TD Cuts Barrick Mining (NYSE:B) Price Target to $59.00

Key Points

• TD lowered Barrick Mining’s price target to $59 from $61 while maintaining a “buy” rating, implying approximately 46% upside from the stock’s previous close.
• Barrick shares fell 1.3% to $40.34, while analyst sentiment remained favorable: the stock has a consensus “Moderate Buy” rating and an average price target of $52.79.
• Second-quarter adjusted EPS of $0.82 slightly exceeded estimates and rose from $0.47 a year earlier, but revenue of $4.19 billion missed the $5.10 billion consensus forecast by a wide margin.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX had its price target reduced by TD from $61.00 to $59.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the gold and copper producer's stock. TD's price objective indicates a potential upside of 46.26% from the stock's previous close.

B has been the topic of a number of other research reports. Barclays dropped their price target on shares of Barrick Mining from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 15th. Citigroup reissued a "positive" rating on shares of Barrick Mining in a research report on Wednesday, July 15th. Wall Street Zen downgraded Barrick Mining from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 25th. Bank of America cut their price objective on Barrick Mining from $56.00 to $54.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Barrick Mining in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Barrick Mining presently has a consensus rating of "Moderate Buy" and an average target price of $52.79.

Barrick Mining Stock Down 1.3%

NYSE B traded down $0.54 during trading on Tuesday, hitting $40.34. 8,766,842 shares of the company traded hands, compared to its average volume of 13,233,621. Barrick Mining has a 12 month low of $22.95 and a 12 month high of $54.69. The business has a fifty day simple moving average of $38.34 and a 200 day simple moving average of $41.97. The company has a market capitalization of $66.39 billion, a P/E ratio of 11.15, a PEG ratio of 0.93 and a beta of 0.47. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its quarterly earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the company posted $0.47 EPS. The firm's revenue was up 43.8% on a year-over-year basis. As a group, sell-side analysts predict that Barrick Mining will post 3.57 EPS for the current year.

Hedge Funds Weigh In On Barrick Mining

Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in shares of Barrick Mining by 22.8% during the 4th quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer's stock worth $2,413,699,000 after purchasing an additional 10,287,544 shares in the last quarter. Royal Bank of Canada boosted its stake in 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 boosted its stake in 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 increased its holdings in Barrick Mining by 61.9% in the 4th quarter. Mackenzie Financial Corp now owns 20,591,745 shares of the gold and copper producer's stock valued at $909,104,000 after buying 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% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 90.82% of the company's stock.

Trending Headlines about Barrick Mining

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

• Positive Sentiment: Barrick and Newmont resolved their longstanding Nevada Gold Mines dispute in an agreement involving approximately $1.95 billion in cash and the contribution of additional development properties. The deal removes a major source of uncertainty and gives Newmont consent for Barrick’s planned North American gold IPO. Barrick and Newmont Reach Agreement Regarding Nevada Gold Mines Joint Venture
• Positive Sentiment: Management is targeting a year-end IPO of its combined North American gold assets, which could unlock value, provide strategic flexibility and sharpen the valuation of Barrick’s remaining international portfolio. Barrick Q2 Earnings Call Centers on Newmont Deal and IPO
• Positive Sentiment: Second-quarter adjusted earnings of $0.82 per share slightly exceeded the company’s cited consensus estimate of $0.81, while earnings increased sharply from $0.47 a year earlier. Gold production also reportedly exceeded guidance, and Barrick returned roughly $1.5 billion to shareholders. Barrick Mining Corp Q2 2026 Earnings Call Highlights
• Positive Sentiment: Barrick maintained its 2026 guidance and declared a quarterly dividend of $0.175 per share, payable September 15 to shareholders of record August 31. Barrick Declares Q2 Dividend
• Neutral Sentiment: Barrick appointed Sebastiaan Bock as CEO, Rest of World, giving him responsibility for gold and copper assets outside North America. The move establishes a clearer management structure ahead of the proposed IPO but adds to the company’s broader corporate transition. Barrick Appoints Sebastiaan Bock CEO, Rest of World
• Negative Sentiment: Revenue of $4.19 billion fell well short of the roughly $5.10 billion analyst expectation. Reports also cited rising gold production costs and updated capital-expenditure guidance, raising concerns about margins and execution despite year-over-year growth. Barrick Mining Misses Q2 Earnings As JV Deal Clears IPO Path
• Negative Sentiment: Some investors remain opposed to the North American IPO and the planned overhaul, creating uncertainty about shareholder support, transaction execution and the eventual value of the spun-out assets. Barrick Chairman’s Planned Overhaul Meets Investor Backlash

Barrick Mining Company Profile

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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