Scotiabank Issues Pessimistic Forecast for Barrick Mining (NYSE:B) Stock Price

Key Points

• Scotiabank lowered Barrick Mining’s price target to $55 from $57 but maintained a “sector outperform” rating, implying about 34% upside from the reported $41 share price. Analysts overall remain moderately bullish, with a consensus target of $52.64.
• Barrick reported quarterly EPS of $0.82, narrowly beating estimates, while revenue rose 43.8% year over year to $4.19 billion but fell well short of the $5.10 billion consensus forecast. Rising gold costs and the revenue miss remain concerns despite strong margins and returns.
• The company resolved disputes with Newmont and agreed to combine additional Nevada assets, supporting a planned IPO of its North American gold assets; however, investors remain attentive to execution, integration and valuation risks. Institutional investors own approximately 90.82% of Barrick’s stock.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX had its price objective lowered by stock analysts at Scotiabank from $57.00 to $55.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "sector outperform" rating on the gold and copper producer's stock. Scotiabank's price objective suggests a potential upside of 34.15% from the company's current price.

Several other research analysts have also weighed in on the stock. Bank of America reduced their price objective on shares of Barrick Mining from $56.00 to $54.00 and set a "buy" rating on the stock in a research note on Tuesday. Canadian Imperial Bank of Commerce cut their target price on shares of Barrick Mining to $63.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 21st. JPMorgan Chase & Co. decreased their price target on shares of Barrick Mining from $58.00 to $50.00 and set an "overweight" rating for the company in a report on Tuesday, July 21st. Royal Bank Of Canada lowered their price objective on shares of Barrick Mining from $51.00 to $49.00 and set an "outperform" rating for the company in a research report on Thursday, July 9th. Finally, Barclays dropped their price objective on Barrick Mining from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Barrick Mining presently has an average rating of "Moderate Buy" and a consensus price target of $52.64.

Barrick Mining Trading Up 2.2%

B stock traded up $0.87 during midday trading on Wednesday, reaching $41.00. The company's stock had a trading volume of 4,409,881 shares, compared to its average volume of 13,204,383. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. Barrick Mining has a 52 week low of $23.43 and a 52 week high of $54.69. The business's 50-day simple moving average is $38.28 and its 200-day simple moving average is $41.91. The stock has a market cap of $67.48 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 0.87 and a beta of 0.47.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. Barrick Mining had a return on equity of 16.17% and a net margin of 31.60%.The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The company's quarterly revenue was up 43.8% on a year-over-year basis. As a group, sell-side analysts expect that Barrick Mining will post 3.57 EPS for the current year.

Institutional Trading of Barrick Mining

Hedge funds and other institutional investors have recently modified their holdings of the company. Intesa Sanpaolo Wealth Management bought a new position in shares of Barrick Mining during the fourth quarter worth about $26,000. Ascentis Independent Advisors bought a new position in shares of Barrick Mining during the 1st quarter worth approximately $28,000. JPL Wealth Management LLC bought a new position in shares of Barrick Mining during the 3rd quarter worth approximately $28,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Barrick Mining in the fourth quarter valued at approximately $30,000. Finally, Motiv8 Investments LLC bought a new stake in shares of Barrick Mining in the fourth quarter worth $31,000. Institutional investors and hedge funds own 90.82% of the company's stock.

Key Stories Impacting Barrick Mining

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.

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