Barrick Mining (B) has received a Buy rating from TD Cowen analyst Steven Green, who set a $46.00 price target on the gold miner. The Top analyst noted that Barrick is in the midst of a management transition that could unlock significant value. He pointed to opportunities in portfolio streamlining, reorganizing operations, boosting capital returns, and a deeper focus on North America.
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Green believes Barrick is undervalued relative to peers, despite its strategic assets and growth potential. He highlighted the Fourmile discovery in Nevada and the company’s broader exploration pipeline as key drivers of long-term upside.
Barrick Strengthens Portfolio and Operations
Barrick stock has surged over 170% year to date, largely fueled by gold’s strong rally in 2025. The company recently announced the $1.09 billion sale of its Hemlo gold mine to Carcetti. The move is expected to strengthen its balance sheet and free up capital for higher-return projects. The divestiture also reflects Barrick’s efforts to streamline its portfolio and concentrate on core assets in North America.
In Mali, Barrick finalized a $430 million settlement with the military government, securing operational rights at its Loulo and Gounkoto mines for another decade.
At the same time, the company is undergoing a management shake-up, with activist investor Elliott Investment Management pressing for operational improvements and potential restructuring.
Overall, Barrick’s asset sales, legal settlements, and exploration projects position the company for stronger returns. TD Cowen sees the management transition as a key catalyst, supporting its bullish rating.
Is B Stock a Good Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on Barrick Mining stock based on 14 Buys and two Holds assigned in the past three months, as indicated by the graphic below. Further, the average B stock price target of $43.30 per share implies 5.66% upside potential.
