Barrick Mining (ABX) AI Stock Analysis

• Market Cap: C$111.25B
• Dividend Yield: 1.17%
• Average Volume (3M): 4.68M
• Price to Earnings (P/E): 22.7
• Beta (1Y): 1.55
• Revenue Growth: 21.76%
• EPS Growth: 129.56%
• Country: CA
• Employees: 22,100
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.81
• Shares Outstanding: 1,687,434,000
• 10 Day Avg. Volume: 2,288,357
• 30 Day Avg. Volume: 4,682,368
• PEG Ratio: 0.18
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 2.10
• P/FCF Ratio: 20.59
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$63.87
• Price Target Upside: -2.49% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 17
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 80 Outperform
• Price Target: C$76.00 ▲(16.03% Upside)

Barrick Mining's overall stock score of 80 reflects strong financial performance, positive technical indicators, and strategic corporate actions. The company's robust earnings call results and strategic initiatives, such as the potential IPO and dispute resolution, further bolster its growth prospects. While safety concerns and operational challenges in Mali present risks, the overall outlook remains positive.

Positive Factors

Free cash flow strength

Sustained, rapid free cash flow growth provides durable funding for capital projects, dividends, buybacks and debt reduction. High FCF conversion improves resilience through commodity cycles and funds value-creating optionality like exploration and strategic portfolio moves.

Prudent balance sheet / low leverage

Low leverage and a healthy ROE give Barrick financial flexibility to invest in large, multi-year projects, pursue strategic transactions, and withstand commodity volatility. Prudent capital structure supports long-term investor returns and lowers refinancing risk in stressed markets.

High and sustainable margins

Robust, industry-leading margins reflect operational scale, cost discipline and high-grade assets. Margin durability supports cash generation even with gold price swings, funds exploration and returns, and indicates competitive advantage at key sites like Nevada and Pueblo Viejo.

Negative Factors

Safety and operational risk

Fatal incidents trigger investigations, potential regulatory enforcement, and remediation costs. Beyond immediate disruptions, persistent safety lapses can damage reputation, raise insurance and operating costs, and constrain access or approvals in sensitive jurisdictions over the long term.

Geopolitical / operational exposure in Mali

Long-running legal and political disputes in Mali create sustained operational uncertainty, hinder asset sales and negotiations, and elevate sovereign risk. Continued exposure can constrain cash flow from the region and complicate strategic planning and investor confidence over months to years.

Reduction in geographic diversification via asset sales

Selling producing assets reduces geographic and resource diversification, concentrating future production in fewer jurisdictions. While proceeds boost liquidity, contingent consideration tied to gold prices creates timing and price risk, and lost ounces can limit long-term optionality.

Barrick Mining Business Overview & Revenue Model

Company Description

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located throughout the Americas and Africa. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.

How the Company Makes Money

Barrick Gold generates revenue primarily through the sale of gold and copper produced at its mining operations. The company has a diversified revenue model that includes several key revenue streams: gold sales account for the majority of its income, while copper sales contribute a smaller but significant portion. Additionally, Barrick engages in hedging strategies to manage price volatility and mitigate risks associated with fluctuating commodity prices. The company also benefits from strategic partnerships and joint ventures, which enhance its operational capabilities and resource access. Factors contributing to Barrick's earnings include global gold prices, operational efficiencies, production levels, and the successful execution of its exploration and development projects.

Barrick Mining Financial Statement Overview

Summary

Barrick Mining exhibits strong financial health with robust profitability, efficient operations, and effective cash flow management. The income statement shows strong profitability with a gross profit margin of 48.32% and a net profit margin of 24.53%. The balance sheet is solid with a low debt-to-equity ratio of 0.19, and the cash flow statement is impressive with a significant free cash flow growth rate of 60.35%.

Income Statement

Barrick Mining's income statement shows strong profitability with a gross profit margin of 48.32% and a net profit margin of 24.53% for the TTM period. The company has demonstrated consistent revenue growth, with a notable increase of 5.64% in the latest period. EBIT and EBITDA margins are also robust at 47.50% and 59.92%, respectively, indicating efficient operations and cost management. Overall, the income statement reflects a healthy financial performance with strong growth and profitability metrics.

Balance Sheet

The balance sheet of Barrick Mining is solid, with a low debt-to-equity ratio of 0.19, indicating prudent leverage management. The return on equity (ROE) stands at 14.51%, showcasing effective use of equity to generate profits. The equity ratio is healthy, reflecting a strong capital structure. However, the company should continue to monitor its debt levels to maintain financial stability.

Cash Flow

Barrick Mining's cash flow statement is impressive, with a significant free cash flow growth rate of 60.35% in the TTM period. The operating cash flow to net income ratio is strong at 2.12, indicating efficient cash generation relative to net income. The free cash flow to net income ratio of 0.44 suggests a good conversion of profits into free cash flow, supporting future investments and debt repayments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.60B	12.92B	11.40B	11.01B	11.98B	12.60B
Gross Profit	7.06B	4.96B	3.46B	3.52B	4.90B	5.18B
EBITDA	8.88B	7.01B	5.54B	3.70B	6.65B	7.73B
Net Income	3.58B	2.14B	1.27B	432.00M	2.02B	2.32B
Balance Sheet
Total Assets	48.36B	47.63B	45.81B	45.97B	46.89B	46.51B
Cash, Cash Equivalents and Short-Term Investments	5.04B	4.07B	4.15B	4.44B	5.28B	5.19B
Total Debt	4.71B	5.26B	5.22B	5.25B	5.47B	5.36B
Total Liabilities	14.44B	14.37B	13.81B	14.68B	14.58B	14.80B
Stockholders Equity	25.15B	24.29B	23.34B	22.77B	23.86B	23.34B
Cash Flow
Free Cash Flow	2.75B	1.32B	646.00M	432.00M	1.94B	3.36B
Operating Cash Flow	6.36B	4.49B	3.73B	3.48B	4.38B	5.42B
Investing Cash Flow	-2.29B	-2.76B	-2.82B	-1.71B	-1.90B	-1.29B
Financing Cash Flow	-3.22B	-1.79B	-1.21B	-2.60B	-2.39B	-2.25B

Barrick Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 65.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ABX, the sentiment is Positive. The current price of 65.5 is above the 20-day moving average (MA) of 60.62, above the 50-day MA of 54.99, and above the 200-day MA of 38.02, indicating a bullish trend. The MACD of 2.42 indicates Negative momentum. The RSI at 70.85 is Negative, neither overbought nor oversold. The STOCH value of 92.52 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ABX.

Barrick Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LUG	82 Outperform	C$27.34B	28.43	55.69%	2.47%	57.32%	126.96%
K	81 Outperform	C$50.70B	20.95	24.09%	0.43%	36.41%	144.79%
ABX	80 Outperform	C$111.25B	22.75	14.63%	1.17%	21.76%	129.56%
AEM	80 Outperform	C$125.35B	26.05	15.67%	0.91%	38.72%	250.70%
WPM	79 Outperform	C$78.57B	56.18	13.05%	0.55%	54.48%	68.44%
FNV	72 Outperform	C$58.39B	45.44	14.17%	0.72%	44.76%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Barrick Mining Corporate Events

Barrick Mining Sets February 5 Date for Full-Year and Q4 2025 Results

Barrick Mining Corporation announced it will publish its full-year and fourth-quarter 2025 financial results before the market opens on February 5, 2026, followed by a live webcast and management presentation later that morning. The scheduled webcast, including a Q&A session with analysts, and the availability of presentation materials and replay on the company’s website underscore Barrick’s continuing efforts to maintain transparent communication with investors and other stakeholders around its operational and financial performance.

The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$51.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.

Barrick Mining Completes Sale of Tongon Gold Mine

Barrick Mining Corporation has completed the sale of its interests in the Tongon gold mine and certain exploration properties in Côte d’Ivoire to the Atlantic Group for up to $305 million. This transaction includes an immediate cash payment of $192 million and contingent payments up to $113 million, dependent on future gold prices and resource conversions. This divestiture aligns with Barrick’s strategic focus on optimizing its portfolio and could impact its operational dynamics and market positioning.

The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$65.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.

Barrick Mining Considers IPO for North American Gold Assets

Barrick Mining Corporation announced its consideration of an initial public offering (IPO) for a subsidiary holding its premier North American gold assets, named ‘NewCo.’ This move aims to highlight the value of these assets by creating a focused publicly traded entity, while Barrick retains a significant controlling interest. The IPO would include Barrick’s joint venture interests in Nevada Gold Mines and Pueblo Viejo, as well as the wholly owned Fourmile gold discovery in Nevada. This strategic initiative is part of Barrick’s ongoing efforts to maximize shareholder value, particularly in North America, and could provide new and existing shareholders with more options in a pure gold company with growth potential.

The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$66.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.

Barrick Mining Announces Leadership Changes on Board

Barrick Mining Corporation announced a change in its board leadership, with Ben van Beurden stepping down as Director and Lead Independent Director, and Loreto Silva taking over the latter role. This change is part of Barrick’s ongoing commitment to delivering long-term value for shareholders, supported by its strong leadership team and industry-leading assets.

The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$48.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.

Barrick Resolves Mali Disputes, Regains Control of Key Mines

Barrick Mining Corporation has resolved its disputes with the Government of Mali concerning the Loulo and Gounkoto mines. This agreement includes the dropping of charges against Barrick and its employees, the release of detained employees, and the return of operational control over the Loulo-Gounkoto complex to Barrick. The settlement also involves the withdrawal of arbitration claims at the International Centre for Settlement of Investment Disputes, paving the way for improved relations and operational stability in the region.

The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$46.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.

Barrick Mining Achieves Record Q3 Financial Results and Increases Dividend

Barrick Mining Corporation reported record financial results for the third quarter of 2025, with gold production increasing by 4% and copper production aligning with plans. The company achieved record operating and free cash flow, leading to a 25% increase in its base quarterly dividend. Despite operational challenges, Barrick remains committed to safety and improving performance, with a focus on its Tier One gold assets. The company also expanded its share buyback program and confirmed the significance of the Fourmile gold discovery.

The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$40.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.

Barrick Mining Boosts Dividends and Share Buybacks for Q3 2025

Barrick Mining Corporation has announced a 25% increase in its quarterly base dividend to $0.125 per share, alongside a third-quarter dividend of $0.175 per share, which includes a performance dividend. The company also repurchased approximately 18.60 million shares in Q3 as part of its share buyback program, totaling 39.79 million shares repurchased this year. These actions reflect Barrick’s strategy to provide significant financial returns to shareholders while maintaining a strong balance sheet, supported by robust operating performance and cash flows.

The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$40.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.

Barrick Mining Expands Share Buyback Program by $500 Million

Barrick Mining Corporation has announced an increase of $500 million to its existing share repurchase program, following the successful repurchase of $1.0 billion worth of shares earlier this year. This move reflects Barrick’s strong financial performance and cash flow generation, allowing for further repurchases. The company believes its shares may sometimes trade below their intrinsic value, and the repurchase program aims to capitalize on this. The decision underscores Barrick’s strategic focus on shareholder returns and financial flexibility, with potential implications for its market positioning and stakeholder value.

The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$40.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.

Barrick Mining Completes Sale of Alturas Project to Boroo

Barrick Mining Corporation has completed the sale of its Alturas Project in Chile to Boroo Pte. Ltd for $50 million, with an additional 0.5% net smelter return royalty on gold and silver production. This divestiture aligns with Barrick’s strategic focus on optimizing its portfolio and enhancing shareholder value through disciplined asset management.

The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$40.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.

Barrick Mining to Announce Q3 2025 Results on November 10

Barrick Mining Corporation has announced that it will release its third quarter 2025 financial results on November 10, 2025, before the markets open. A webcast presentation and Q&A session with analysts will follow later in the day. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and strategic positioning in the mining industry.

The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$46.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.