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UBS Lifts PT on Barrick Mining (B) to $39, Maintains Buy Rating
Yahoo Financeยท 2025-10-31 09:42
Core Viewpoint - Barrick Mining Corporation is considered one of the best stocks to buy and hold for the next decade, with recent price target increases from major analysts indicating positive sentiment towards the company's future performance [1][2][3]. Price Target Adjustments - UBS raised Barrick Mining's price target to $39 from $35 while maintaining a Buy rating [1]. - BofA Securities analyst increased the price target to $38 from $36, with a Neutral rating, as part of a broader adjustment in North American precious metals coverage, which saw an average increase of 16% [2]. - National Bank analyst maintained a Buy rating with a price target of C$65.00 [3]. Commodity Price Forecasts - The adjustments in price targets are driven by higher forecasts for gold and silver prices, with projections of gold reaching $5,000 per ounce and silver hitting $65 per ounce [2]. Company Overview - Barrick Mining Corporation engages in the exploration, development, production, and sale of mineral properties, focusing on gold, copper, silver, and energy materials [3].