BUY
Barrick Gold

One of the better companies in the gold area. Started growing its copper business. Good balance sheet, nice dividend. Companies themselves have to contend with rising expenses. Under pressure to increase production, it's easier to make an acquisition. Geopolitical risk. 

If you like gold, so easy to buy as an ETF and that would be better. 

precious metals
HOLD
Barrick Gold

Gold a difficult metal to value. Recent strength in gold price good for overall business. Weakness in share price due to inflation concerns from investors (costs a lot to produce gold). ABX is one of the best companies in sector, but is a commodity style business. Overall is a hold for long term investors. 

precious metals
DON'T BUY
Barrick Gold

He doesn't own gold stocks. Bad balance sheet, restructuring. Gold exploration is expensive, easier to just take over another company. Environmentally unfriendly, in bad parts of the world.

precious metals
DON'T BUY
Barrick Gold

Underperforming TSX since 2020. For him, owning the bullion makes a bit more sense, though he doesn't own that either.

precious metals
COMMENT
Barrick Gold
Potential takeover of FM a tough sell for ABX investors?

He hasn't owned mining companies in a very long time. Shocking to see what's happened to FM with that mine, as it's a great asset. Shows how risky it is to invest in foreign countries outside NA. 

ABX knows how to allocate capital very well. If he were interested in a mining company, this would be the one, as the CEO certainly knows what to do. Eventually, the FM mine has to be up and running. If ABX can run it properly, there's a lot of value that can be created.

Small companies can't exist anymore in this new age of mining, oil/gas. We're going to see a lot of M&A.

precious metals
BUY
Barrick Gold

Has underperformed the gold price, but so have gold stocks in general. ABX has an unusual good collection of high-quality gold assets. He's done well investing in companies that the CEO has run. Continues to be long this.

precious metals
PARTIAL BUY
Barrick Gold

Earnings should pick up given the rise in gold prices in recent weeks. This should continue. Guidance says that production side won't be strong in 2024, though copper will see more opportunities than gold. Overall, he sees a little more upside in 2024.

precious metals
COMMENT
Barrick Gold

The chart shows resistance broken, and a reverse head-and-shoulders pattern. He isn't a gold bug; it's hard to predict gold prices, though it's doing well now. The chart could return to $25, and if it breaks that it could rise further. Doesn't know.

precious metals
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
Showing 1 to 15 of 897 entries

Barrick Gold(ABX-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 6

Total Signals / Votes : 11

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, 11 stock analysts published opinions about ABX-T. 4 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?

11 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 2024-06-21, Barrick Gold (ABX-T) stock closed at a price of $22.68.