TSE:ABX
30.01
0.38
(1.25%)
Barrick Gold Corporation is the largest gold mining company in the world, with its headquarters in Toronto, Ontario, Canada.
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Barrick Gold
ABX-T
Analysis and Opinions about ABX-T
Signal
Opinion
Expert
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 opinion
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)
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.
COMMENT
COMMENT
September 25, 2020
If there is a huge inflationary monetary stimulus policy, then gold becomes attractive. He is wary of a repeat of what happened in 2013 to now where the gold price collapsed and dividends were cut. However, it is the most liquid company in the space and he holds it for his clients.
Show full opinionHide full opinionIf there is a huge inflationary monetary stimulus policy, then gold becomes attractive. He is wary of a repeat of what happened in 2013 to now where the gold price collapsed and dividends were cut. However, it is the most liquid company in the space and he holds it for his clients.
TOP PICK
TOP PICK
September 8, 2020
He's been bullish gold for two years and remains so. We'll continue to see the debasement of currencies against hard assets, so gold is in the sweet spot. Barrick shares will consolidate around these levels for a while. He owns Barrick long term and doesn't trade it. It boasts record free cash flow. (Analysts’ price target is $42.38)
Show full opinionHide full opinionHe's been bullish gold for two years and remains so. We'll continue to see the debasement of currencies against hard assets, so gold is in the sweet spot. Barrick shares will consolidate around these levels for a while. He owns Barrick long term and doesn't trade it. It boasts record free cash flow. (Analysts’ price target is $42.38)
COMMENT
COMMENT
September 2, 2020
He's not a gold bug. A good company. A lot of the mining jurisdictions are subject to political whims, so a more complex dynamic. He'd go with an ETF that goes with the gold miners, instead of the price. But this is not his specialty.
Show full opinionHide full opinionHe's not a gold bug. A good company. A lot of the mining jurisdictions are subject to political whims, so a more complex dynamic. He'd go with an ETF that goes with the gold miners, instead of the price. But this is not his specialty.
TOP PICK
TOP PICK
August 28, 2020
Still likes the exposure to gold. It has cleaned up their finances and assets. He believes it can go up to $50 in the next couple years. The cycle is probably much longer. (Analysts’ price target is $42.44)
Show full opinionHide full opinionStill likes the exposure to gold. It has cleaned up their finances and assets. He believes it can go up to $50 in the next couple years. The cycle is probably much longer. (Analysts’ price target is $42.44)
TOP PICK
TOP PICK
July 28, 2020
Stockchase Research Editor: Michael O'Reilly With gold prices hitting highs over $1900 per oz and the US dollar falling over pandemic concerns ABX is a strong pick. The company is one of the worlds largest producers with over 31 million ounces of proven and probable reserves. The high current gold prices will ensure the company hits its 2020 production target of 4.6 - 5.0 million ounces. It is one of the only gold producers who pays a dividend and with a payout ratio of only 8% of cash flow, the dividend is safe. Yield 0.95%
Show full opinionHide full opinionStockchase Research Editor: Michael O'Reilly With gold prices hitting highs over $1900 per oz and the US dollar falling over pandemic concerns ABX is a strong pick. The company is one of the worlds largest producers with over 31 million ounces of proven and probable reserves. The high current gold prices will ensure the company hits its 2020 production target of 4.6 - 5.0 million ounces. It is one of the only gold producers who pays a dividend and with a payout ratio of only 8% of cash flow, the dividend is safe. Yield 0.95%
SELL STRENGTH
SELL STRENGTH
July 22, 2020
Gold stocks have done a terrible job creating investor wealth. The share price is basically where it was 30 years ago. If gold keeps going up, then the share price will go up. When interest rates go up, it will be the end of this gold run. He would suggest taking profit and going elsewhere.
Show full opinionHide full opinionGold stocks have done a terrible job creating investor wealth. The share price is basically where it was 30 years ago. If gold keeps going up, then the share price will go up. When interest rates go up, it will be the end of this gold run. He would suggest taking profit and going elsewhere.
DON'T BUY
DON'T BUY
July 10, 2020
Gold. Gold is not his cup of tea. He has a model price that is over 40% lower than current market prices. He would rather put his money some place else -- outside gold. He would favour stocks that will benefit post-pandemic trends, like e-commerce.
Show full opinionHide full opinionGold. Gold is not his cup of tea. He has a model price that is over 40% lower than current market prices. He would rather put his money some place else -- outside gold. He would favour stocks that will benefit post-pandemic trends, like e-commerce.
WEAK BUY
WEAK BUY
July 6, 2020
A huge gold company. He took a good look at them two years ago and then last week, and he feels KL-T is the best premier gold company in Canada. He thinks all gold companies will benefit if gold does what he thinks it will do.
A huge gold company. He took a good look at them two years ago and then last week, and he feels KL-T is the best premier gold company in Canada. He thinks all gold companies will benefit if gold does what he thinks it will do.
COMMENT
COMMENT
June 5, 2020
He thinks the macro fundamentals for gold are positive for the first time in a while. He is adding it to his portfolio. We are crossing into a new paradigm with how much government support is driving this market. There will eventually be a cost for this and gold is a good hedge to the "fiscal recklessness". He purchased ABX, because of the dividend yield that went with it.
He thinks the macro fundamentals for gold are positive for the first time in a while. He is adding it to his portfolio. We are crossing into a new paradigm with how much government support is driving this market. There will eventually be a cost for this and gold is a good hedge to the "fiscal recklessness". He purchased ABX, because of the dividend yield that went with it.
TOP PICK
TOP PICK
April 22, 2020
He has owned this for about a year. Even at today's price the shares have good upside. Monetary easing and zero interest rates makes a good environment for gold to go higher. They own assets all over the world. A top tier management team as well. Better than holding an ETF as they possess physical gold of high quality. Yield 1.01% (Analysts’ price target is $34.94)
Show full opinionHide full opinionHe has owned this for about a year. Even at today's price the shares have good upside. Monetary easing and zero interest rates makes a good environment for gold to go higher. They own assets all over the world. A top tier management team as well. Better than holding an ETF as they possess physical gold of high quality. Yield 1.01% (Analysts’ price target is $34.94)
COMMENT
COMMENT
March 27, 2020
He does not like this ETF. He would prefer to own the shares, not just holding derivatives. This can cause discounts to NAV at times. He would prefer to hold solid producers like FNV or ABX. If you want an ETF, he would pick HGGG.
DON'T BUY
DON'T BUY
March 23, 2020
He is not a big gold bug. During the last financial crisis he bought gold and used ABX-T for about a year. He is not a believer. It does not pay a yield and does not serve a purpose. They have had a troubled history. Stocks tied to everyone staying at home are going up NFLX, Dominos Pizza (DPZ-N), video game manufacturers, and AMZN-Q, for example. He likes high yield stocks but they have proved to be very disappointing.
He is not a big gold bug. During the last financial crisis he bought gold and used ABX-T for about a year. He is not a believer. It does not pay a yield and does not serve a purpose. They have had a troubled history. Stocks tied to everyone staying at home are going up NFLX, Dominos Pizza (DPZ-N), video game manufacturers, and AMZN-Q, for example. He likes high yield stocks but they have proved to be very disappointing.
Barrick Gold(ABX-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 5
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 5
Total Signals / Votes : 10
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, 10 stock analysts published opinions about ABX-T. 5 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is 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 Stockchase Research on 2020-11-12. 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?
10 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 2020-12-04, Barrick Gold (ABX-T) stock closed at a price of $30.01.
