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finance.yahoo.comOCT 222 min read$B

Barrick Sinks 5.7% as Freedom Broker Cuts Gold Majors to Hold, Slashes Target to $46

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.

Original reporting
finance.yahoo.com
Published Oct 22, 2026, 5:04 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 22, 2026, 5:17 PM UTC. Informational, not investment advice.
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Barrick Sinks 5.7% as Freedom Broker Cuts Gold Majors to Hold, Slashes Target to $46 — source image
Source · finance.yahoo.com
Decision brief

The 30-second read

$BBearishMed
01

Why it matters

The downgrade and target reduction are the primary catalysts for Barrick's 5.7% decline.

02

Market read

Immediate price impact on Barrick and potential spillover to other gold miners.

03

What to watch

The downgrade does not change Barrick's long‑term earnings trajectory, which remains positive.

Relevance 7/10Novelty 7/10Timing: pre‑market today

Background

Freedom Broker downgraded multiple gold miners amid a 2% drop in spot gold, prompting a sector‑wide sell‑off.

Company-level read

Ticker impact

$BBearishHigh confidence
Context

Barrick shares fell 5.7% after Freedom Broker cut the rating to Hold and lowered the price target to $46.

Expected impact

downward pressure as investors price in the lower target

Evidence & confidence

The downgrade is a fresh analyst action and the stock moved sharply on the news.

Market effects

Sector

Gold mining sector may see broader weakness as peers also fell on the same metal price decline.

Regional

U.S. mining stocks could be pressured in early trading.

Global

Spot gold's drop amplifies the sell‑off across global miners.

Counterpoint

What could challenge this read

Some investors may view the lower valuation as a buying opportunity if gold stabilizes.

Key entities

  • Company
    Barrick Gold Corp.

    Gold mining company whose shares fell after downgrade.

Read at source← All news

StoryFreedom Broker downgrades Barrick to Hold and cuts price target to $46

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