Barrick Mining Corporation · B · FY2025 Q1 · Calendar Q2 2025
Barrick advances Tier 1 projects while managing execution risks
The supplied analysis supports a constructive but conditional view: project advancement, production at the high end of guidance and portfolio focus provide potential support, while execution, permitting, jurisdictional and commodity-price risks temper the case.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Relative to the prior-quarter analysis, the current analysis emphasizes Q1 production at the high end of guidance, the $1 billion Donlin sale and continued advancement of Pueblo Viejo, Reko Diq and Fourmile. It also adds focus on sustainability initiatives and board-led succession planning, while Mali and large-project execution remain concerns.
Guidance delta
Guidance sentiment was maintained; no change is identified in the supplied analysis.
Key takeaways
- Management described Q1 production as being at the high end of guidance, with cash-flow growth.
- The portfolio is being sharpened around Tier 1 gold and copper assets, including Pueblo Viejo, Reko Diq and Fourmile.
- Construction, permitting, commodity prices and Mali-related risks remain central to the outlook.
- Capital allocation priorities include buybacks, dividends and debt reduction using Donlin-sale proceeds.
Management priorities
- Advance Pueblo Viejo, Reko Diq, Lumwana and Fourmile
- Maintain disciplined capital allocation and debt reduction
- Continue operational-efficiency and sustainability initiatives
- Progress succession planning
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Outperform | Outperform | Maintain | Sep 16, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Sep 9, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 14, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Aug 13, 2026 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Aug 12, 2026 |
| B of A Securities | Buy | Buy | Maintain | Aug 11, 2026 |
| UBS | Buy | Buy | Maintain | Jun 30, 2026 |
| CIBC | Outperform | Outperform | Maintain | Apr 21, 2026 |
| Canaccord Genuity | Buy | Buy | Maintain | Feb 18, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Feb 9, 2026 |
| Freedom Broker | Buy | Buy | Maintain | Oct 9, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Sep 22, 2025 |
| Truist Securities | Hold | Hold | Maintain | Oct 8, 2024 |
| DA Davidson | Neutral | Buy | Downgrade | Oct 7, 2024 |
| Oppenheimer | Outperform | Outperform | Maintain | Jun 14, 2024 |
| Wolfe Research | Perform | Peer Perform | Maintain | Oct 11, 2022 |
| Alembic Global | Neutral | Overweight | Downgrade | Apr 11, 2022 |
| SunTrust Robinson Humphrey | Hold | Hold | Maintain | Jul 15, 2020 |
| Sidoti & Co. | Buy | Buy | Maintain | Mar 19, 2020 |
| Baird | Neutral | Neutral | Maintain | Jul 30, 2018 |
| Deutsche Bank | Buy | Buy | Maintain | Sep 8, 2017 |
| Jefferies | Buy | Buy | Maintain | Aug 1, 2016 |
| Drexel Hamilton | Buy | Buy | Maintain | Jul 10, 2013 |
| Keybanc | Buy | Hold | Upgrade | Mar 11, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $41.06. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Bernstein | Bob Brackett | $56.5 | $44.1 | +37.6% | Sep 9, 2026 |
| Barclays | Analyst unavailable | $42 | $41.24 | +2.3% | Aug 13, 2026 |
| Scotiabank | Tanya Jakusconek | $55 | $41.09 | +34.0% | Aug 12, 2026 |
| CIBC | Analyst unavailable | $57 | $41 | +38.8% | Aug 12, 2026 |
| Barclays | Analyst unavailable | $39 | $35.89 | -5.0% | Jul 15, 2026 |
| Scotiabank | Analyst unavailable | $57 | $36.47 | +38.8% | Jul 14, 2026 |
| RBC Capital | Analyst unavailable | $49 | $36.51 | +19.3% | Jul 9, 2026 |
| Barclays | Richard Garchitorena | $41 | $41.24 | -0.1% | May 21, 2026 |
| UBS | Analyst unavailable | $54 | $45.92 | +31.5% | May 12, 2026 |
| CIBC | Analyst unavailable | $63 | $41.16 | +53.4% | Apr 21, 2026 |
| UBS | Analyst unavailable | $50 | $38.59 | +21.8% | Mar 27, 2026 |
| UBS | Analyst unavailable | $55 | $45.66 | +34.0% | Feb 6, 2026 |
| CIBC | Analyst unavailable | $71 | $45.47 | +72.9% | Feb 4, 2026 |
| UBS | Analyst unavailable | $59 | $47.49 | +43.7% | Jan 30, 2026 |
| Scotiabank | Analyst unavailable | $63 | $52.9 | +53.4% | Jan 26, 2026 |
| Jefferies | Analyst unavailable | $55 | $41.04 | +34.0% | Dec 7, 2025 |
| BNP Paribas | Alan Spence | $50 | $40.91 | +21.8% | Dec 5, 2025 |
| UBS | Analyst unavailable | $47 | $41.34 | +14.5% | Dec 1, 2025 |
| Raymond James | Brian MacArthur | $42 | $39.54 | +2.3% | Nov 25, 2025 |
| RBC Capital | Analyst unavailable | $40 | $32.48 | -2.6% | Oct 27, 2025 |
| Scotiabank | Analyst unavailable | $43 | $31.53 | +4.7% | Oct 23, 2025 |
| UBS | Analyst unavailable | $39 | $34.68 | -5.0% | Oct 16, 2025 |
| CIBC | Analyst unavailable | $50 | $32.74 | +21.8% | Oct 10, 2025 |
| Raymond James | Analyst unavailable | $40 | $33.04 | -2.6% | Oct 10, 2025 |
| RBC Capital | Josh Wolfson | $38 | $35.36 | -7.5% | Sep 22, 2025 |
| UBS | Analyst unavailable | $35 | $30.07 | -14.8% | Sep 19, 2025 |
| Raymond James | Analyst unavailable | $32 | $29.46 | -22.1% | Sep 18, 2025 |
| Scotiabank | Tanya Jakusconek | $26 | $24 | -36.7% | Aug 13, 2025 |
| D.A. Davidson | Matt Summerville | $47.5 | $46.78 | +15.7% | Oct 28, 2024 |
| Truist Financial | Michael Ciarmoli | $47.5 | $46.48 | +15.7% | Oct 8, 2024 |
| Truist Financial | Michael Ciarmoli | $38 | $40.06 | -7.5% | Oct 4, 2024 |
| D.A. Davidson | Matt Summerville | $52 | $39.82 | +26.6% | Jul 30, 2024 |
| Oppenheimer | Christopher Glynn | $48 | $39.19 | +16.9% | Jun 14, 2024 |
| D.A. Davidson | Matt Summerville | $48 | $38.42 | +16.9% | Jun 13, 2024 |
| D.A. Davidson | Matt Summerville | $45 | $33.39 | +9.6% | Apr 18, 2024 |
| Oppenheimer | Analyst unavailable | $48 | $41.02 | +16.9% | Nov 29, 2022 |
| Truist Financial | Michael Ciarmoli | $29 | $31.01 | -29.4% | Oct 12, 2022 |
| Truist Financial | Analyst unavailable | $41 | $36.72 | -0.1% | Apr 19, 2022 |
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Start freeCompany context
Snapshot as of publicationBarrick Mining Corporation primarily focuses on the entire lifecycle of mineral assets, from their initial discovery and subsequent development to their extraction and eventual sale. The company actively explores for a variety of commodities, including precious metals like gold and silver, industrial metals such as copper, and other materials used for energy production. Previously identified as Barrick Gold Corporation, the organization officially adopted its current name, Barrick Mining Corporation, in May 2025. The company was founded in 1983 and has its corporate headquarters situated in Toronto, Canada.
Historical context
All B earningsBasic Materials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| RPM RPM International Inc. | FY2027 Q1 · Calendar Q4 2026 | +1.5% | +3.2% | RPM posts record quarter, but input costs narrow the outlook |
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-10T00:01:43.729046+00:00
- Polygon adjusted daily market bars · 2026-10-11T16:10:41.613499+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T16:10:41.610888+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-11. For educational purposes only; not investment advice.