Barrick Mining rated buy after strong Q1 gold results and 67% revenue growth despite recent pullback.

Barrick Mining received a buy rating following a notable pullback despite nearly doubling its stock price over the past year. The company exceeded its Q1 gold production targets and achieved 67% year-over-year revenue growth, driven by strong gold prices that also improved margins and earnings per share. Despite some operational disruptions and regional uncertainties, Barrick's core business remains strong, with plans for IPOs of its North American and African units. The stock trades at a discount to the Materials sector on price-to-cash-flow metrics and supports shareholders with a 2.21% dividend yield and a new $3 billion share buyback program.