Barrick Mining remains a buy despite recent 14% drop, with strong Q2 results and promising growth outlook.

Barrick Mining's stock has declined 14% since May, but it remains a buy due to its attractive valuation compared to long-term averages. The company's Q2 results showed strong revenue growth and increased gold output, although earnings per share (EPS) missed analyst expectations. Barrick maintains a balanced capital allocation strategy and its growth projects are progressing well. The company expects EPS to grow over 50% by fiscal year 2026 and offers a robust free cash flow yield of 7.7%. While some analysts have downgraded the stock reflecting near-term caution, technical indicators show mixed signals with potential support at $34 and resistance in the high $40s, plus a possible bullish golden cross forming ahead of Q3 results.

Barrick Gold Corp trades at USD 40.26 on Pluang as of Oct 05, 2026 17:45 WIB, with a slight 1-day increase of 0.07%. The stock's market cap stands at $70.03 billion, reflecting its significant presence in the Basic Materials sector. Investors hold Barrick shares for an average of 55 days on Pluang, indicating moderate trading activity.