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B

Barrick Mining Corporation

NYSE: B · BASIC MATERIALS · GOLD

$39.33
+2.28% today

Updated 2026-04-30

Market cap
$66.07B
P/E ratio
13.43
P/S ratio
3.90x
EPS (TTM)
$2.93
Dividend yield
1.30%
52W range
$17 – $54
Volume
13.3M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Barrick Mining Corporation (B) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$39.33
Consensus
$50.44
+28.26%
2030 Target
$245.68
+524.74%
DCF
$320.98
+85.16% MoS
9 analysts:
4 Buy1 Hold2 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

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$412.24
$34.7B Rev × 20x P/S
Base case (2030)
$245.68
$34.7B Rev × 12x P/S
Bear case (2030)
$166.56
$34.7B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$11.4B$12.9B$17.0B$22.6B$25.0B$27.8B$31.2B$34.7B
Revenue growth—13.4%31.2%33.0%10.8%11.4%12.1%11.2%
EPS$0.84$1.27$3.02$3.66$4.49$5.24$6.18$7.05
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$162.40$179.05$199.87$220.69$245.68

Catalysts & 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's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 9 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.