Analyst Consensus ?
ConsensusBuy24 ratings
Bullish1458.3%
Neutral1041.7%
Bearish00.0%
Barrick Mining Corporation · B · FY2026 Q2 · Calendar Q3 2026
Barrick beats production guidance as Newmont deal reshapes growth plans
Barrick’s Q2 supports a constructive operating picture: production beat guidance, margins remained strong, and management maintained 2026 guidance while lowering attributable capex guidance. The Newmont agreement and planned IPO may simplify the portfolio, but the outlook still depends on execution across growth projects, safety, permitting, and the IPO process.
Why did B fall 6.4% after beating EPS estimates in FY2026 Q2?
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Reported Before market openNYSEBasic Materials
$72.50B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.82
Consensus $0.81
EPS surprise
+1.2%
Reported versus consensus
Reported revenue
$5.19B
Consensus $5.10B
Revenue surprise
+1.9%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-6.4%
Event window
SPY move
-0.0%
Same window
Abnormal move
-6.4%
Stock minus SPY
Volume
3.4×
Versus trailing sessions
Subsequent drift
+7.9%
Up to 20 sessions
BSPY benchmark
Ask FN2 about B FY2026 Q2
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Why did B fall 6.4% after beating EPS estimates in FY2026 Q2?What changed in B's guidance and outlook in FY2026 Q2?Give me the bull and bear case for B after FY2026 Q2 earnings.
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Transcript intelligence
What changed
The quarter added a $4 billion Newmont settlement covering asset transfers and dispute resolution, lowered 2026 attributable capex guidance, and highlighted $90 million of safety technology investment. Management also reiterated that the North American pure-gold IPO and key growth projects remain on track.
Guidance delta
Management maintained 2026 guidance while reducing attributable capex guidance to $450-$500 million from $600-$700 million and setting total group capex at $3.8-$4.2 billion.
Key takeaways
- Gold production was 3% above guidance and earnings doubled year over year.
- The $4 billion Newmont agreement resolves joint-venture disputes and supports a planned North American pure-gold IPO.
- Fourmile, Lumwana, and the Pueblo Viejo expansion remain on schedule and on budget, according to management.
- Barrick highlighted a $90 million investment in safety technology, while reporting six lost-time incidents.
- Capital allocation remains centered on growth investment, dividends, buybacks, and cost discipline.
Management priorities
- Complete the North American pure-gold IPO by year-end.
- Advance Fourmile drilling and permitting toward production.
- Complete the Lumwana mill expansion and advance copper production.
- Progress Pueblo Viejo expansion permitting and construction milestones.
- Improve safety through technology and operational initiatives.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$40.43Current
$38Low
$47.81Average
$57High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 6, 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 |
|---|---|---|---|---|
| Freedom Broker | Hold | Buy | Downgrade | Oct 22, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 21, 2026 |
| CIBC | Neutral | Outperform | Downgrade | Oct 16, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Sep 16, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Sep 9, 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 |
| Canaccord Genuity | Buy | Buy | Maintain | Feb 18, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Feb 9, 2026 |
| 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 $40.43. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| CIBC | Analyst unavailable | $49 | $40.55 | +21.2% | Oct 16, 2026 |
| Bernstein | Bob Brackett | $56.5 | $44.1 | +39.7% | Sep 9, 2026 |
| Barclays | Analyst unavailable | $42 | $41.24 | +3.9% | Aug 13, 2026 |
| Scotiabank | Tanya Jakusconek | $55 | $41.09 | +36.0% | Aug 12, 2026 |
| CIBC | Analyst unavailable | $57 | $41 | +41.0% | Aug 12, 2026 |
| Barclays | Analyst unavailable | $39 | $35.89 | -3.5% | Jul 15, 2026 |
| Scotiabank | Analyst unavailable | $57 | $36.47 | +41.0% | Jul 14, 2026 |
| RBC Capital | Analyst unavailable | $49 | $36.51 | +21.2% | Jul 9, 2026 |
| Barclays | Richard Garchitorena | $41 | $41.24 | +1.4% | May 21, 2026 |
| UBS | Analyst unavailable | $54 | $45.92 | +33.6% | May 12, 2026 |
| CIBC | Analyst unavailable | $63 | $41.16 | +55.8% | Apr 21, 2026 |
| UBS | Analyst unavailable | $50 | $38.59 | +23.7% | Mar 27, 2026 |
| UBS | Analyst unavailable | $55 | $45.66 | +36.0% | Feb 6, 2026 |
| CIBC | Analyst unavailable | $71 | $45.47 | +75.6% | Feb 4, 2026 |
| UBS | Analyst unavailable | $59 | $47.49 | +45.9% | Jan 30, 2026 |
| Scotiabank | Analyst unavailable | $63 | $52.9 | +55.8% | Jan 26, 2026 |
| Jefferies | Analyst unavailable | $55 | $41.04 | +36.0% | Dec 7, 2025 |
| BNP Paribas | Alan Spence | $50 | $40.91 | +23.7% | Dec 5, 2025 |
| UBS | Analyst unavailable | $47 | $41.34 | +16.3% | Dec 1, 2025 |
| Raymond James | Brian MacArthur | $42 | $39.54 | +3.9% | Nov 25, 2025 |
| RBC Capital | Analyst unavailable | $40 | $32.48 | -1.1% | Oct 27, 2025 |
| Scotiabank | Analyst unavailable | $43 | $31.53 | +6.4% | Oct 23, 2025 |
| UBS | Analyst unavailable | $39 | $34.68 | -3.5% | Oct 16, 2025 |
| CIBC | Analyst unavailable | $50 | $32.74 | +23.7% | Oct 10, 2025 |
| Raymond James | Analyst unavailable | $40 | $33.04 | -1.1% | Oct 10, 2025 |
| RBC Capital | Josh Wolfson | $38 | $35.36 | -6.0% | Sep 22, 2025 |
| UBS | Analyst unavailable | $35 | $30.07 | -13.4% | Sep 19, 2025 |
| Raymond James | Analyst unavailable | $32 | $29.46 | -20.9% | Sep 18, 2025 |
| Scotiabank | Tanya Jakusconek | $26 | $24 | -35.7% | Aug 13, 2025 |
| D.A. Davidson | Matt Summerville | $47.5 | $46.78 | +17.5% | Oct 28, 2024 |
| Truist Financial | Michael Ciarmoli | $47.5 | $46.48 | +17.5% | Oct 8, 2024 |
| Truist Financial | Michael Ciarmoli | $38 | $40.06 | -6.0% | Oct 4, 2024 |
| D.A. Davidson | Matt Summerville | $52 | $39.82 | +28.6% | Jul 30, 2024 |
| Oppenheimer | Christopher Glynn | $48 | $39.19 | +18.7% | Jun 14, 2024 |
| D.A. Davidson | Matt Summerville | $48 | $38.42 | +18.7% | Jun 13, 2024 |
| D.A. Davidson | Matt Summerville | $45 | $33.39 | +11.3% | Apr 18, 2024 |
| Oppenheimer | Analyst unavailable | $48 | $41.02 | +18.7% | Nov 29, 2022 |
| Truist Financial | Michael Ciarmoli | $29 | $31.01 | -28.3% | Oct 12, 2022 |
| Truist Financial | Analyst unavailable | $41 | $36.72 | +1.4% | 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 |
|---|---|---|---|---|
| IAG Iamgold Corporation | FY2026 Q3 · Calendar Q4 2026 | +16.7% | +4.6% | IAMGOLD keeps FY2026 guidance on track as Côté improvements support outlook |
| APD Air Products and Chemicals, Inc. | FY2026 Q4 · Calendar Q4 2026 | 0.0% | -2.9% | Air Products closes FY2026 with growth, larger backlog and FY2027 plans |
| ALB Albemarle Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.0% | +3.6% | Albemarle’s Q3 gains reflect firmer lithium pricing and cost discipline |
| MT ArcelorMittal S.A. | FY2026 Q3 · Calendar Q4 2026 | +43.7% | -3.3% | ArcelorMittal sees stronger European shipments, with fuller TRQ benefits ahead |
| WMS Advanced Drainage Systems, Inc. | FY2027 Q2 · Calendar Q4 2026 | +3.9% | -14.9% | Advanced Drainage Systems lowers revenue outlook as growth moderates |
| JHX James Hardie Industries plc | FY2027 Q2 · Calendar Q4 2026 | +9.5% | -2.9% | James Hardie grows sales, expands margins, maintains FY2027 guidance |
Latest beats and misses
Who reports nextBeat on EPS
- MTDFY2026 Q3 · November 5, 2026+3.6% EPS+4.8% move
- IAGFY2026 Q3 · November 5, 2026+16.7% EPS+4.6% move
- GMABFY2026 Q3 · November 5, 2026+55.6% EPS-4.3% move
- STEFY2027 Q2 · November 4, 2026+9.7% EPS+2.5% move
- IRMFY2026 Q3 · November 5, 2026+4.6% EPS-11.1% move
- AFRMFY2027 Q1 · November 5, 2026+23.8% EPS+1.9% move
Missed on EPS
- VMRKFY2026 Q3 · November 4, 2026-425.6% EPS+2.4% move
- NTRAFY2026 Q3 · November 5, 2026-49.3% EPS-15.2% move
- TIGOFY2026 Q3 · November 5, 2026-40.8% EPS+2.6% move
- UHALFY2027 Q2 · November 4, 2026-15.4% EPS-3.2% move
- LAMRFY2026 Q3 · November 5, 2026-3.6% EPS-0.8% move
- CMIFY2026 Q3 · November 5, 2026-6.0% EPS-4.9% move
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Sources
- Earnings call transcript and parsed analysis · 2026-08-10T18:11:18.098019+00:00
- FN2 earnings calendar · 2026-09-15T01:23:15.305287+00:00
- Polygon adjusted daily market bars · 2026-09-21T21:30:49.346858+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-21T21:30:49.344023+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 2026-09-21. For educational purposes only; not investment advice.