Barrick Mining (NYSE:B) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Barrick Mining (NYSE:B) (TSE:ABX) had its price objective dropped by research analysts at JPMorgan Chase & Co. from $55.00 to $53.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the gold and copper producer’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 32.67% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. TD set a $59.00 price target on shares of Barrick Mining and gave the company a “buy” rating in a report on Wednesday, September 16th. Wall Street Zen cut shares of Barrick Mining from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. RBC Dominion Securities set a $53.00 price target on Barrick Mining and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Scotiabank lowered their price objective on shares of Barrick Mining from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada increased their target price on Barrick Mining from $49.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.47.

Barrick Mining Stock Performance

Barrick Mining stock traded down $2.32 during midday trading on Tuesday, reaching $39.95. 5,154,013 shares of the company’s stock were exchanged, compared to its average volume of 11,926,766. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.36 and a current ratio of 3.01. Barrick Mining has a 52 week low of $34.03 and a 52 week high of $54.69. The stock’s 50-day simple moving average is $41.25 and its 200 day simple moving average is $41.95. The firm has a market cap of $65.06 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 1.25 and a beta of 0.52.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Monday, November 9th. The gold and copper producer reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $5.10 billion. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%. The firm’s revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 EPS. On average, analysts expect that Barrick Mining will post 3.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of B. Public Sector Pension Investment Board boosted its position in shares of Barrick Mining by 34.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,208,800 shares of the gold and copper producer’s stock worth $130,928,000 after purchasing an additional 826,868 shares in the last quarter. Summit Wealth Group LLC OK bought a new stake in Barrick Mining during the third quarter worth $204,000. Minneapolis Portfolio Management Group LLC purchased a new stake in shares of Barrick Mining in the third quarter valued at about $26,868,000. Thoroughbred Financial Services LLC increased its position in shares of Barrick Mining by 12.1% during the third quarter. Thoroughbred Financial Services LLC now owns 17,952 shares of the gold and copper producer’s stock valued at $730,000 after acquiring an additional 1,932 shares during the last quarter. Finally, Alberta Investment Management Corp raised its position in Barrick Mining by 40.8% in the third quarter. Alberta Investment Management Corp now owns 4,863,602 shares of the gold and copper producer’s stock worth $197,782,000 after acquiring an additional 1,410,040 shares during the period. 90.82% of the stock is owned by institutional investors.

More Barrick Mining News

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

About Barrick Mining

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.