Barrick Gold (ABX.TO) Buy, Sell or Hold

Barrick Gold (ABX.TO)

56.19

-0.89 (1.56%)

as of Jun 19, 2026, 8:00:00 pm Market Open.

449 watching

BUY

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.

BUY ON WEAKNESS

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%).

BUY

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.

TOP PICK

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)

WEAK BUY

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.

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Curated by Michael O'Reilly since 2020.
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PAST TOP PICK

(A Top Pick Sep 13/22, Down 10%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with ABX has triggered its stop at $18.50. To remain disciplined, we recommend covering the position at this time.

COMMENT

Producers have had problems with labour and input costs as well the declining price of gold. Think of gold as another currency. He would need to see gold at $2000 before getting excited about it.

BUY

The miners are very cheap. The question is what's going to happen to the commodity, because you have to make your call on it before you look at the businesses. If the price of gold goes sideways, those companies won't do much. Right now, he likes stocks better than royalties. Royalty companies are better to have once things get going. Stocks like AEM, NGT and ABX are really down, and that's a better way to play now.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly With market uncertainty mounting along with fears of continued inflation, ABX is a TOP PICK. Unlike other precious metal miners, like NGT, it trades at only 14x earnings and has a sustainable dividend that is less than 30% of earnings. We recommend placing a stop loss at $18.50, looking to achieve $29.50 -- upside potential over 40%. Yield 3.8% (Analysts’ price target is $29.75)

DON'T BUY

Gold sector has been difficult, especially for the large caps. Very strong USD has held them back. Avoid. Look at some of the mid-sized companies. Gold has an interesting technical setup, so keep an eye on it.

COMMENT

People are struggling to figure out how gold stocks react in this environment. Not cheap at 15x 2023. Slightly higher costs. Copper beat. If interest rates are going up, cost for gold goes down. Producers have to contend with that. He thinks price of gold is going down. Do you want to pay 15x for declining EPS profile? If you think rates are going down, and gold is going up, then this is a fine trade.

DON'T BUY

Gold will probably do well as inflation comes off and interest rates decline, which he predicts in coming months. However, gold producers don't control the price of their product and it costs a lot to excavate that gold.

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.

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.

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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