CIBC raised the firm’s price target on Barrick Mining (B) to $50 from $38 and keeps an Outperformer rating on the shares. CIBC upped price targets in the sector to reflect its higher gold price forecasts. It now sees $4,500 per ounce in in 2026 and 2027. CIBC also upped its silver forecasts to $55 per ounce in 2026 and 2027. Given the recent run in gold price and corresponding stock outperformance year-to-date, “some of these revisions are a catch-up,” the analyst tells investors in a research note.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on B:
- Barrick Mining price target raised to $40 from $36 at Raymond James
- Barrick Mining price target raised to C$57 from C$39 at Canaccord
- Barrick Mining to Announce Q3 2025 Results on November 10
- Video: Precious metal miners rise as gold hits record levels
- December Gold tops $4,000 per ounce, Goldminers higher