Stifel Raises Barrick Mining (B) PT to C$95 with Buy Rating

Core Viewpoint - Barrick Mining Corporation is considered one of the most undervalued gold stocks, with analysts recommending it as a buy following a significant increase in revenue and production levels [1][2]. Financial Performance - Barrick Mining reported a 45% sequential revenue increase, totaling $6 billion, driven by higher production levels and a 21% rise in realized gold prices, which also reflects a 64.53% year-over-year improvement [2]. - Gold production for the full year reached 3.26 million ounces, while copper production experienced a 13% quarterly increase [2]. Strategic Initiatives - The company is planning a partial IPO of its North American assets by Q4 2026 to address perceived undervaluation [3]. - Barrick ended the year with a strong financial position, holding $2 billion in net cash and stable reserves of 85 million ounces of gold and 18 million tons of copper [3]. Company Overview - Barrick Mining Corporation engages in the exploration, development, production, and sale of mineral properties, focusing on gold, copper, silver, and energy materials [5].