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Home/News Feed/Barrick Mining rated Strong Buy with $56 target after strong Q2 2026 results and de-risked IPO catalyst.

$41.72

+$0.79 +1.93%

Barrick Mining rated Strong Buy with $56 target after strong Q2 2026 results and de-risked IPO catalyst.

Analyst Insights

13 Aug 2026

Seeking Alpha

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Bullish

Barrick Mining is reiterated as a Strong Buy with a $56 price target, indicating a 37% upside. The company’s North American IPO catalyst is now less risky following Newmont's consent and a $1.95 billion settlement. Barrick reported Q2 2026 gold production of 796,000 ounces, an 11% increase quarter-over-quarter, and adjusted EPS rose 74% year-over-year to $0.82. The company also reduced its capital expenditure guidance while maintaining strong shareholder returns. Despite these positive results and improved capital allocation, Barrick trades at a discounted forward P/E of 11.22 and a PEG ratio of 0.55, suggesting potential undervaluation.

More News (B)

Barrick declares $0.175 per share Q2 dividend payable September 15, 2026.

Barrick Mining Corporation announced a quarterly dividend of $0.175 per share for Q2 2026, payable on September 15, 2026, to shareholders recorded by August 31, 2026. The dividend policy targets 50% of annual free cash flow, combining a fixed base di...

Company Fundamentals

Bullish

4 days ago