Barrick Mining price target lowered to $67 from $71 at CIBC

CIBC lowered the firm’s price target on Barrick Mining (B) to $67 from $71 and keeps an Outperformer rating on the shares after including Q4/25 results and modelling the company’s 2026, 2027, and 2028 guidance, reflecting a softer production outlook and higher costs and capex. In 2026, the firm believes investors will turn their attention to names that continue to lag peers and are setup for a mean reversion trade on the back of continued strength in the gold price. For that reason, CIBC remains constructive on Barrick.