ETF Analysis: The SPDR S&P Global Natural Resources ETF (GNR) has an implied analyst target price of $63.99, indicating a potential upside of 10.21% from its current trading price of $58.06.
Notable Holdings: Key underlying holdings with significant upside potential include Suzano SA (81.41% upside), Barrick Mining Corp (21.04% upside), and Nutrien Ltd (18.55% upside) based on their respective analyst target prices.
Market Sentiment: The article raises questions about whether analysts' target prices are justified or overly optimistic, suggesting that high targets could lead to future downgrades if they do not align with market realities.
Investor Considerations: Investors are encouraged to conduct further research to assess the validity of analyst targets in light of recent developments in the companies and their industries.
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: 49.070
Low
38.00
Averages
46.72
High
55.00
Current: 49.070
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.
