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

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.

DON'T BUY

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.

PARTIAL BUY

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.

COMMENT

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

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.

DON'T BUY

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

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.

BUY

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.

BUY

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.

BUY

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.

PAST TOP PICK

(A Top Pick Jan 07/20, Up 27%) He would buy it again. It is quite cheap relative to its own long term range. He thinks it will go right back up to its former high.

DON'T BUY

Gold peaked in August, and has been slipping, especially the stocks. The reason is a move into copper and other recovery-based metals. That said, negative interest rates are a tailwind for gold, and you need to own 3-5% gold stocks in your portfolio. Barrick is not his first choice, prefers B2Gold or Agnico-Eagle, for example. Also, he prefers silver to gold. Bitcoin is a whole different story....

WEAK BUY

Don't have all your money in gold, but a percentage in gold or the precious metals (miners) does make sense. Doesn't know Barrick well. It's the biggest. Lowest risk way to express this trade in the market. He owns Kirkland Lake and Pan American Silver. He also owns PHYS.

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

PAST TOP PICK

(A Top Pick Jul 28/20, Down 17.9%)Stockchase Research Editor: Michael O'Reilly ABX has breached our $30 stop loss. To be disciplined, we are recommending covering the position at this time. We will continue to look to gold as a hedging strategy going forward.

Premium content

Unlock this Panic-proof Portfolio opinion with Stockchase Premium

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 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)

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