Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Barrick Mining ( (TSE:ABX) ) has issued an announcement.
Barrick Mining Corporation has announced the sale of its Hemlo Gold Mine in Canada to Carcetti Capital Corp., which will be renamed Hemlo Mining Corp., for up to $1.09 billion. The transaction includes cash, shares, and a tiered gold price-linked payment structure. The sale is part of Barrick’s strategy to focus on its Tier One gold and copper portfolio, and the proceeds will be used to strengthen its balance sheet and return capital to shareholders. The transaction is expected to close in the fourth quarter of 2025, subject to customary conditions and approvals.
The most recent analyst rating on (TSE:ABX) stock is a Hold with a C$29.00 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’s overall stock score is driven by its strong financial performance and positive earnings call, which highlight robust profitability, operational efficiency, and strategic capital allocation. While technical indicators suggest overbought conditions, the company’s reasonable valuation and promising outlook support a favorable score.
To see Spark’s full report on TSE:ABX stock, click here.
More about Barrick Mining
Barrick Mining Corporation is a leading global mining, exploration, and development company with a significant portfolio of world-class and long-life gold and copper assets. Operating in 18 countries across five continents, Barrick is recognized as the largest gold producer in the United States. The company is committed to creating long-term value for stakeholders through responsible mining practices, strong partnerships, and a disciplined growth strategy. Barrick’s shares are traded on the New York Stock Exchange and the Toronto Stock Exchange.
Average Trading Volume: 4,268,652
Technical Sentiment Signal: Buy
Current Market Cap: C$68.36B
See more insights into ABX stock on TipRanks’ Stock Analysis page.