Core Viewpoint - Barrick Mining Corporation is expected to report fourth-quarter 2025 results on February 5, with earnings anticipated to rise by 89.1% year-over-year, driven by higher gold prices despite production and cost challenges [1][6]. Group 1: Earnings Expectations - The Zacks Consensus Estimate for Barrick's fourth-quarter earnings is set at 87 cents per share, reflecting an increase from previous estimates over the last 60 days [1]. - Barrick has beaten the Zacks Consensus Estimate for earnings in three of the last four quarters, with an average earnings surprise of approximately 8.7% [2]. Group 2: Production and Costs - Higher gold prices are expected to support Barrick's performance, with gold prices closing nearly 13% higher in the fourth quarter and surging about 65% in 2025 [7]. - However, Barrick is facing weaker year-over-year production, with a projected 18% decline in gold production for the fourth quarter, estimated at around 889,000 ounces [9]. - The company experienced a 12% year-over-year decline in third-quarter gold production, primarily due to the suspension of operations at the Loulo-Gounkoto mine [8]. - Higher production costs are anticipated to impact fourth-quarter results, with cash costs per ounce of gold and all-in-sustaining costs (AISC) increasing by approximately 3% and 2% year-over-year, respectively [10][11]. Group 3: Market Performance and Valuation - Barrick's stock has increased by 176.5% over the past year, outperforming the Zacks Mining – Gold industry's increase of 127.3% and the S&P 500's rise of 18.1% [12]. - The company is currently trading at a forward 12-month earnings multiple of 13.56, which is about a 6% discount compared to the industry average of 14.43 [15]. Group 4: Strategic Positioning - Barrick is well-positioned to benefit from key growth projects that are on schedule and within budget, which should significantly contribute to future production [18]. - The company maintains a robust liquidity position and generates healthy cash flows, allowing it to pursue development, exploration, and acquisition opportunities [19]. - Despite challenges from higher costs and operational issues leading to lower production, Barrick's strong pipeline of growth projects and favorable gold market conditions support a positive outlook [21].

Group 1 - Barrick Mining Corporation is considered one of the most undervalued large-cap stocks currently, with a significant discount compared to its global peers [1] - JPMorgan initiated coverage of Barrick Mining with an Overweight rating and a price target of $68, citing strong demand for gold driven by central bank activities and US policy uncertainty [1] - Canaccord raised its price target for Barrick Mining to C$80 from C$70 while maintaining a Buy rating [2] - Bank of America increased its price target for Barrick Mining to $58 from $50, also maintaining a Buy rating, highlighting intensified macroeconomic factors affecting gold prices [3] Group 2 - Barrick Mining explores, develops, produces, and sells mineral properties, focusing on gold, copper, silver, and energy materials [4]

Core Viewpoint - The article discusses a significant drop in gold and silver prices, attributed to the market's reaction to Trump's nomination of Kevin Warsh as the Federal Reserve Chairman, which is perceived as a hawkish choice, leading to a stronger dollar and reduced appeal for dollar-denominated commodities [1][3][14]. Group 1: Market Reaction - Gold prices fell sharply after reaching a historical high, with a drop of nearly 13%, marking the largest intraday decline since the early 1980s [1][11]. - Silver, which had previously surged past $120, saw its price plummet over 35%, the largest recorded drop in history [1][11]. - The entire metals market was affected, with copper also experiencing a significant decline of nearly 6% after reaching record highs [1][11]. Group 2: Federal Reserve Policy Expectations - The market's sell-off was driven by a sudden shift in expectations regarding Federal Reserve policy, with Warsh's nomination seen as a signal against aggressive rate cuts [3][4]. - Analysts noted that Warsh's hawkish reputation, despite recent support for rate cuts, contributed to a rebound in the dollar, making dollar-denominated commodities less attractive [4][18]. Group 3: Market Vulnerability - The dramatic price drop highlighted the extreme vulnerability of the precious metals market, which had been characterized by crowded long positions and record levels of bullish options buying [7][8]. - Analysts indicated that the market had become highly speculative, with a potential for a "gamma squeeze" that could exacerbate price movements [20][22]. Group 4: Technical Indicators and Market Sentiment - Prior to the crash, technical indicators suggested that gold and silver were overbought, with the Relative Strength Index (RSI) for gold reaching a historic high of 90 [24]. - Despite the sharp decline, both gold and silver recorded substantial gains for January, with gold up approximately 9% and silver over 10% [24]. Group 5: Mining Stocks and ETFs - The drop in precious metals prices led to significant declines in major mining companies, with stocks like Newmont and Barrick Mining falling over 10% [26]. - Silver ETFs experienced even greater losses, with some funds seeing declines of over 60%, marking their worst single-day performance [26]. Group 6: Future Outlook - Some analysts view the recent pullback as a healthy correction, suggesting that the rapid price increases necessitated a consolidation phase [26]. - There are indications that buying opportunities may arise as prices stabilize, particularly for silver, which is expected to benefit from industrial demand and supply shortages [26].

Core Insights - The year 2026 has begun with notable cross-asset volatility due to rising geopolitical risks, late-cycle monetary uncertainty, and uneven earnings visibility, leading to sharp sector and asset-class rotations rather than broad sell-offs [1] Precious Metals - Gold has traded above $5,300/oz and silver exceeded $110/oz in January, marking one of the strongest monthly starts in decades, with gold up approximately 23% in January, its best monthly performance since the 1980s [2] - In 2025, gold rose 65.2% and silver more than 150%, significantly outperforming global equities, while gold-mining equities gained 166.4%, compared to a 23.1% increase in the FTSE All-World Index [3] Earnings Outlook - Despite macroeconomic stress, the mean earnings-per-share (EPS) estimate for the Zacks S&P 500 Composite indicates a growth of 29.3% in 2026, with capital rotating towards assets with pricing power and strong balance sheets [8] AI Capital Expenditure - Companies are increasing long-term investments in AI data centers, advanced semiconductors, and cloud infrastructure, making this spending a strategic necessity rather than a discretionary upgrade [9][10] Sector Positioning for 2026 - Selective sector allocation is recommended for 2026, focusing on three standout sectors: AI infrastructure and semiconductors, precious metals and gold-linked equities, and energy and critical materials [11] AI Infrastructure & Semiconductors - Capital is concentrating in companies with AI capacity, with NVIDIA and Micron Technology emerging as key beneficiaries, projected to report earnings growth of 57.1% and 298.7% respectively in their upcoming fiscal years [12] Precious Metals & Gold-linked Equities - Gold-mining equities are outperforming bullion due to higher realized prices and disciplined capital expenditure, with Newmont and Barrick projected to report earnings growth of 20.8% and 45% respectively in 2026 [14] Energy & Critical Materials - The demand for electricity and key inputs like copper and nickel is accelerating due to AI data centers, with utilities like NextEra expected to report earnings growth of 7.8% in 2026 [16]

In the current market session, Barrick Mining Inc. (NYSE:B) stock price is at $45.86, after a 11.89% decrease. However, over the past month, the company's stock went up by 4.02%, and in the past year, by 176.87%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. Barrick Mining P/E Compared to CompetitorsThe P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate ...

Group 1 - Morgan Stanley initiated coverage on the North American gold sector, giving Barrick Gold (B.US) an "Overweight" rating with a target price of $68, and Agnico Eagle Mines (AEM.US) a "Neutral" rating with a target price of $248 [1] - The outlook for gold is bullish in both the short and long term, supported by central bank buying and uncertainty in U.S. policies [1] - Agnico Eagle is considered a leader in the sector due to its excellent operations, attractive cost structure, and low-risk regional positioning, although its valuation is currently seen as saturated [1] - Barrick Gold has a world-class reserve base and strong internal growth potential, but its performance record is mixed and it is undergoing a management transition [1] - Barrick's stock is currently trading at a significant discount compared to global peers, with potential positive catalysts such as the restart or sale of the Loulo-Gounkoto mine and resource updates from the Fourmile mine [1] Group 2 - Both Barrick Gold and Agnico Eagle Mines reached multi-year highs of $54.69 and $225 respectively in early trading, but subsequently fell, closing down 1.76% and 3.35% due to a pullback in gold futures prices from historical highs above $5500 per ounce [2]

Core Viewpoint - Barrick Mining is expected to report a year-over-year increase in earnings and revenues, with a consensus outlook indicating potential stock price movement based on actual results compared to estimates [1][2]. Earnings Expectations - The upcoming earnings report is anticipated to show quarterly earnings of $0.89 per share, reflecting a year-over-year increase of 93.5% [3]. - Revenues are projected to reach $4.78 billion, which is a 31.1% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 15.87% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Barrick Mining is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.56%, suggesting a bearish outlook from analysts [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the likelihood of actual earnings deviating from consensus estimates, with positive readings being more reliable [9][10]. - Barrick Mining currently holds a Zacks Rank of 3, which complicates predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, Barrick Mining had an earnings surprise of +1.75%, having posted earnings of $0.58 per share against an expectation of $0.57 [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Conclusion - While Barrick Mining does not appear to be a strong candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [17].

Core Viewpoint - Gold is experiencing a resurgence in macro-dominance, with significant price increases for both bullion and miners, leading to a valuation divergence between Barrick Mining Corp and Agnico Eagle Mines Ltd [1] Group 1: Company Comparisons - Agnico Eagle is viewed as the "premier player" in the mining sector, characterized by strong operational execution, a clean cost profile, and a low-risk geographic footprint, resulting in a 37% premium over peers [2] - Barrick Mining, while having a world-class reserve base and potential for organic growth, faces jurisdictional risks, management transitions, and a mixed operational track record, leading to a 22% discount compared to peers [3] Group 2: Investment Ratings and Price Targets - JPMorgan's analysis suggests that Barrick's current discount may be overdone due to upcoming company-specific catalysts, justifying an Overweight rating and a price target of $68 [4] - Agnico is considered a long-duration growth story, with a valuation that is already "relatively full," leading to a Neutral rating as the company is seen as needing a better entry point for investment [4] Group 3: Macro Environment - Both companies are projected to maintain extraordinary profitability, with EBITDA margins around 75% expected into FY26-27, supported by strong free cash flow for capital expenditures and shareholder returns [5] - The macro backdrop for gold is bolstered by central bank buying, ETF inflows, and a structural reevaluation of gold's role in the financial system, contributing to a bullish long-term price outlook [5] Group 4: Market Perception - Agnico Eagle is priced as a flawless operator, while Barrick is perceived as a geopolitical problem; if risks normalize, the 22% discount on Barrick could present a significant trading opportunity [6]

Core Viewpoint - Gold is experiencing a resurgence in macro-dominance, with significant price increases for both bullion and miners, leading to a valuation divergence between Barrick Mining Corp and Agnico Eagle Mines Ltd [1] Group 1: Company Comparisons - Agnico Eagle is viewed as the "premier player" in the mining sector, characterized by strong operational execution, a clean cost profile, and a low-risk geographic footprint, resulting in a 37% premium over peers [2] - Barrick Mining, while having a substantial reserve base and growth potential, faces challenges such as jurisdictional risk and management transitions, leading to a 22% discount compared to peers [3] Group 2: Valuation and Ratings - The market's pricing of Barrick's risks may be overdone, with potential company-specific catalysts justifying an Overweight rating and a price target of $68 [4] - Agnico is considered a long-term growth story, but its current valuation is seen as "relatively full," prompting a Neutral rating while waiting for a better entry point [4] Group 3: Macro Environment - Both companies are projected to maintain high profitability, with EBITDA margins around 75% into FY26-27, supported by strong free cash flow for capital expenditures and shareholder returns [5] - The macroeconomic backdrop, including central bank buying and ETF inflows, supports a bullish long-term outlook for gold prices [5] Group 4: Market Perception - Agnico is perceived as a flawless operator, while Barrick is viewed as a geopolitical problem, indicating that if risks normalize, Barrick's 22% discount could present a significant trading opportunity [6]

Core Viewpoint - Barrick Mining Corporation (NYSE:B) is recognized as one of the most profitable cheap stocks to invest in, with multiple analysts raising their price targets due to favorable market conditions for gold and precious metals [1][2][3]. Group 1: Price Target Increases - Scotiabank raised its price target on Barrick Mining from $43 to $63 while maintaining an Outperform rating, reflecting an overall positive outlook for the gold and precious minerals sector [1]. - Canaccord increased its price target on Barrick Mining from C$70 to C$80, keeping a Buy rating on the stock, indicating strong confidence in the company's performance [2]. - BofA Securities raised its price target from $50 to $58 while maintaining a Buy rating, citing intensified macroeconomic factors driving gold prices higher [3]. Group 2: Market Conditions - Analysts attribute the upward revisions in price targets to ongoing economic and geopolitical uncertainty, as well as strong central bank buying of gold and silver [1][3]. - The overall sentiment in the precious metals market is bolstered by a strong portfolio of gold and copper assets held by Barrick Mining [3].