Barrick Mining Sets November 9 Date for Q3 2026 Results and Investor Webcast

Barrick Mining (B) shares dropped 5.7% after Freedom Broker downgraded it to Hold and cut its price target to $46. The broker also downgraded Newmont (NEM) and Agnico Eagle (AEM). Analysts expect Barrick's EPS to rise to $4.22 by 2027. Gold's decline also pressured gold miners' stocks.

Barrick Mining stock fell 5.5% after Freedom Broker downgraded it to Hold, cutting its price target to $46. The firm reduced Q3 revenue and EPS estimates, citing operational risks. The downgrade affected other gold miners too. JP Morgan maintained an Overweight rating. The S&P 500 and Nasdaq also declined.

Agnico Eagle Mines (AEM), Barrick Mining (GOLD), and Newmont (NEM) fell 5.2%, 5.1%, and 4.1% respectively after Freedom Broker downgraded them to 'Hold' and cut price targets, citing reduced EBITDA forecasts and operational risks. AEM's target was cut to $212, Barrick's to $46, and Newmont's to $116.

Freedom Broker downgraded Barrick Mining (NYSE:GOLD) to Hold, lowering its price target to $46.00. The firm reduced its Q3 estimates, forecasting revenue of $5.13B, EBITDA of $3.46B, and EPS of $0.81. The 2027 EBITDA estimate was also cut to $16.1B. Barrick's P/E ratio is 10.43 with an 8% free cash flow yield. The downgrade follows a broader trend of reduced earnings forecasts by analysts. The stock has implied upside but a volatility-adjusted return score below Freedom Broker's Buy threshold.

Barrick Mining (NYSE:B) reported a 50% rise in Q2 net earnings to $1.22B, driven by higher gold and copper prices, but free cash flow fell to $141M from $212M a year earlier. The company returned $1.5B to shareholders, exceeding its cash generation. Revenue grew 6.1% annually over five years, with gold prices significantly impacting earnings. Barrick plans a North American IPO of its gold assets by year-end, subject to market conditions.

Gold prices fell to a two-month low, with spot gold closing at $4,109.90 per ounce, down 1.28%. The decline followed Fed signals of another rate hike, with the 10-year Treasury yield at 5.36%. Gold-related ETFs and mining stocks, including Newmont and Barrick, also dropped. China's central bank continued buying gold, but analysts warn of further pressure due to higher rates.