Barrick Mining's Stock Performance: Barrick Mining's stock has seen significant gains, with a 170.2% increase year-to-date and a 156.6% rise over the past year, driven by optimism in gold and copper markets amid inflation and geopolitical concerns.
Valuation Analysis: A Discounted Cash Flow (DCF) model indicates that Barrick is undervalued by 65.3%, with an estimated intrinsic value of $124.29 per share compared to its current market price.
Price to Earnings Ratio: Barrick's price-to-earnings (PE) ratio of 20.33x is below the industry average, suggesting that the market is valuing the company at a discount relative to its peers, despite its strong performance.
Narrative Valuation Approach: Simply Wall St offers a Narrative tool that allows investors to create personalized forecasts for Barrick Mining, linking assumptions about future performance to fair value estimates, which can help in making informed investment decisions.
Wall Street analysts forecast B stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for B is 46.72 USD with a low forecast of 38.00 USD and a high forecast of 55.00 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.
15 Analyst Rating
Wall Street analysts forecast B stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for B is 46.72 USD with a low forecast of 38.00 USD and a high forecast of 55.00 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 Buy
2 Hold
0 Sell
Strong Buy
Current: 49.240
Low
38.00
Averages
46.72
High
55.00
Current: 49.240
Low
38.00
Averages
46.72
High
55.00
BofA
Neutral -> Buy
upgrade
$38 -> $48
2025-11-24
Reason
BofA
Price Target
$38 -> $48
AI Analysis
2025-11-24
upgrade
Neutral -> Buy
Reason
BofA upgraded Barrick Mining to Buy from Neutral with a price target of $48, up from $38, citing an increased focus on capital return, a strategic redirection of the business to developed market from emerging market jurisdictions, and expected improvement in Nevada Gold Mines' 2026 unit costs. The firm also cites what it views as "still underappreciated upside" from the Fourmile project and an attractive relative valuation to senior peers
Cormark
Market Perform -> Buy
upgrade
$66
2025-11-11
Reason
Cormark
Price Target
$66
2025-11-11
upgrade
Market Perform -> Buy
Reason
Cormark upgraded Barrick Mining to Buy from Market Perform with a C$66 price target.
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Scotiabank
Sector Perform -> Outperform
upgrade
$43
2025-10-23
Reason
Scotiabank
Price Target
$43
2025-10-23
upgrade
Sector Perform -> Outperform
Reason
Scotiabank upgraded Barrick Mining to Outperform from Sector Perform with a $43 price target.
Scotiabank
Sector Perform -> Outperform
upgrade
$43
2025-10-23
Reason
Scotiabank
Price Target
$43
2025-10-23
upgrade
Sector Perform -> Outperform
Reason
Scotiabank upgraded Barrick Mining to Outperform from Sector Perform with a price target of $43, up from $27.50. The firm cites its higher gold price forecasts for the upgrade. Barrick should see better operating performance as a result and the stock's valuation is still attractive, the analyst tells investors in a research note. Scotiabank increased its gold price forecast to $3,450 and $3,800 per ounce for 2025 and 2026, respectively.
About B
Barrick Mining Corporation is a gold and copper producer, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Papua New Guinea, Tanzania and the United States. Its copper mines are located in Zambia, Chile and Saudi Arabia. Its operations include Nevada Gold Mines, Bulyanhulu, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Veladero and Zaldivar. Its Bulyanhulu operation is located in north-west Tanzania, over 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Jabal Sayid copper operation is located approximately 350 km north-east of Jeddah in the Kingdom of Saudi Arabia. The Lumwana copper mine is a conventional open pit operation.
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.
