Honestly, if you've been tracking the ABX stock price lately, you're probably feeling a mix of adrenaline and total confusion. One day it's soaring on geopolitical jitters, and the next, analysts are screaming that it’s overvalued. It is a wild time to be looking at gold.
As of mid-January 2026, the ticker is sitting in a fascinating spot. While most investors still call it "Barrick Gold," the company actually rebranded to Barrick Mining Corporation back in May 2025. On the Toronto Stock Exchange, it still trades as ABX, but if you’re looking at the NYSE, the old "GOLD" ticker is gone—it’s just "B" now.
Currently, the ABX stock price on the TSX is hovering around $67.79 CAD. It’s been a monster run. Just a year ago, this thing was trading in the low $20s.
We are talking about a 180% surge in 2025. That isn't just "good performance." It is a generational breakout for a mining giant. But before you dive in, we need to talk about why the floor might be a lot shakier than the "gold bugs" want to admit.
The Geopolitical Engine Driving ABX
Gold doesn't just go up because people like shiny things. It goes up because the world feels like it's falling apart. In the last year, we've seen a perfect storm. The U.S. blockade of Venezuela and the ongoing grind of the war in Ukraine have sent investors sprinting toward "safe havens."
When the news cycle gets dark, the ABX stock price usually brightens up.
But it’s not just war. Central banks are hoarding the stuff. We’ve seen record-breaking accumulation from central banks in Asia and the Middle East, which creates a massive price floor for bullion. If gold stays above $4,500 an ounce, Barrick is basically printing money at their Tier One sites like Cortez and Carlin in Nevada.
The Copper Wildcard
Everyone focuses on the gold, but Mark Bristow—the guy who led the company through this massive growth before stepping down in late 2025—was obsessed with copper. He knew that if the world is going to electrify, it needs copper.
Barrick isn't just a gold miner anymore. They are a massive copper player, especially with the Reko Diq project.
This gives the ABX stock price a different flavor than its competitors. When you buy ABX, you're betting on the "green energy" transition just as much as you're betting on a global economic collapse. It’s a weird, contradictory hedge.
What the Analysts are Quietly Worried About
Here is the part the hype-men on social media ignore. Morningstar recently slapped a 1-star rating on Barrick, essentially saying it’s trading way above its fair value. Their analysts, like Vikram Barhat, have pointed out that the price-to-fair-value ratio is hitting 1.75.
In plain English? You might be paying $1.75 for every $1.00 of actual value.
That is a dangerous game. If inflation cools faster than expected or if the Fed keeps rates higher for longer than the market "priced in," that premium could evaporate overnight. Some firms, like Capital Economics, are even forecasting that gold could drop from its $4,500 highs back down to $3,500 by the end of 2026.
If that happens, the ABX stock price will take a localized beating.
The Numbers You Actually Need to Know
If you're looking at the fundamentals, Barrick is in surprisingly good health for a mining company. Usually, these firms are buried in debt. Not Barrick.
- Net Cash: They ended Q3 2025 with about $300 million in net cash.
- Dividends: They’re paying a quarterly dividend of $0.175 USD, which works out to a yield of roughly 1.4% to 1.5% depending on the day.
- Earnings: They recently posted a net income of $1.3 billion for a single quarter. That’s a 170% jump year-over-year.
Why the Rebrand to Barrick Mining Actually Matters
The shift from "Barrick Gold" to "Barrick Mining Corporation" wasn't just a marketing gimmick. It was a signal. By dropping "Gold" from the name and grabbing the single-letter ticker "B" on the NYSE, they’re telling the market they want to be seen as a diversified industrial giant—like a Rio Tinto or a BHP—rather than just a precious metals play.
They want the institutional money that usually avoids the volatility of pure gold stocks.
Management Shakeups
One thing that’s making the market twitchy is the leadership. Mark Bristow stepped down in September 2025. Transitions in mining are always messy because these projects have 20-year lifespans. The new leadership has big shoes to fill, especially regarding the messy situation in Mali.
The Malian government has been putting the squeeze on the Loulo-Gounkoto mine, even arresting employees and threatening to take over administration. If that goes south, it’s a huge chunk of production gone.
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Is it Too Late to Buy?
If you're looking for a "get rich quick" play, you probably missed the boat. The 180% gains of 2025 are likely a once-in-a-decade event.
However, if you think the dollar is headed for a long-term slide or that geopolitical tensions are the "new normal," ABX remains the most liquid, well-managed way to play that hand. Just don't expect a smooth ride. Mining is a dirty, difficult, and politically sensitive business.
Your Next Moves
- Watch the February 5th Earnings Call: This is where the company will report its full-year 2025 results. It will be the first major test for the post-Bristow leadership.
- Set a Price Floor: Given the "overvalued" warnings, setting trailing stop-losses is a smart way to protect the massive gains from last year.
- Monitor Copper Prices: Keep an eye on the LME copper stocks. If copper starts to slide, ABX will lose its "growth" narrative and trade strictly like a gold proxy again.
- Check the Mali News: Any headline about a settlement with the Malian government would likely provide a short-term pop for the ABX stock price.
Investing in miners is never just about the metal in the ground. It’s about the politics on the surface. Right now, the surface is looking pretty complicated.
Actionable Insight: If you're currently holding ABX, consider the current 52-week high of $70.08 CAD as a major psychological resistance level. If it fails to break that on high volume after the February earnings call, it might be time to take some profits off the table and wait for a correction toward the $55-$60 range.