Canaccord Genuity Group Issues Pessimistic Forecast for Barrick Mining (NYSE:B) Stock Price

Barrick Mining (NYSE:B) (TSE:ABX) had its price target decreased by stock analysts at Canaccord Genuity Group to $77.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the gold and copper producer’s stock. Canaccord Genuity Group’s price objective suggests a potential upside of 58.61% from the company’s current price.

A number of other equities research analysts have also commented on B. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $71.00 price objective on shares of Barrick Mining in a research note on Wednesday, February 4th. Raymond James Financial increased their price target on Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Bank of America raised Barrick Mining from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $38.00 to $48.00 in a research report on Monday, November 24th. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 target price on shares of Barrick Mining in a report on Sunday, December 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.25.

Barrick Mining Stock Up 0.7%

Shares of B opened at $48.55 on Wednesday. The stock’s 50-day moving average price is $47.01 and its two-hundred day moving average price is $37.34. Barrick Mining has a 12 month low of $17.00 and a 12 month high of $54.69. The company has a market capitalization of $81.34 billion, a PE ratio of 16.57, a PEG ratio of 0.39 and a beta of 0.40. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The company had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.15 billion. The firm’s revenue for the quarter was up 44.6% compared to the same quarter last year. On average, analysts anticipate that Barrick Mining will post 1.47 EPS for the current year.

Institutional Investors Weigh In On Barrick Mining

A number of institutional investors and hedge funds have recently modified their holdings of B. Capital International Investors grew its position in Barrick Mining by 35.9% in the 3rd quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock valued at $3,340,709,000 after acquiring an additional 26,921,219 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Barrick Mining by 1.1% in the third quarter. Vanguard Group Inc. now owns 70,878,168 shares of the gold and copper producer’s stock worth $2,327,991,000 after purchasing an additional 767,544 shares during the last quarter. Van ECK Associates Corp increased its stake in Barrick Mining by 22.8% in the 4th quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer’s stock worth $2,413,699,000 after buying an additional 10,287,544 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Barrick Mining in the 2nd quarter worth about $1,091,122,000. Finally, First Eagle Investment Management LLC bought a new stake in Barrick Mining during the 2nd quarter valued at about $822,056,000. 90.82% of the stock is owned by institutional investors.

Key Headlines Impacting Barrick Mining

Here are the key news stories impacting Barrick Mining this week:

• Positive Sentiment: Major investor publicly backs Barrick, helping counter geopolitical scrutiny and supporting confidence in management and strategy. Major Investor Backs Barrick Gold Amid Geopolitical Scrutiny
• Positive Sentiment: Mali/Loulo outcome improved investor clarity: the Loulo license was renewed for 10 years and Barrick reached a settlement around its Mali dispute, removing a significant regulatory overhang and preserving future production optionality. Barrick’s Loulo license renewed Mali dispute settlement and Loulo extension
• Positive Sentiment: Fundamentals still strong: Q4/2025 delivered record cash flow and better‑than‑expected EPS/revenue, reinforcing the company’s ability to fund dividends and buybacks that supported the recent run. Q4 strength and cash flow
• Neutral Sentiment: Analyst price target action: Canaccord trimmed its target to $77 but kept a Buy rating, signaling continued upside in analysts’ view despite some calibration. Canaccord price target update
• Neutral Sentiment: Market is reassessing valuation after a large run—several articles weigh whether the recent ~80% multi‑month surge leaves the stock fairly priced and flag the recent pullback as profit taking. Time to reassess after surge Assessing valuation after pullback
• Negative Sentiment: Rising unit costs are a near‑term headwind: analysts warn higher operating/unit costs could erode profit momentum even with elevated gold prices, which may cap near‑term multiple expansion. Zacks: Higher costs risk profit momentum
• Negative Sentiment: Production guidance tweak: a small reduction in 2026 production forecast triggered recent selling and investor caution — the market is sensitive after a large prior rally. Forbes: production cut and pullback

About Barrick Mining

Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.