Overview Dividends

(B) Barrick Mining - Ratings and Ratios

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

Gold, Copper, Silver, Energy

EPS (Earnings per Share)

EPS CAGR: 279.44%
EPS Trend: 86.6%

Last SUE: 4.00σ
Qual. Beats: 1

Revenue

Revenue CAGR: 155.78%
Revenue Trend: 89.8%

Qual. Beats: 0

Risk via 10d forecast
Volatility	41.1%
Value at Risk 5%th	67.0%
Relative Tail Risk	-1.01%

Reward TTM
Sharpe Ratio	2.03
Alpha	102.63

Character TTM
Hurst Exponent	0.379
Beta	0.465
Beta Downside	0.536

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.

B Stock Overview

Market Cap in USD	30,581m
Sub-Industry	Gold
IPO / Inception	1985-02-04
Return 12m vs S&P 500	83.6%
Analyst Rating	4.09 of 5

B Dividends

Metric	Value
Dividend Yield	1.23%
Yield on Cost 5y	2.41%
Yield CAGR 5y	3.39%
Payout Consistency	86.5%
Payout Ratio	28.0%

B Growth Ratios

Metric	Value
CAGR 3y	39.05%
CAGR/Max DD Calmar Ratio	1.38
CAGR/Mean DD Pain Ratio	3.61
Current Volume	14679.8k
Average Volume	15662.8k

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

(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) 92.21

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 (= 11.87)%

7. RoE 14.51%

8. Rev. Trend 89.78%

9. EPS Trend 86.61%

What is the price of B shares?

As of November 23, 2025, the stock is trading at USD 36.55 with a total of 14,679,810 shares traded.
Over the past week, the price has changed by -1.30%, over one month by +16.03%, over three months by +43.99% and over the past year by +106.27%.

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.

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	-33.4%
Analysts Target Price	24.4	-33.4%
ValueRay Target Price	43.3	18.5%

B Fundamental Data Overview November 15, 2025

Market Cap USD = 30.58b (30.58b USD * 1.0 USD.USD)
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 = 6.92% (E(30.58b)/V(35.29b) * Re(7.73%) + D(4.71b)/V(35.29b) * Rd(2.10%) * (1-Tc(0.20)))
Discount Rate = 7.73% (= 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: 86.61 | EPS CAGR: 279.4% | SUE: 4.0 | # QB: 1
Revenue Correlation: 89.78 | Revenue CAGR: 155.8% | SUE: N/A | # QB: 0

Additional Sources for B Stock

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