(B) Barrick Mining - Ratings and Ratios

Barrick Mining Corporation is a leading global mining company that explores, develops, and produces precious metals and other minerals, including gold, copper, and silver. With a rich history dating back to 1983, the company has evolved to become a diversified mining major, with a significant presence in the gold industry. Headquartered in Toronto, Canada, Barrick Mining Corporation has undergone significant transformations, including a rebranding from Barrick Gold Corporation to its current name in May 2025, reflecting its expanding portfolio beyond gold.

From a technical analysis perspective, Barrick Mining Corporations stock (NYSE:B) is exhibiting a bullish trend, with its current price of $20.68 trading above its 20-day Simple Moving Average (SMA) of $20.30. The stocks 50-day SMA of $19.52 and 200-day SMA of $18.35 indicate a strong upward momentum, as the stock has been consistently trading above these key levels. Furthermore, the Average True Range (ATR) of 0.53, representing 2.56% of the current price, suggests relatively moderate volatility. Given the current technical setup, we forecast that the stock will continue its upward trajectory, with a potential target of $22.50 in the near term, driven by the breakout above the 52-week high of $21.59.

Fundamentally, Barrick Mining Corporations valuation metrics indicate a relatively attractive investment opportunity. With a market capitalization of $30.58 billion and a forward Price-to-Earnings (P/E) ratio of 9.58, the stock appears undervalued compared to its peers. The companys Return on Equity (RoE) of 11.08% suggests a strong ability to generate profits for shareholders. We forecast that the stock will continue to benefit from the companys solid fundamentals, with a potential upside of 15% in the next 12-18 months, driven by the expected improvement in gold prices and the companys operational efficiencies.

Combining both technical and fundamental analysis, our forecast suggests that Barrick Mining Corporations stock is poised for a significant upside. As the gold price continues to trend higher, driven by global economic uncertainties and inflation concerns, Barrick Mining Corporation is well-positioned to benefit from its diversified portfolio and operational strengths. With a clear bullish trend and attractive valuation, we recommend accumulating the stock, targeting a price of $25.00 in the next 2-3 years.