Analyst Consensus ?
ConsensusBuy24 ratings
Bullish1666.7%
Neutral833.3%
Bearish00.0%
Barrick Mining Corporation · B · FY2025 Q3 · Calendar Q4 2025
Barrick: record cash flow meets safety and execution risks
The current analysis supports a constructive but conditional view: strong gold-price exposure, higher volumes, record cash generation, Fourmile potential, and cost-reduction efforts support the growth case. That case depends on improving safety and Nevada reliability while executing project, financing, and asset-sale plans.
Reported Before market openNYSEBasic Materials
$67.19B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.58
Consensus $0.57
EPS surprise
+1.8%
Reported versus consensus
Reported revenue
$4.18B
Consensus $4.41B
Revenue surprise
-5.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+5.2%
Event window
SPY move
+1.6%
Same window
Abnormal move
+3.6%
Stock minus SPY
Volume
1.6×
Versus trailing sessions
Subsequent drift
+17.6%
Up to 20 sessions
BSPY benchmark
Ask FN2 about B FY2025 Q3
Transcript, numbers and history already loaded
Why did B rise 5.2% after beating EPS estimates in FY2025 Q3?What changed in B's guidance and outlook in FY2025 Q3?Give me the bull and bear case for B after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior analysis, the emphasis shifted from broad growth-project progress and capital allocation to record Q3 cash generation, a 25% dividend increase, expanded buybacks, and a more urgent Nevada safety and operational review after three fatalities. Fourmile drilling and development plans also became more specific.
Guidance delta
Maintained; the current analysis says gold and copper production remain within guidance.
Key takeaways
- Record Q3 operating cash flow, free cash flow, and earnings supported a 25% dividend increase and expanded buybacks.
- Management highlighted Fourmile and Nevada as growth and operational priorities.
- Three fatalities led to a renewed safety focus and an intensified operational review.
- Copper production remained within guidance, while the Lumwana shutdown is planned and managed.
Management priorities
- Stabilize Nevada production and improve safety through the operational review.
- Increase Fourmile drilling and begin Bullen Hill decline development.
- Advance Hemlo and Tongon asset sales and maintain capital returns.
- Reschedule project capex across 2026–27 while keeping the overall schedule unchanged.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$40.23Current
$38Low
$48.25Average
$57High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 3, 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 $40.23. 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 | +40.4% | Sep 9, 2026 |
| Barclays | Analyst unavailable | $42 | $41.24 | +4.4% | Aug 13, 2026 |
| Scotiabank | Tanya Jakusconek | $55 | $41.09 | +36.7% | Aug 12, 2026 |
| CIBC | Analyst unavailable | $57 | $41 | +41.7% | Aug 12, 2026 |
| Barclays | Analyst unavailable | $39 | $35.89 | -3.1% | Jul 15, 2026 |
| Scotiabank | Analyst unavailable | $57 | $36.47 | +41.7% | Jul 14, 2026 |
| RBC Capital | Analyst unavailable | $49 | $36.51 | +21.8% | Jul 9, 2026 |
| Barclays | Richard Garchitorena | $41 | $41.24 | +1.9% | May 21, 2026 |
| UBS | Analyst unavailable | $54 | $45.92 | +34.2% | May 12, 2026 |
| CIBC | Analyst unavailable | $63 | $41.16 | +56.6% | Apr 21, 2026 |
| UBS | Analyst unavailable | $50 | $38.59 | +24.3% | Mar 27, 2026 |
| UBS | Analyst unavailable | $55 | $45.66 | +36.7% | Feb 6, 2026 |
| CIBC | Analyst unavailable | $71 | $45.47 | +76.5% | Feb 4, 2026 |
| UBS | Analyst unavailable | $59 | $47.49 | +46.7% | Jan 30, 2026 |
| Scotiabank | Analyst unavailable | $63 | $52.9 | +56.6% | Jan 26, 2026 |
| Jefferies | Analyst unavailable | $55 | $41.04 | +36.7% | Dec 7, 2025 |
| BNP Paribas | Alan Spence | $50 | $40.91 | +24.3% | Dec 5, 2025 |
| UBS | Analyst unavailable | $47 | $41.34 | +16.8% | Dec 1, 2025 |
| Raymond James | Brian MacArthur | $42 | $39.54 | +4.4% | Nov 25, 2025 |
| RBC Capital | Analyst unavailable | $40 | $32.48 | -0.6% | Oct 27, 2025 |
| Scotiabank | Analyst unavailable | $43 | $31.53 | +6.9% | Oct 23, 2025 |
| UBS | Analyst unavailable | $39 | $34.68 | -3.1% | Oct 16, 2025 |
| CIBC | Analyst unavailable | $50 | $32.74 | +24.3% | Oct 10, 2025 |
| Raymond James | Analyst unavailable | $40 | $33.04 | -0.6% | Oct 10, 2025 |
| RBC Capital | Josh Wolfson | $38 | $35.36 | -5.5% | Sep 22, 2025 |
| UBS | Analyst unavailable | $35 | $30.07 | -13.0% | Sep 19, 2025 |
| Raymond James | Analyst unavailable | $32 | $29.46 | -20.5% | Sep 18, 2025 |
| Scotiabank | Tanya Jakusconek | $26 | $24 | -35.4% | Aug 13, 2025 |
| D.A. Davidson | Matt Summerville | $47.5 | $46.78 | +18.1% | Oct 28, 2024 |
| Truist Financial | Michael Ciarmoli | $47.5 | $46.48 | +18.1% | Oct 8, 2024 |
| Truist Financial | Michael Ciarmoli | $38 | $40.06 | -5.5% | Oct 4, 2024 |
| D.A. Davidson | Matt Summerville | $52 | $39.82 | +29.3% | Jul 30, 2024 |
| Oppenheimer | Christopher Glynn | $48 | $39.19 | +19.3% | Jun 14, 2024 |
| D.A. Davidson | Matt Summerville | $48 | $38.42 | +19.3% | Jun 13, 2024 |
| D.A. Davidson | Matt Summerville | $45 | $33.39 | +11.9% | Apr 18, 2024 |
| Oppenheimer | Analyst unavailable | $48 | $41.02 | +19.3% | Nov 29, 2022 |
| Truist Financial | Michael Ciarmoli | $29 | $31.01 | -27.9% | Oct 12, 2022 |
| Truist Financial | Analyst unavailable | $41 | $36.72 | +1.9% | Apr 19, 2022 |
Track every rating change on B the moment it posts. Free to start.
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 |
|---|---|---|---|---|
| HMY Harmony Gold Mining Company Limited | FY2026 Q4 · Calendar Q3 2026 | 0.0% | -6.2% | Harmony Gold posts record FY2026 while Eva Copper risks remain |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the B recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-10-02T22:56:08.786369+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-02T22:56:08.783351+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 2026-10-02. For educational purposes only; not investment advice.