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B

Barrick MiningA
NYSE / Materials
Last Price
Quote time unavailable
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Current thesis
Q2 gold production of 796,000 ounces exceeded Barrick's stated 730,000–770,000-ounce range, helped by Loulo-Gounkoto's restart, Pueblo Viejo's recovery and Goldrush's ramp-up. Continued execution plus an IPO could support upside, but the IPO remains conditional.
Posture
Constructive
Lead driver
Value
What changed
Value remains the lead driver in the composite, 7D delta +0.5.
What can break
Gold and copper price sensitivity, fuel costs and mining-jurisdiction risks remain material. [#IR-2026-08-10] Barrick Q2 results
Momentum
50
Value
69
Sentiment
60
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $40.00 · Bull $47.00 · Bear $30.00Analysis 2026-10-24; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-24 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade A · Constructive
Confidence Medium · Net Neutral
Target $51.86
Why
Momentum50 · Δ7d -15.8
Value69 · Δ7d +0.5
Sentiment60 · Δ7d +5.2
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • Value remains the lead driver in the composite, 7D delta +0.5.

Contradictions & invalidation

  • • Gold and copper price sensitivity, fuel costs and mining-jurisdiction risks remain material. [#IR-2026-08-10] Barrick Q2 results
  • • Higher mine costs or weaker grades could prevent Barrick from meeting its unchanged full-year production and cost guidance. [#IR-2026-08-10] Barrick Q2 results
  • • Q2 gold cost of sales rose to $1,993 per ounce from $1,654 a year earlier, with lower grades, fuel and royalties cited by Barrick.

Catalyst clock

2026-10-05

North Mara license renewal supports mine continuity

Lead driver: Value · See fundamentals
Momentum
50
8% active weight
Current posture
7d trendSoftening
Δ7d
-15.8
Δ21d
-22.2
Value
69
47% active weight
Current posture
7d trendFlat
Δ7d
+0.5
Δ21d
+0.1
Sentiment
60
45% active weight
Current posture
7d trendImproving
Δ7d
+5.2
Δ21d
-3.6
Why this grade

Composite grade A. Momentum 50.5 / Value 69.2 / Sentiment 60.5

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-24. Scenario method

B+
Bull case
25%
Probability
Target price
$47.00
Analysis reference price unavailable
Analysis 2026-10-24 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$40.00
Analysis reference price unavailable
Analysis 2026-10-24 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$30.00
Analysis reference price unavailable
Analysis 2026-10-24 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$62.74B
Beta
0.88
Shares Out
1.65B
P/E (TTM)
22.0
P/S (TTM)
5.29
P/FCF (TTM)
38.95
Rev YoY
+44.6%
EPS YoY
+54.6%
Gross Margin
+53.2%
Op Margin
+52.2%
Net Debt
-$2B
Current Ratio
3.01
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data