Should You Buy Barrick Mining Corp (B) Today? Analysis, Price Targets, and 2026 Outlook.
Conclusion
Buy
Latest Price
52.980
1 Day change
1.55%
52 Week Range
53.280
Analysis Updated At
2026/01/28
Buy now for a long-term beginner investor. The technical trend is firmly bullish (bullish MA stack and strengthening MACD), fundamentals are accelerating (2025/Q3 revenue +23% YoY; EPS +171% YoY), Wall Street price targets are being raised, and gold’s breakout above $5,000/oz is a strong macro tailwind for large gold producers. While the stock looks short-term stretched (RSI elevated and price near resistance), the current setup still favors owning it now rather than waiting for a perfect dip given the strong catalyst backdrop (gold strength + potential North America asset spin-off + upcoming earnings).
Technical Analysis
Trend/structure: Bullish. Moving averages are stacked positively (SMA_5 > SMA_20 > SMA_200), consistent with a sustained uptrend.
Momentum: MACD histogram is positive (0.0852) and expanding, signaling strengthening upside momentum.
Overbought/extension risk: RSI_6 is 79.0 (elevated), implying the stock is extended and prone to short-term pullbacks even within an uptrend.
Key levels: Pivot 50.461. Resistance: R1 52.476 (already reclaimed) and R2 53.721 (current price 53.055 is approaching this level). Support: S1 48.446.
Pattern-based near-term odds: Similar-pattern model suggests modest upside next week (+1.45%) but a softer 1-month expectation (-3.15%), which fits the idea of near-term digestion after a strong run.
**Intellectia Proprietary Trading Signals**
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock recently.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Sentiment: Bullish tilt. Both put-call ratios are low (more call interest and call trading vs puts), typically reflecting optimistic positioning.
Positioning/liquidity: Large total OI (calls 955,541 vs puts 573,772) supports active participation.
Risk/uncertainty pricing: Implied volatility is high (30D IV 46.46) with very elevated IV percentile (88.76) and IV rank (77.14), meaning options are pricing above-normal uncertainty—often seen around major macro moves (gold) and/or event risk (earnings/spin-off headlines).
Technical Summary
Sell
5
Buy
10
Positive Catalysts
2026/01/28 09:48:03
- Gold macro tailwind: Gold surpassing $5,000/oz supports cash flows and investor appetite for senior gold miners.
- Corporate action optionality: Potential North America gold assets spin-off could unlock value and sharpen the story (higher-quality jurisdictions focus).
- Earnings catalyst: QDEC 2025 earnings on 2026-02-05 (pre-market) with EPS estimate 0.89 could reinforce the uptrend if margins/costs remain favorable.
- Short-term technical stretch: Elevated RSI and price nearing R2 resistance (53.721) increase odds of a near-term pullback even if the longer trend remains up.
- Options market pricing: High IV indicates the market expects larger-than-usual moves; adverse surprises can be amplified.
- No supportive “smart money” signal: Hedge fund and insider activity reported as neutral; no confirmatory buying trend from those groups.
- Congress/politician activity: No recent congress trading data available (no confirming signal from that channel).
Financial Performance
Latest reported quarter: 2025/Q3.
Growth and profitability accelerated sharply: Revenue $4.148B (+23.16% YoY), Net Income $1.302B (+169.57% YoY), EPS $0.76 (+171.43% YoY). Gross margin improved to 54.44 (+39.23% YoY). Overall, the quarter shows strong operating leverage and improving profitability—supportive for a long-term buy thesis, especially with gold prices strengthening.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent trend: Ratings and price targets have moved up meaningfully.
- 2026-01-26 Scotiabank: PT raised to $63 from $43, maintained Outperform (bullish rerate tied to higher gold/silver forecasts).
- 2026-01-23 Canaccord: PT raised to C$80 from C$70, maintained Buy.
- 2025-11-24 BofA: Upgraded to Buy (from Neutral), PT to $48 from $38; cited capital returns, developed-market focus, and project upside.
- 2025-11-11 Cormark: Upgraded to Buy with C$66 PT.
Wall Street pros: Stronger gold backdrop, improving cost/asset narrative, capital return focus, and project upside are driving higher targets.
Wall Street cons: Execution and approval risk around strategic changes (spin-off) plus the stock’s near-term extended technical condition.
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 USD and a high forecast of 55 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 USD and a high forecast of 55 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: 52.170
Low
38
Averages
46.72
High
55
Current: 52.170
Low
38
Averages
46.72
High
55
Scotiabank
Outperform
upgrade
$43 -> $63
AI Analysis
2026-01-26
New
Reason
Scotiabank
Price Target
$43 -> $63
AI Analysis
2026-01-26
New
upgrade
Outperform
Reason
Scotiabank raised the firm's price target on Barrick Mining to $63 from $43 and keeps an Outperform rating on the shares. The firm is updating its price targets for Gold & Precious Minerals stocks under its coverage, the analyst tells investors. The firm has increased both gold and silver forecasts, supported by economic and geopolitical uncertainty as well as strong central bank buying.
Canaccord
Buy
maintain
$70 -> $80
2026-01-23
Reason
Canaccord
Price Target
$70 -> $80
2026-01-23
maintain
Buy
Reason
Canaccord raised the firm's price target on Barrick Mining to C$80 from C$70 and keeps a Buy rating on the shares.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for B
