This Dividend-Yielding Gold Stock Is Up 184% in 2025. Should You Bet on Higher Gold Prices in 2026?

Industry Overview - Gold has increased by 72% over the last year, driven by geopolitical tensions and softening monetary policies from the Federal Reserve [1] - The market is pricing in a gold-friendly outlook for 2026, with expectations of lower rates and a softer dollar [2] Company Profile: Barrick Mining - Barrick Mining is a mining and development company headquartered in Toronto, Canada, with operations in 17 countries across five continents [4] - The company has a market capitalization of $76.5 billion [4] Stock Performance - Barrick Mining's shares have surged by 184% in 2025, significantly outperforming the S&P 500, which is up nearly 16%, and the VanEck Gold Miners ETF, which is up 164% [5] - The stock's price-to-earnings ratio has increased to 21.8, up from around 15 for most of the year, indicating a premium valuation [6] Financial Performance - Barrick Mining reported third-quarter revenues of $4.18 billion, a 23% increase year-over-year, attributed to rising gold prices [7] - Net earnings reached $1.3 billion, up 170% from the previous year, with free cash flow of $1.47 billion, up 233% [7] - Earnings per share (EPS) improved to $0.58, exceeding analysts' expectations and up from $0.30 a year ago [7] Dividend Information - Barrick Mining pays a modest dividend of 1.5%, or $0.70 annually per share, with a sustainable payout ratio of 20.7% [6] - The company increased its dividend payout by 16% in the most recent disbursement [6]