Barrick Mining (NYSE:B) Price Target Lowered to $55.00 at Scotiabank

Barrick Mining (NYSE:B) (TSE:ABX) had its price objective reduced by analysts at Scotiabank from $57.00 to $55.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the gold and copper producer’s stock. Scotiabank’s price objective indicates a potential upside of 34.15% from the stock’s previous close.

A number of other equities analysts also recently weighed in on B. Barclays lowered their target price on shares of Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. TD lowered their price objective on shares of Barrick Mining from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Tuesday. Wall Street Zen cut shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. JPMorgan Chase & Co. cut their target price on shares of Barrick Mining from $58.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada reduced their price target on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.64.

Barrick Mining Stock Up 2.2%

B stock traded up $0.87 during mid-day trading on Wednesday, reaching $41.00. The company had a trading volume of 4,409,881 shares, compared to its average volume of 13,204,383. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. The stock has a 50 day simple moving average of $38.28 and a two-hundred day simple moving average of $41.91. The company has a market capitalization of $67.48 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 0.87 and a beta of 0.47. Barrick Mining has a 52 week low of $23.43 and a 52 week high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Barrick Mining had a return on equity of 16.17% and a net margin of 31.60%.The business’s revenue was up 43.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 EPS. As a group, equities analysts predict that Barrick Mining will post 3.57 earnings per share for the current fiscal year.

Institutional Trading of Barrick Mining

Institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in Barrick Mining by 22.8% in the 4th quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer’s stock valued at $2,413,699,000 after buying an additional 10,287,544 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Barrick Mining by 10.9% during the first quarter. Royal Bank of Canada now owns 39,598,520 shares of the gold and copper producer’s stock worth $1,615,225,000 after buying an additional 3,881,841 shares in the last quarter. FIL Ltd lifted its holdings in shares of Barrick Mining by 85.3% during the fourth quarter. FIL Ltd now owns 30,099,422 shares of the gold and copper producer’s stock worth $1,311,169,000 after buying an additional 13,853,587 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Barrick Mining by 61.9% in the fourth quarter. Mackenzie Financial Corp now owns 20,591,745 shares of the gold and copper producer’s stock valued at $909,104,000 after acquiring an additional 7,870,411 shares during the period. Finally, TD Asset Management Inc boosted its position in shares of Barrick Mining by 5.6% in the fourth quarter. TD Asset Management Inc now owns 20,395,667 shares of the gold and copper producer’s stock valued at $889,627,000 after acquiring an additional 1,086,332 shares during the period. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining News Summary

Here are the key news stories impacting Barrick Mining this week:

• Positive Sentiment: Barrick and Newmont resolved outstanding disputes involving Nevada Gold Mines and agreed to combine additional development assets, including Barrick’s Fourmile project and Newmont’s Fiberline and Mike projects. The agreement also clears the way for Barrick’s planned IPO of combined North American gold assets, which could unlock value and provide funding flexibility. Barrick, Newmont sign new agreement to finalise NGM joint venture
• Positive Sentiment: Second-quarter gold production reportedly exceeded guidance, while Barrick returned approximately $1.5 billion to shareholders. Management maintained its 2026 guidance, suggesting it still expects the operating plan to hold despite cost pressures. Barrick Mining Corp Q2 earnings call highlights
• Positive Sentiment: TD retained a “buy” rating while lowering its price target from $61 to $59, leaving substantial implied upside based on the quoted price. Barrick also declared a quarterly dividend of $0.175 per share, with an approximately 1.7% annualized yield. Barrick analyst rating
• Neutral Sentiment: Barrick appointed Sebastiaan Bock as CEO, Rest of World, to oversee gold and copper operations outside North America. The move supports the company’s restructuring ahead of the proposed IPO, but investors will look for evidence that the new structure improves execution. Barrick appoints Sebastiaan Bock CEO, Rest of World
• Negative Sentiment: Revenue of $4.19 billion came in well below the roughly $5.1 billion analyst estimate, and reports highlighted rising gold costs. Although adjusted EPS of $0.82 was slightly above some consensus estimates, the revenue miss and cost concerns overshadowed the earnings beat. Canada’s Barrick misses profit estimates as gold costs rise
• Negative Sentiment: Investors remain concerned that the Newmont transaction and North American asset IPO will involve execution, integration and valuation risks, potentially delaying the benefits of the restructuring.

About Barrick Mining

Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.