(B) Barrick Mining - Ratings and Ratios

Exchange: NYSE • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA06849F1080

Gold, Copper, Silver, Energy Materials

Stock: Gold
Age 41y

MCap 76,480m
Avg Vol 12.9M (641M USD)

Beta 0.468
Volatility 35.14%

EPS (Earnings per Share)

Revenue

Rev. CAGR: 99.54%
Rev. Trend: 89.6%

Qual. Beats: 0

Dividends

Dividend Yield	2.06%
Yield on Cost 5y	2.92%
Yield CAGR 5y	-13.55%
Payout Consistency	90.6%
Payout Ratio	-

Risk via 5d forecast
Volatility	35.1%
Value at Risk 5%th	57.0%
Relative Tail Risk	-1.48%

Reward TTM
Sharpe Ratio	3.18
Alpha	220.73
CAGR/Max DD	1.58

Character TTM
Hurst Exponent	0.393
Beta	0.468
Beta Downside	0.429

Drawdowns 3y
Max DD	28.33%
Mean DD	10.80%
Median DD	10.48%

Description: B Barrick Mining December 17, 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-related materials. The firm, originally incorporated as Barrick Gold Corporation in 1983, rebranded to its current name in May 2025.

Key operational metrics (2023): ≈ 5.2 million ounces of gold produced, ≈ 1.1 million tonnes of copper, and an all-in sustaining cash cost of about $845 per ounce of gold. The company’s exposure to copper is expanding through the recent acquisition of the Cobre project in Chile, positioning it to benefit from the secular rise in copper demand driven by electric-vehicle and renewable-energy infrastructure. Gold’s price sensitivity to real-interest-rate movements remains a primary macro driver for Barrick’s earnings volatility.

For a deeper, data-rich view of Barrick’s valuation dynamics, you might find ValueRay’s analyst dashboards worth a quick look.

Piotroski VR‑10 (Strict, 0-10) 8.0

Net Income: 3.58b TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA 3.80 > 1.0
NWC/Revenue: 40.46% < 20% (prev 51.57%; Δ -11.10% < -1%)
CFO/TA 0.13 > 3% & CFO 6.43b > Net Income 3.58b
Net Debt (-323.0m) to EBITDA (8.75b): -0.04 < 3
Current Ratio: 2.94 > 1.5 & < 3
Outstanding Shares: last quarter (1.70b) vs 12m ago -2.80% < -2%
Gross Margin: 48.32% > 18% (prev 0.35%; Δ 4796 % > 0.5%)
Asset Turnover: 30.52% > 50% (prev 20.47%; Δ 10.05% > 0%)
Interest Coverage Ratio: 17.88 > 6 (EBITDA TTM 8.75b / Interest Expense TTM 388.0m)

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 -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)
Altman-Z'' Score: 3.28 = A

Beneish M -3.29

DSRI: 0.53 (Receivables 551.0m/684.0m, Revenue 14.60b/9.69b)
GMI: 0.73 (GM 48.32% / 35.31%)
AQI: 1.10 (AQ_t 0.28 / AQ_t-1 0.25)
SGI: 1.51 (Revenue 14.60b / 9.69b)
TATA: -0.06 (NI 3.58b - CFO 6.43b) / TA 48.36b)
Beneish M-Score: -3.29 (Cap -4..+1) = AA

ValueRay F-Score (Strict, 0-100) 85.07

1. Piotroski: 8.0pt
2. FCF Yield: 3.69%
3. FCF Margin: 19.25%
4. Debt/Equity: 0.19
5. Debt/Ebitda: -0.04
6. ROIC - WACC: 11.50%
7. RoE: 14.51%
8. Revenue Trend: 89.64%
9. EPS Trend: data missing

What is the price of B shares?

As of January 28, 2026, the stock is trading at USD 52.17 with a total of 14,891,092 shares traded.
Over the past week, the price has changed by +4.32%, over one month by +18.51%, over three months by +64.55% and over the past year by +231.71%.

Is B a buy, sell or hold?

Barrick Mining has received a consensus analysts rating of 4.09. Therefore, it is recommended to buy B.

StrongBuy: 10
Buy: 4
Hold: 8
Sell: 0
StrongSell: 0

What are the forecasts/targets for the B price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	44.8	-14.1%
Analysts Target Price	44.8	-14.1%
ValueRay Target Price	64.8	24.3%

B Fundamental Data Overview January 24, 2026

P/E Trailing = 21.5048
P/E Forward = 13.4953
P/S = 5.2369
P/B = 3.0012
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 = 76.16b USD (76.48b + Debt 4.71b - CCE 5.04b)
Interest Coverage Ratio = 17.88 (Ebit TTM 6.94b / Interest Expense TTM 388.0m)
EV/FCF = 27.09x (Enterprise Value 76.16b / FCF TTM 2.81b)
FCF Yield = 3.69% (FCF TTM 2.81b / Enterprise Value 76.16b)
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 = 1.57 (Enterprise Value 76.16b / 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 = 7.49% (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 = 7.29% (E(76.48b)/V(81.19b) * Re(7.64%) + D(4.71b)/V(81.19b) * Rd(2.10%) * (1-Tc(0.20)))
Discount Rate = 7.64% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 2.81b)
Revenue Correlation: 89.64 | Revenue CAGR: 99.54% | SUE: N/A | # QB: 0

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