Barrick Mining Corporation (B) Fundamental Analysis: Bull vs. Bear Case

B

Barrick Mining Corporation

Fundamental data last updated:June 15, 2026

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company profile

SECTOR

Basic Materials

industry

Gold

Exchange

NYSE

County of HQ

CA

Next Earnings Date

08/10/2026

Business Summary

Barrick Mining Corporation primarily focuses on the entire lifecycle of mineral assets, from their initial discovery and subsequent development to their extraction and eventual sale. The company actively explores for a variety of commodities, including precious metals like gold and silver, industrial metals such as copper, and other materials used for energy production. Previously identified as Barrick Gold Corporation, the organization officially adopted its current name, Barrick Mining Corporation, in May 2025. The company was founded in 1983 and has its corporate headquarters situated in Toronto, Canada.

VALUATION

P/E

11.05 Market Cap ($M USD)

$67.35B

Forward P/E

9.77 PEG

0.75 PRICE TO SALES

3.55 PRICE TO BOOK

2.47 EV / EBITDA

5.03 5-Year Average P/E

Free Cash Flow Yield

7.82%

DCF Value

$15.49

Graham Number

$36.57

Price to FCF

12.79 EV to FCF

12.33 Earnings Yield

9.03%

FCF Yield

7.82%

DIVIDEND

Yield

2.25%

Annual Payout

$0.91

Payout Ratio

23.11%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$3.64

Next Year EPS Growth Estimate

$4.11

Next Year Revenue Growth Estimate

$2.09T

Return on Equity (ROE)

23.48%

FREE CASH FLOW

Operating Margin

51.31%

Debt-to-Equity

0.18 Piotroski F-Score

9 Altman Z-Score

3.75 Return on Invested Capital (ROIC)

19.86%

Current Ratio

3.06 Quick Ratio

2.44 Net Debt to EBITDA

-0.19

Interest Coverage

24.21 Gross Profit margin

53.35%

FCF PER SHARE

$3.15

REVENUE PER SHARE

$11.36

Gainseekers Quantitative Analysis

Summary

Barrick Mining Corporation’s valuation presents a fascinating dichotomy. Despite a snapshot price that traded well above its DCF value, the market seems to be pricing in robust future growth, as evidenced by a Forward P/E of 12.53 and a PEG ratio of 0.51, indicating potential undervaluation relative to growth. The Altman Z-score of 4.01 suggests strong financial health, reducing the risk of distress. However, the Graham Number is significantly lower than the current price, hinting at potential overvaluation from a conservative perspective. The earnings yield of 6.40% further underscores a reasonable return expectation for investors.

AI Exposure / Tech Reliance

Operating in the gold industry, Barrick Mining Corporation is somewhat insulated from rapid AI and tech shifts, focusing instead on efficient resource extraction. While AI may enhance operational efficiencies, the core business remains tied to commodity cycles rather than tech innovation. This positions Barrick as a stable, if not tech-centric, player in the basic materials sector.

The Bull Case

For the value-driven investor, Barrick shines with a compelling ROIC of 16.80%, showcasing its ability to generate returns on invested capital efficiently. The Piotroski F-Score of 9 indicates strong financial health and operational efficiency. With an operating margin of 47.45%, the company demonstrates significant pricing power in its sector. Additionally, a low debt-to-equity ratio of 0.18 and a solid FCF yield suggest robust cash flow management, making it an attractive buy for those seeking growth at a reasonable price.

The Bear Case

Despite its strengths, Barrick faces challenges with its valuation multiples. The Price/Book ratio of 2.94 and Price/Sales of 4.59 suggest the stock may be overvalued relative to its book and sales values. Furthermore, trading near its 52-week high, the stock appears technically overextended, raising concerns about potential downside risk. The EV to FCF ratio of 19.02 also indicates that the market might be overestimating its free cash flow generation capabilities.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$55.25

Institutional Ownership %

1-Year Beta

1.07 Insider Buying % (6 Mo)

Distance to 52-Week High

36.04%

Distance to 52-Week Low

49.38%

EARNINGS SURPRISE %

32.43%

50-DAY SMA

$41.45

200-DAY SMA

$40.21

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.