Barrick's revenue jumps 44% with strong gold and copper prices, shares seen rising 23% by 2027.

Barrick reported a 43.8% increase in revenue to $5.29 billion, driven by strong gold and copper prices that also boosted adjusted EBITDA by 51%. The company’s focus on both metals positions it well amid expected copper supply deficits by 2027–2028. A delayed North American IPO, now likely in 2027, could unlock higher valuation premiums if operational improvements continue. Shares currently trade at a discount compared to peers, with a target price implying 23% upside potential by fiscal 2027.