Barrick Mining Corporation (B) Stock Price & How to Invest

Barrick Mining Corporation (B) is one of the world's largest gold producers and, increasingly, a major copper producer. It mines and sells gold and copper from a portfolio of large, long-life operations spread across the Americas, Africa, and the Middle East, including Nevada Gold Mines (a joint venture in the United States), Pueblo Viejo in the Dominican Republic, Kibali in the Democratic Republic of Congo, and the Loulo-Gounkoto complex in Mali. The company changed its name from Barrick Gold Corporation to Barrick Mining Corporation and switched its NYSE ticker from GOLD to B in May 2025, reflecting its push to grow copper alongside gold. Its growth pipeline includes the Fourmile gold project in Nevada and the large Reko Diq copper-gold project in Pakistan. As a commodity producer, Barrick's revenue and profits swing with gold and copper prices, which it does not control. Its shares also trade on the Toronto Stock Exchange under ABX. Headquartered in Toronto, Barrick is widely viewed as a large-cap way to gain exposure to gold as a store of value, with growing copper leverage to electrification.

Barrick is a commodity producer, so its revenue and profits swing sharply with gold and copper prices, which it does not control and which can fall in stronger-growth or higher-real-rate environments. Its mines are spread across jurisdictions with meaningful political, regulatory, tax, and security risk, including a well-publicized dispute with the government of Mali over the Loulo-Gounkoto complex and security reviews at the Reko Diq project in Pakistan. Mining is capital intensive and carries operational, environmental, and permitting risks, and costs can rise with energy and labor inflation. The stock is cyclical and can be volatile, and it is a commodity-leveraged position rather than a steady income or defensive holding.

16 analysts publish price targets on B, averaging $52.87 against a $36.73 price as of August 2026, or +43.9%. The published targets run from $29.00 to $64.00, a moderate spread, and the ratings split 19 buy, 4 hold, 1 sell. Over the last six months there has been 1 raise and 8 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full B forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Barrick Mining Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Large-cap gold exposure. Barrick is among the biggest gold miners in the world, producing roughly 3.3 million ounces of gold in 2025. The most optimistic published target, $64.00, assumes this works close to its best case.

The case against. Barrick is a commodity producer, so its revenue and profits swing sharply with gold and copper prices, which it does not control and which can fall in stronger-growth or higher-real-rate environments. The most pessimistic target, $29.00, is roughly what B is worth if this bites instead.

Read the full bull and bear case on B, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Barrick Mining Corporation's investor relations page or your broker.

• Revenue (FY2025): ~$17 billion (varies with metal prices)
• Primary products: gold, with a growing copper business
• Gold production (FY2025): ~3.3 million ounces
• Copper production (FY2025): ~220,000 tonnes (a company record)
• Free cash flow (FY2025): ~$3.9 billion
• Net income: highly cyclical with gold and copper prices
• P/E (TTM): variable; cyclical and price-dependent
• Key growth projects: Fourmile (Nevada gold), Reko Diq (Pakistan copper-gold)

Barrick's valuation is inherently cyclical because earnings move with gold and copper prices the company does not control. A normal P/E can look low near the top of the metals cycle and high or not meaningful near the bottom, so the stock often trades on the gold and copper price outlook rather than on trailing earnings. In 2025 Barrick generated roughly $17 billion of revenue and about $3.9 billion of free cash flow and returned a company-record amount to shareholders through dividends and buybacks. Figures are approximate and move sharply with commodity prices; verify current numbers before relying on them.

These are the investment theses B naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.

Other names that sit close to B: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get B exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so B sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where B fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Barrick Mining Corporation (B) is one of the largest gold producers in the world, with a growing copper business and tier-one assets across several continents. Gold's role as a store of value and copper's role in electrification give it two long-term demand stories, but its profits swing with metal prices it cannot control and with jurisdiction-specific political risk. In a portfolio it behaves as a cyclical, commodity-leveraged holding often used for gold exposure, not a defensive compounder.

Whether B is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is B a buy or a sell?, and where the stock could go from here in the B stock forecast.

For income investors, whether B pays a dividend and how the payout looks is covered in does B pay a dividend? And to weigh B against a peer, read the full side-by-side comparisons: B vs PAAS and B vs AG.