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⚠️ Not investment advice. Past performance does not guarantee future results.
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Barrick Mining ABX.TO

Canada Basic Materials
7.2/10
AI Analyst score
60.70 CAD
Last price at analysis date · analyst target 66.41 (+9.4%)
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🟡 HOLD — Hold; balance sheet strength and cash generation offset geopolitical risk in Mali and potential normalization of gold prices.

Barrick Mining Corporation is one of the world's largest gold and copper miners, with diversified operations in the Americas, Africa, and the Middle East, generating revenue from the extraction and sale of precious and base metals. Barrick shows solid fundamentals with net cash (ND/EBITDA -0.10), operating margin of 51.34% and ROE of 27.01%, although 55.30% earnings growth suggests a possible peak in the gold cycle that could moderate.

Financial health
9.1
Quality / Moat
8.0
Valuation
6.4
Growth
9.0
Dividend
5.5
Momentum
7.4
Risk & Context
5.2

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E11.12
Fwd P/E9.79
EV/EBITDA5.37
P/B2.66
P/S3.42
PEG2.04
Market cap99.91 B CAD
Enterprise value69.33 B USD
🏰 Quality and moat
ROIC (approx.)34.0%
Gross margin56.27%
FCF conversion39%
Operating margin51.34%
📈 Profitability and margins
ROE27.01%
ROA13.44%
Net margin31.60%
FCF5.09 B USD
FCF yield7.21%
🏦 Solvency and liquidity
Total debt4.68 B USD
Net debt-1.25 B USD
Cash5.93 B USD
EBITDA12.90 B USD
Net debt / EBITDA-0.10
D/E12.71
Current ratio3.01
Quick ratio2.12
🚀 Growth
Revenue growth43.80%
Earnings growth55.30%
EPS (TTM)5.46 CAD
EPS (Fwd)6.20 CAD
💰 Dividend and risk
Dividend yield1.60%
Payout23.8%
Beta1.15
Analyst consensusBuy (12)
Target price66.41 CAD
52-week range42.62 CAD – 74.00 CAD
⚠️ Main risk: Geopolitical and regulatory risk in Mali, where political instability or changes in mining taxation could impact production and costs at the Loulo-Gounkoto complex.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

Barrick Mining Corporation is one of the world's largest gold and copper miners, with diversified operations in the Americas, Africa, and the Middle East, generating revenue from the extraction and sale of precious and base metals. Barrick shows solid fundamentals with net cash (ND/EBITDA -0.10), operating margin of 51.34% and ROE of 27.01%, although 55.30% earnings growth suggests a possible peak in the gold cycle that could moderate.

Score by category

CategoryScore
Financial health9.1
Quality / Moat8.0
Valuation6.4
Growth9.0
Dividend5.5
Momentum7.4
Risk & Context5.2

OVERALL SCORE: 7.2/10

Context and risks

Geopolitical exposure in Mali, where Barrick operates the Loulo-Gounkoto complex; the recent union agreement mitigates labor risk, but political instability and regulatory risk persist. Higher crude oil prices increase energy and transport costs in its mining operations, though its 51.34% operating margin partially absorbs this.

News considered in the analysis

  • Barrick signs new agreement with unions at Mali gold complex — Acuerdo laboral en Malí evita huelgas que habrían interrumpido la producción en un activo clave; reduce riesgo operativo a corto plazo.
  • Barrick Mining reaches agreement with Mali unions, planned strikes off - Bloomberg — Confirmación del acuerdo con sindicatos en Malí; elimina el riesgo de paro en una operación importante.
  • Barrick mining reaches deal with Mali gold unions, Bloomberg News reports — Misma noticia del acuerdo sindical; reitera la resolución del conflicto laboral.
  • Barrick (GOLD) Stock Could Be 24% Overvalued On Cash Flow Questions — Artículo de análisis con dudas sobre la calidad del flujo de caja; opinión de terceros, no un hecho confirmado.
  • Can Newmont's Record Free Cash Flow Momentum Carry Into Q3? — Noticia sobre un competidor (Newmont); sin impacto directo en Barrick.

Verdict: Hold; balance sheet strength and cash generation offset geopolitical risk in Mali and potential normalization of gold prices.

Main risk: Geopolitical and regulatory risk in Mali, where political instability or changes in mining taxation could impact production and costs at the Loulo-Gounkoto complex.

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.