Barrick Mining (NYSE:B) Given New $53.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan cut Barrick’s price target from $55 to $53 but maintained an “overweight” rating; the new target implies about 32.7% upside from the stock’s then-current price.
• Analyst sentiment remains broadly positive: MarketBeat reported a “Moderate Buy” consensus and an average price target of $52.47, though some brokerages have issued neutral ratings.
• Barrick’s quarterly adjusted EPS of $0.82 beat estimates, and revenue rose 22% year over year, but higher all-in sustaining costs and lower free cash flow may limit the benefit to investors.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from $55.00 to $53.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an "overweight" rating on the gold and copper producer's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 32.67% from the company's current price.

A number of other brokerages have also commented on B. Weiss Ratings upgraded Barrick Mining from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Canadian Imperial Bank of Commerce downgraded Barrick Mining from a "sector outperform" rating to a "neutral" rating and lowered their target price for the company from $57.00 to $49.00 in a research note on Friday, October 16th. RBC Dominion Securities set a $53.00 price objective on Barrick Mining and gave the stock an "outperform" rating in a report on Thursday, October 22nd. TD set a $59.00 target price on Barrick Mining and gave the company a "buy" rating in a report on Wednesday, September 16th. Finally, Royal Bank Of Canada boosted their price objective on shares of Barrick Mining from $49.00 to $53.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, Barrick Mining currently has an average rating of "Moderate Buy" and a consensus price target of $52.47.

Barrick Mining Price Performance

Barrick Mining stock traded down $2.32 during mid-day trading on Tuesday, hitting $39.95. The company's stock had a trading volume of 5,154,013 shares, compared to its average volume of 11,926,766. The stock's fifty day moving average price is $41.25 and its two-hundred day moving average price is $41.95. The stock has a market capitalization of $65.06 billion, a P/E ratio of 10.28, a P/E/G ratio of 1.25 and a beta of 0.52. The company has a quick ratio of 2.36, a current ratio of 3.01 and a debt-to-equity ratio of 0.13. Barrick Mining has a twelve month low of $34.03 and a twelve month high of $54.69.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its quarterly earnings results on Monday, November 9th. The gold and copper producer reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.08. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the company posted $0.58 EPS. Barrick Mining's revenue for the quarter was up 22.3% on a year-over-year basis. Research analysts forecast that Barrick Mining will post 3.49 earnings per share for the current year.

Hedge Funds Weigh In On Barrick Mining

Several hedge funds and other institutional investors have recently modified their holdings of B. Ascentis Independent Advisors bought a new stake in shares of Barrick Mining in the 1st quarter valued at about $28,000. Continuum Advisory LLC bought a new stake in shares of Barrick Mining in the 2nd quarter valued at $32,000. Allied Private Wealth LLC acquired a new stake in Barrick Mining during the 2nd quarter worth $35,000. Silver Grove Financial Group Inc. lifted its holdings in Barrick Mining by 42.7% during the third quarter. Silver Grove Financial Group Inc. now owns 893 shares of the gold and copper producer's stock worth $36,000 after acquiring an additional 267 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Barrick Mining during the 3rd quarter valued at about $38,000. Institutional investors own 90.82% of the company's stock.

Barrick Mining News Roundup

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

• Positive Sentiment: Earnings and production beat expectations. Third-quarter adjusted EPS was $0.82, above estimates, while revenue rose 22% to about $5.07 billion as higher gold prices lifted results. Gold production increased 6% year over year, and Barrick reaffirmed its 2026 production guidance. Article: Barrick lifts adjusted earnings 41% as revenue reaches $5.1 billion
• Positive Sentiment: Capital returns and a potential spinoff offer support. Barrick declared a $0.175-per-share quarterly dividend and is emphasizing buybacks. It also hopes to pursue an IPO of its Nevada Gold Mines assets in late 2026 or early 2027, which could help unlock value. Article: Barrick Mining leans on capital returns as valuation debate heats up
• Negative Sentiment: Rising costs temper the earnings beat. All-in sustaining costs climbed to $1,911 per ounce, and reports point to lower free cash flow, raising questions about how much of the benefit from elevated gold prices will reach investors. Article: Barrick's earnings beat could be overshadowed by an even bigger opportunity

Barrick Mining Company Profile

Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions. The company’s gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d’Ivoire, Tanzania and the Democratic Republic of the Congo.

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