Barrick Mining Advances Sustainable Development Goals with New Report

Barrick Mining ( (TSE:ABX) ) just unveiled an update.

Barrick Mining Corporation has released its 2024 Sustainability Report, ‘Beyond the Horizon,’ highlighting its commitment to the United Nations’ Sustainable Development Goals. The report details Barrick’s efforts in economic growth, social progress, and environmental protection, including over $100 billion distributed in economic value and $200 million invested in community-led projects since its 2019 merger. The company is also recalibrating its greenhouse gas emissions profile to align with its expanding production base and renewable energy initiatives, aiming for a Net Zero target by 2050. Barrick’s new site-level Sustainable Development Goal performance framework underscores its dedication to transparent, community-focused progress, with significant investments in local economies and infrastructure.

The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$27.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.

Spark’s Take on TSE:ABX Stock

According to Spark, TipRanks’ AI Analyst, TSE:ABX is a Outperform.

Barrick Mining demonstrates strong financial health with robust profitability and effective cash management, which are reflected in a high financial performance score. While technical indicators suggest some caution, the company’s fair valuation and positive earnings call sentiment support a strong overall position in the gold industry. Challenges in operational areas like Mali need monitoring, but the strategic focus on growth and sustainability provides a promising outlook.

To see Spark’s full report on TSE:ABX stock, click here.

More about Barrick Mining

Barrick Mining Corporation operates in the mining industry, primarily focusing on responsible mining practices. The company is known for its commitment to sustainability-driven growth, community empowerment, and environmental stewardship, with a market focus on long-term value creation and measurable outcomes.

YTD Price Performance: 12.52%

Average Trading Volume: 3,945,058

Technical Sentiment Signal: Buy

Current Market Cap: C$42.88B

For an in-depth examination of ABX stock, go to TipRanks’ Stock Analysis page.