Barrick Gold (B) News Today

Overview: Barrick Gold Corp (NYSE:B) shares have moved lower as the company grapples with an escalating legal dispute over its Loulo-Gounkoto mine operations in Mali, even as analysts maintain constructive long-term outlooks.

• Brokerages have set a price target of $24.05 on B shares, suggesting room for upside from current levels.
• Wall Street analysts’ consensus indicates a potential 27.9% rally in Barrick Gold, driven by upward revisions to earnings estimates.
• Fifteen research firms rate Barrick as a “Moderate Buy,” reflecting broad analyst confidence in the shares.
• Barrick maintains that Mali’s bid to take over Loulo-Gounkoto lacks legal basis—an argument that may favorably influence the final tribunal ruling but leaves near-term production uncertain.
• Agnico Eagle’s recent ascent to the top of the gold-miner market cap rankings highlights strong sector momentum but underscores intensifying competition for Barrick.
• Shares gapped down amid investor concern over potential interruptions at Loulo and Gounkoto following government takeover attempts.
• Barrick has filed multiple appeals and objections against the Malian government’s requests to assume day-to-day mine control, prolonging legal uncertainty.
• Continued disputes in Mali risk production delays, higher costs and could weigh on near-term cash flow and profitability.