Barrick Reports 21% Copper Production Increase, Plans IPO for North American Gold Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: stocktwits
- Copper Production Surge: Barrick's copper production year-to-date is 21% higher than the first nine months of 2024, driven by a 42% increase at Lumwana, enhancing the company's competitive edge in the global copper market and supporting its long-term strategy.
- Gold Price Rally: Gold prices continue to rise into 2026 due to geopolitical tensions and expectations of a U.S. Federal Reserve rate cut, with spot gold reaching $4,633.40 per ounce, boosting Barrick's profitability and cash flow generation.
- IPO Initiative: Barrick is exploring an initial public offering for its North American gold assets by early 2026, intending to retain a significant controlling interest in the new company, which will provide additional capital for future expansion and investments.
- Retail Sentiment Shift: Retail sentiment on Barrick shifted from 'bullish' to 'neutral' on Stocktwits, despite a 2800% increase in followers over the past year, indicating sustained market interest in the company's future performance.
Analyst Views on GOLD
Wall Street analysts forecast GOLD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOLD is 24.76 USD with a low forecast of 21.76 USD and a high forecast of 31.20 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
10 Buy
3 Hold
0 Sell
Strong Buy
Current: 40.090
Low
21.76
Averages
24.76
High
31.20
Current: 40.090
Low
21.76
Averages
24.76
High
31.20
About GOLD
Gold.com, Inc., formerly A-Mark Precious Metals, Inc., provides fully integrated alternative assets platform. It offers a range of precious metals, numismatic coins, and collectibles to consumers, collectors, and institutional clients. Its flagship brands include JMBullion.com, Stack’s Bowers Galleries, GovMint.com, and Goldline. Its Direct-to-Consumer segment provides access to a multitude of products through its subsidiaries. Its Wholesale and Trading segment distributes and purchases precious metal products from sovereign and private mints through its subsidiaries. Its Logistics and Storage segment supports its Direct-to-Consumer brands as well as wholesale clients through precious metals receiving, storage, and delivery. It also provides collateralized lending across the bullion and numismatic markets. It unites retail brands with minting, logistics, trading, lending, and auction services for precious metals, rare coins and currency, and other collectibles.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
