B
Barrick Mining Corporation
NYSE: B · BASIC MATERIALS · GOLD
$40.20
+2.81% today
Updated 2026-06-12
Market cap
$72.56B
P/E ratio
11.93
P/S ratio
3.81x
EPS (TTM)
$3.62
Dividend yield
1.36%
52W range
$19 – $54
Volume
12.4M
Barrick Mining Corporation (B) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed B price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$40.20
Today
Analyst consensus
$50.44
+25.47% · 12M
2030 Base
—
— future
NPV today
—
@ — WACC
9 analysts:
4 Buy1 Hold3 Sell
Management guidance
No specific CEO revenue targets disclosed in available data. Barrick has guided 2026 gold production of 2.90-3.25M oz with all-in sustaining costs of $1,760-$1,950/oz. Company is advancing strategic initiatives including North American asset IPO and copper expansion (Lumwana, Fourmile), but no explicit revenue guidance through 2030.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
B · Barrick Mining Corporation · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
—
NPV today: —
Base case (2030)
—
NPV today: —
Bull case (2030)
—
NPV today: —
WallStSmart.com
B financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $17.0B | $22.6B | $25.0B | $27.8B | $31.2B | $34.7B |
| Revenue growth | 31.2% | 33.0% | 10.8% | 11.4% | 12.1% | 11.2% |
| Net margin | — | — | — | — | — | — |
| EPS | $2.44 | $3.66 | $4.49 | $5.24 | $6.18 | $7.05 |
| Diluted shares | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — |
| P/S multiple | — | 2.0x | 2.0x | 2.0x | 2.0x | 2.0x |
| Implied price (base) | — | $162.40 | $179.05 | $199.87 | $220.69 | $245.68 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $34.7B | $34.7B | $34.7B |
| P/S multiple | 1.0x | 2.0x | 4.0x |
| Diluted shares | 0M | 0M | 0M |
| Net debt | — | — | — |
| Implied P/E † | — | — | — |
| 2030 Price | $— | $— | $— |
| NPV @ — | $— | $— | $— |
† Implied P/E: Multiples remain elevated across all three scenarios because B is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $— base case
B catalysts and risks
Growth catalysts
+ North American assets IPO/spin-off (minority stake planned late 2026, potential NewCo valuation >$60B)
+ Reko Diq copper-gold project restart (review extended to mid-2027; one of world's largest undeveloped deposits)
+ Gold price bull run continuation and sustained high commodity prices driving cash flow
+ Copper growth strategy (Lumwana expansion, Fourmile development) as industry faces copper deficit
+ Dividend policy shift to return 50% of free cash flow to shareholders
Key risks
- Reko Diq delay: 12-month project pause amid Pakistan security concerns; previously targeted late 2028 production now uncertain; capital budget overruns expected (Phase 1: $5.6-6.0B, Phase 2: $3.3-3.6B)
- Geopolitical volatility: Iran tensions, Pakistan instability, and Middle East escalation impact operations and timelines
- Gold price volatility: Sector dependent on precious metals prices; recent weakness despite geopolitical tensions
- Rising all-in sustaining costs: 2026 guidance of $1,760-$1,950/oz reflects inflation in consumables and energy; margin compression risk
- Newmont Nevada joint venture dispute: Legal conflict over resource allocation may affect production growth
- Lower 2026 production guidance: 2.90-3.25M oz gold represents potential decline vs. prior capacity
Methodology · Barrick Mining Corporation 2030 stock forecast model
Barrick Mining Corporation 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 9 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-100% cumulative for B by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory (— by 2030) |
| 3. Time value | NPV calculated using — WACC (sector fallback) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 2.0x / bull 4.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.
B price target FAQ
How is the Barrick Mining Corporation 2030 stock forecast calculated?
The B 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
What is the analyst consensus on B stock?
9 analysts cover B with an average 12-month price target of $50.44. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.