Freedom Capital Raises Barrick Mining (B) PT, Keeps Buy Rating

Core Viewpoint - Barrick Mining Corporation is transitioning from a pure gold producer to a leader in precious metals and copper, supported by a significant growth pipeline and strategic projects [1][3]. Group 1: Price Target and Ratings - Freedom Capital Markets raised the price target for Barrick Mining Corporation from $20.50 to $42.00 while maintaining a Buy rating [1]. - The firm highlighted a $12 billion growth pipeline that could enable a 30% increase in production by 2030 [1]. Group 2: Upcoming Developments - Important upcoming developments include the Fourmile project approval expected in Q1 2026, which will initiate underground construction [2]. - The Reko Diq and Lumwana expansion projects are planned to start production in 2028, creating a synchronized growth inflection that will enhance production levels and cash flow [3]. Group 3: Company Overview - Barrick Mining Corporation is recognized as a leading mining, exploration, and development company with a strong portfolio of gold and copper assets [3].