Barrick Mining Corporation (B) AI Stock Analysis
B AI stock analysis summary
AI ResearchBarrick Mining Corporation (NYSE: B) is a Toronto-based metals and mining company producing gold, copper, silver, and energy materials. For FY2025, revenue grew 31.2% to $16.96B, generating $4.99B in net income and $4.19B in free cash flow. In the latest quarter ended June 30, 2026, quarterly revenue rose 43.8% year-over-year while trailing twelve month operating margin stood at 51.3%.
- Market cap
- $67.19B
- Revenue (TTM)
- $20.65B
- P/E
- 10.5x fwd 10.8x
- 1Y return
- 16.9% S&P 500 16.8%
- Avg. target
- $51.58 26.4% vs last close
Bull case
- In FY2025, net income rose to $4.99B as free cash flow reached $4.19B, supported by an operating margin of 47.8%.
- The balance sheet as of June 30, 2026, maintains a net cash position of $1.24B alongside a current ratio of 3.01.
- Trailing P/E of 10.5x and EV/EBITDA of 4.7x trade at substantial discounts to US-listed Basic Materials medians of 19.7x and 10.5x.
Bear case
- The stock's year-to-date return stands at -4.7%, trading 3.3% below its 200-day moving average.
- The company's 5-year annualized dividend growth rate fell 3.6%, reflecting distribution variability.
- The 5-year revenue CAGR through FY2025 was modest at 6.1%, following annual revenue drops in FY2021 and FY2022.
What Barrick Mining does
Barrick Mining Corporation engages in the exploration, development, production, and sale of mineral properties. The company explores for gold, copper, silver, and energy materials. Founded in 1983 and based in Toronto, Canada, the company was formerly known as Barrick Gold Corporation before changing its name to Barrick Mining Corporation in May 2025. It trades on the NYSE under the ticker symbol B.
Growth and profitability
Over the 5-year period from FY2020 to FY2025, revenue posted a compound annual growth rate of 6.1%. After annual revenue fell 4.8% in FY2021 to $11.98B and declined 8.1% in FY2022 to $11.01B, sales recovered, climbing 3.5% in FY2023 to $11.40B, 13.4% in FY2024 to $12.92B, and 31.2% in FY2025 to $16.96B. Gross margin expanded from 30.4% in FY2023 to 51.3% in FY2025, while net margin improved to 29.4% alongside net income of $4.99B and EPS of $2.44. In the latest quarter ended June 30, 2026, quarterly revenue increased 43.8% and quarterly earnings surged 55.3% year-over-year, lifting trailing twelve month revenue to $20.65B and EPS to $3.87.
Balance sheet and cash flow
As of June 30, 2026, Barrick held $5.92B in cash and short-term investments against total debt of $4.68B, yielding net cash of $1.24B. Shareholders' equity totaled $27.27B on total assets of $52.29B, with a current ratio of 3.01 and a debt-to-equity ratio of 0.17. During FY2025, operating cash flow reached $8.08B. The company allocated $3.89B to capital expenditures, spent $1.53B on share buybacks, and distributed $905.6M in dividends, reducing its share count by 6.4% over 5 years.
Valuation and performance
Barrick carries a market capitalization of $67.19B and an enterprise value of $68.78B. The stock trades at a trailing P/E of 10.5x and a forward P/E of 10.8x, both below the median of its US-listed Basic Materials peers at 19.7x and 13.4x, respectively. Its EV/EBITDA multiple of 4.7x also trades below the peer median of 10.5x, while its price-to-sales of 3.3x is higher than the peer median of 1.8x. Over the past year, Barrick's return of 16.9% aligned closely with the S&P 500 (SPY) return of 16.8%, and its 5-year return of 163.2% exceeded the benchmark's 83.0%.
B dividend
Barrick pays a quarterly dividend with an annualized forward payout of $0.70 per share, offering a dividend yield of 1.71%. The payout ratio stands at 27.6%, and the company has paid dividends for 42 consecutive years. However, its 5-year annualized dividend growth rate fell 3.6%. The most recent ex-dividend date was August 31, 2026.
What analysts expect
Wall Street sentiment reflects 11 Strong Buy, 8 Buy, 4 Hold, and 1 Sell ratings, with 0 Strong Sell ratings. The mean price target of $51.58 represents an implied upside of 26.4% above the last close of $40.82. Analysts forecast current fiscal year revenue of $20.95B and EPS of $3.58, representing 47.8% earnings growth. Over the last 4 quarters, the company beat EPS estimates 3 times. The next earnings release is scheduled for November 9, 2026.
Key risks and what to watch
- Capital expenditure demands remain substantial, with FY2025 capex totaling $3.89B against operating cash flow of $8.08B.
- The stock exhibits elevated market volatility with a beta of 1.14 and trades below its 52-week high of $54.69.
- Forward growth projections indicate a moderation in EPS growth from 47.8% in FY2026 to 20.2% in FY2027.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this B AI stock analysis
This page is an AI-written research summary of Barrick Mining Corporation (B). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: B income statement, B balance sheet, B key metrics, B analyst forecast, B chart. See the B stock overview for the latest quote and news.
B AI stock analysis FAQ
What does Barrick Mining Corporation do?
Barrick Mining Corporation explores, develops, produces, and sells mineral properties, focusing on gold, copper, silver, and energy materials. It was founded in 1983, is based in Toronto, Canada, and was formerly named Barrick Gold Corporation until May 2025.
Does Barrick Mining Corporation pay a dividend?
Yes, the company pays a quarterly dividend with a forward rate of $0.70 per share, yielding 1.71%. It has maintained consecutive dividend payments for 42 years with a payout ratio of 27.6%.
How strong is Barrick's balance sheet?
As of June 30, 2026, Barrick held $5.92B in cash and short-term investments compared to $4.68B in total debt, resulting in net cash of $1.24B. Its current ratio is 3.01 and its debt-to-equity ratio is 0.17.
What are Wall Street analysts projecting for B stock?
Analysts have a mean price target of $51.58, indicating 26.4% potential upside from its $40.82 closing price on October 16, 2026. Ratings consist of 11 Strong Buy, 8 Buy, 4 Hold, and 1 Sell recommendations.