Barrick Mining Corp (B) Price

The P/E ratio of Barrick Mining Corp is N/A

Dr. D. Mark Bristow is the President of Barrick Mining Corp, joining the firm since 2019.

The current price of B is 30.06, it has increased 1.93% in the last trading day.

Barrick Mining Corp belongs to Metals & Mining industry and the sector is Materials

Barrick Mining Corp's current market cap is $51.2

According to wall street analysts, 14 analysts have made analyst ratings for Barrick Mining Corp, including 5 strong buy, 8 buy, 4 hold, 0 sell, and 5 strong sell

Updated: Thu, 18 Sep 2025 06:30:52 GMT UTC

Barrick Mining's core narrative is a tale of two opposing forces. The company has strategically rebranded, changing its name from "Barrick Gold" and its ticker to 'B' to signal a pivot towards a dual-commodity future focused on gold and copper[^50^]. This move, championed by CEO Dr. D. Mark Bristow, aims to capitalize on the global energy transition's demand for copper through major projects like Reko Diq and Lumwana[^49^][^50^]. However, this forward-looking growth story is heavily counterbalanced by a persistent geopolitical headwind: a protracted dispute with the government of Mali over the Loulo-Gounkoto mine, a major producing asset[^25^][^49^]. This conflict has created a significant valuation overhang, with the market pricing in a substantial risk premium[^53^].

The market is aware of Barrick's major copper growth projects, but their full value is not yet reflected in the share price due to execution risk[^54^].

• Key Projects: The Reko Diq project in Pakistan and the Lumwana Super Pit expansion in Zambia are positioned as transformational assets[^49^].
• Projected Growth: These projects are central to the company's goal of increasing gold equivalent production by 30% by the end of the decade[^5^].
• Market Pricing: Analyst models discount the future contributions of these projects. Positive feasibility study updates would serve as a key catalyst, reducing this discount and providing a basis for higher price targets[^54^].

The most significant risk and valuation suppressor for Barrick is the ongoing dispute with the government of Mali[^25^].

• Asset Impact: The conflict led to the suspension of the Loulo-Gounkoto mine in January 2025, removing a major producing asset from guidance[^25^].
• Market Reaction: The market has applied a significant risk premium to Barrick's stock, causing it to trade at a valuation discount to peers like Newmont[^53^]. Some analysts explicitly exclude the Malian operations from their valuations[^53^].
• Potential Catalyst: A favorable resolution is not priced in and would represent a major upside catalyst, likely removing the valuation overhang[^52^][^53^].

Barrick features a high degree of institutional ownership, which signals broad market conviction in its long-term strategy[^43^].

• Ownership Level: Institutional investors own approximately 90.82% of the company[^43^].
• Active Management: Sophisticated, research-driven active funds have been aggressively accumulating shares. American Funds EUPAC added over 21.1 million shares, and the BGF World Gold Fund increased its holdings by 8.38 million shares[^42^].
• Investor Confidence: This pattern of accumulation by active managers, even as some passive ETFs rebalance, implies a strong belief that the stock is undervalued on its fundamental merits[^42^].

Drawing a firm conclusion on insider sentiment is challenging due to data inconsistencies following the company's recent ticker change[^46^]. While some reports suggest a negative shift, the most reliable analysis indicates that recent transactions are primarily related to stock-based compensation rather than significant open-market selling by senior leadership[^46^]. This mitigates concerns of a bearish insider outlook.

A key near-term event for Barrick is the upcoming index rebalance for the VanEck Gold Miners ETF (GDX), one of its largest institutional shareholders[^40^]. On September 19, 2025, GDX will switch its underlying benchmark index[^40^]. This will force a portfolio rebalance, potentially resulting in significant, non-fundamental buying or selling of Barrick shares to match the new index weighting[^40^]. Investors should anticipate unusual price volatility and trading volume around this date.

Analysis of trading volume reveals significant institutional interest and periods of clear accumulation, providing a strong technical foundation for the stock[^37^]. The average daily trading volume of 24.4 million shares indicates healthy liquidity[^37^]. Furthermore, indicators like a positive On-Balance Volume (OBV) and the stock frequently trading above its Volume-Weighted Average Price (VWAP) suggest that buyers are exhibiting aggression, a classic sign of a well-supported uptrend[^37^][^38^].

Barrick's stock has demonstrated strong risk-adjusted momentum, rewarding investors for the volatility inherent in the sector[^35^]. With a 1-year price return of 54.6%, its performance has been highly efficient for the level of risk undertaken[^35^]. A calculated 1-year Sharpe Ratio of approximately 0.95, a figure close to 1.0, indicates that the stock's performance is driven by strong underlying momentum, not just high volatility[^35^].

Analyst sentiment is moderately bullish, reflecting confidence in the long-term growth story while acknowledging near-term risks[^58^].

The wide spread between the high and low targets highlights the uncertainty surrounding the Mali dispute[^56^]. However, the overall trend has become more positive, with upgrades from firms like CIBC and UBS, the latter citing a potential Mali resolution as a key catalyst[^45^][^57^].

Data on congressional trading shows no significant activity in Barrick stock over the last 24 months[^47^]. This suggests the company is not currently at the center of a specific, high-profile political debate in the United States that would attract trading from lawmakers. The company does maintain a consistent lobbying presence, which is typical for a corporation of its scale[^47^].

Sentiment indicators from the options market are generally bullish, though with signs of sophisticated hedging[^44^]. The put/call ratio has recently been as low as 0.48, indicating that the volume of bullish call options being traded significantly outweighs bearish puts[^44^]. However, reports of large, specific bearish put trades suggest that while the dominant sentiment is positive, some investors are actively buying downside protection, likely following the stock's strong performance[^44^].

Barrick Mining Corp presents a clear investment dichotomy. On one hand, it possesses a strong balance sheet, a disciplined management team, and a compelling, long-term growth narrative tied to the global energy transition through its copper assets[^11^][^49^]. On the other, its valuation is actively suppressed by a significant and unresolved geopolitical crisis in Mali[^25^][^53^]. The upcoming GDX ETF rebalance introduces a short-term layer of unpredictable volatility[^40^]. For investors, the path forward for Barrick's stock hinges on management's ability to navigate the Mali dispute while simultaneously executing on its transformative copper projects.