Update shared on28 Sep 2025
Fair value Increased 19%Barrick Mining’s fair value has been revised upward as reflected by a higher Future P/E and only a marginal decline in net profit margin, resulting in a substantial increase in the consensus analyst price target from CA$38.37 to CA$45.53.
What's in the News
- Barrick's Fourmile project in Nevada is emerging as a potential Tier One gold asset, with a new PEA indicating exceptional grades, scale, and low-cost, long-life production; significant expansion in exploration drilling is planned through 2028.
- The company declared a $0.15 per share dividend for Q2, maintaining its Performance Dividend Policy.
- Barrick completed repurchasing 21.2 million shares for $411 million, accounting for 1.23% of shares outstanding under the 2025 buyback.
- Q2 gold production declined year-over-year to 797,000 oz (from 948,000 oz), while copper output increased to 59,000 tonnes (from 43,000 tonnes); full-year guidance is 3.15–3.5 million oz gold and 200,000–230,000 tonnes copper.
- Barrick is in advanced talks to sell its Hemlo gold mine in Canada to Discovery Silver Corp, though a transaction is not guaranteed.
Valuation Changes
Summary of Valuation Changes for Barrick Mining
- The Consensus Analyst Price Target has significantly risen from CA$38.37 to CA$45.53.
- The Future P/E for Barrick Mining has significantly risen from 15.32x to 18.63x.
- The Net Profit Margin for Barrick Mining has fallen slightly from 25.25% to 24.70%.
Disclaimer
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