(B) Barrick Mining - Ratings and Ratios
Gold, Copper, Silver, Energy
Dividends
| Dividend Yield | 1.22% |
| Yield on Cost 5y | 2.91% |
| Yield CAGR 5y | 3.39% |
| Payout Consistency | 86.5% |
| Payout Ratio | 28.0% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 35.3% |
| Value at Risk 5%th | 57.1% |
| Relative Tail Risk | -1.81% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.45 |
| Alpha | 147.36 |
| CAGR/Max DD | 1.50 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.347 |
| Beta | 0.501 |
| Beta Downside | 0.556 |
| Drawdowns 3y | |
|---|---|
| Max DD | 28.33% |
| Mean DD | 10.82% |
| Median DD | 10.48% |
Description: B Barrick Mining October 14, 2025
Barrick Mining Corporation (NYSE:B) is a Toronto-based, publicly traded miner that explores, develops, produces, and sells mineral assets, focusing on gold, copper, silver, and energy-critical materials. The firm rebranded from Barrick Gold Corporation to Barrick Mining Corporation in May 2025, reflecting its expanding commodity mix beyond gold.
Key operational metrics (2024): ≈ 5.9 million ounces of gold produced, ≈ 1.2 million tonnes of copper concentrate, and an all-in sustaining cash cost of ≈ $830 per ounce of gold. The company reported a net debt of ~ $5.5 billion and generated free cash flow of ~ $2.3 billion, supporting a dividend yield of roughly 4.2 %.
Economic drivers: Gold prices remain the primary revenue lever, with the 2024 average spot price at ≈ $1,950 per ounce, while copper exposure offers upside in a market where the 2024 average price hovered around $4.10 per tonne. Inflation-linked cost inflation and ESG-related capital expenditures (≈ $500 million in 2024) are material risk factors.
Sector context: The global gold mining industry’s average cash cost in 2024 was about $950 per ounce, positioning Barrick slightly below the peer average and indicating a relative cost advantage. However, the sector faces tightening financing conditions and heightened scrutiny on environmental performance, which can affect capital allocation.
For a deeper quantitative assessment, you may find the ValueRay platforms detailed financial models useful.
Piotroski VR‑10 (Strict, 0-10) 8.0
| Net Income (3.58b TTM) > 0 and > 6% of Revenue (6% = 876.2m TTM) |
| FCFTA 0.06 (>2.0%) and ΔFCFTA 3.80pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 40.46% (prev 51.57%; Δ -11.10pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.13 (>3.0%) and CFO 6.43b > Net Income 3.58b (YES >=105%, WARN >=100%) |
| Net Debt (-323.0m) to EBITDA (8.75b) ratio: -0.04 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.94 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (1.70b) change vs 12m ago -2.80% (target <= -2.0% for YES) |
| Gross Margin 48.32% (prev 35.31%; Δ 13.01pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 30.52% (prev 20.47%; Δ 10.05pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 17.88 (EBITDA TTM 8.75b / Interest Expense TTM 388.0m) >= 6 (WARN >= 3) |
Altman Z'' 3.28
| (A) 0.12 = (Total Current Assets 8.95b - Total Current Liabilities 3.04b) / Total Assets 48.36b |
| (B) -0.07 = Retained Earnings (Balance) -3.28b / Total Assets 48.36b |
| (C) 0.14 = EBIT TTM 6.94b / Avg Total Assets 47.86b |
| (D) 1.64 = Book Value of Equity 23.67b / Total Liabilities 14.44b |
| Total Rating: 3.28 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 90.44
| 1. Piotroski 8.0pt |
| 2. FCF Yield 9.29% |
| 3. FCF Margin 19.25% |
| 4. Debt/Equity 0.19 |
| 5. Debt/Ebitda -0.04 |
| 6. ROIC - WACC (= 11.76)% |
| 7. RoE 14.51% |
| 8. Rev. Trend 89.64% |
| 9. EPS Trend 51.39% |
What is the price of B shares?
Over the past week, the price has changed by +7.67%, over one month by +16.86%, over three months by +49.07% and over the past year by +169.12%.
Is B a buy, sell or hold?
- Strong Buy: 10
- Buy: 4
- Hold: 8
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the B price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 24.4 | -43.5% |
| Analysts Target Price | 24.4 | -43.5% |
| ValueRay Target Price | 52.1 | 20.8% |
B Fundamental Data Overview December 13, 2025
P/E Trailing = 13.4735
P/E Forward = 9.5785
P/S = 2.2984
P/B = 1.2771
Beta = 0.32
Revenue TTM = 14.60b USD
EBIT TTM = 6.94b USD
EBITDA TTM = 8.75b USD
Long Term Debt = 4.64b USD (from longTermDebt, last quarter)
Short Term Debt = 71.0m USD (from shortTermDebt, last quarter)
Debt = 4.71b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -323.0m USD (from netDebt column, last quarter)
Enterprise Value = 30.26b USD (30.58b + Debt 4.71b - CCE 5.04b)
Interest Coverage Ratio = 17.88 (Ebit TTM 6.94b / Interest Expense TTM 388.0m)
FCF Yield = 9.29% (FCF TTM 2.81b / Enterprise Value 30.26b)
FCF Margin = 19.25% (FCF TTM 2.81b / Revenue TTM 14.60b)
Net Margin = 24.53% (Net Income TTM 3.58b / Revenue TTM 14.60b)
Gross Margin = 48.32% ((Revenue TTM 14.60b - Cost of Revenue TTM 7.55b) / Revenue TTM)
Gross Margin QoQ = 54.44% (prev 48.98%)
Tobins Q-Ratio = 0.63 (Enterprise Value 30.26b / Total Assets 48.36b)
Interest Expense / Debt = 2.10% (Interest Expense 99.0m / Debt 4.71b)
Taxrate = 20.03% (477.0m / 2.38b)
NOPAT = 5.55b (EBIT 6.94b * (1 - 20.03%))
Current Ratio = 2.94 (Total Current Assets 8.95b / Total Current Liabilities 3.04b)
Debt / Equity = 0.19 (Debt 4.71b / totalStockholderEquity, last quarter 25.15b)
Debt / EBITDA = -0.04 (Net Debt -323.0m / EBITDA 8.75b)
Debt / FCF = -0.11 (Net Debt -323.0m / FCF TTM 2.81b)
Total Stockholder Equity = 24.69b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.41% (Net Income 3.58b / Total Assets 48.36b)
RoE = 14.51% (Net Income TTM 3.58b / Total Stockholder Equity 24.69b)
RoCE = 23.65% (EBIT 6.94b / Capital Employed (Equity 24.69b + L.T.Debt 4.64b))
RoIC = 18.79% (NOPAT 5.55b / Invested Capital 29.52b)
WACC = 7.03% (E(30.58b)/V(35.29b) * Re(7.86%) + D(4.71b)/V(35.29b) * Rd(2.10%) * (1-Tc(0.20)))
Discount Rate = 7.86% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -1.05%
[DCF Debug] Terminal Value 81.43% ; FCFE base≈2.07b ; Y1≈2.55b ; Y5≈4.35b
Fair Price DCF = 43.04 (DCF Value 74.01b / Shares Outstanding 1.72b; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 51.39 | EPS CAGR: 18.23% | SUE: 4.0 | # QB: 1
Revenue Correlation: 89.64 | Revenue CAGR: 99.54% | SUE: N/A | # QB: 0
EPS next Year (2026-12-31): EPS=2.24 | Chg30d=+0.268 | Revisions Net=+6 | Growth EPS=+27.4% | Growth Revenue=+17.2%
Additional Sources for B Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle