Barrick Mining Corporation received a price target increase from Citi analyst Alexander Hacking on February 9, 2026, raising the target to $48 from $38 while maintaining a Neutral rating. The adjustment reflects the company’s recent quarterly performance and updated operational guidance, positioning Barrick among the top mining stocks according to Wall Street analysts. The revision came shortly after the company reported stronger-than-expected fourth-quarter results.
However, analyst sentiment remains mixed as UBS lowered its price target on Barrick Mining Corporation to $55 from $59 on February 6, 2026, though the firm retained its Buy rating. Both price target updates followed the company’s earnings release, which demonstrated solid operational and financial performance during the final quarter of 2025.
Strong Quarterly Performance Drives Analyst Reassessment
According to management, Barrick Mining Corporation posted fourth-quarter revenue of $6.00 billion on February 5, 2026, significantly exceeding the consensus estimate of $5.16 billion. Gold production rose 5% quarter over quarter to reach 871,000 ounces, while copper production totaled 62,000 tons during the period. The results demonstrated the company’s ability to capitalize on favorable commodity market conditions and operational efficiencies.
Additionally, the company delivered record cash flow and adjusted earnings per share for 2025, according to the report. Management highlighted that these strong financial results enabled a 40% increase in the quarterly base dividend, rewarding shareholders while maintaining investment in future growth. The dividend increase signals confidence in sustained operational performance and cash generation capabilities.
Operational Momentum Expected to Continue
Management indicated that operational momentum is expected to carry into 2026, supporting the positive outlook reflected in analyst price target adjustments. The company’s production increases across both gold and copper segments suggest successful execution of its operational strategy. Meanwhile, Barrick’s diversified portfolio of mineral assets provides exposure to multiple commodity markets.
Barrick Mining Corporation engages in the exploration, development, production, and sale of mineral properties, with primary focus on gold, copper, silver, and energy materials. The company, formerly known as Barrick Gold Corporation, changed its name in May 2025 and has been operating since its founding in 1983. Headquartered in Toronto, Canada, Barrick maintains mining operations across multiple international jurisdictions.
Mining Stocks Attract Wall Street Attention
The divergent price targets from major financial institutions reflect different views on Barrick Mining Corporation’s valuation despite general agreement on the company’s operational strength. Citi’s more conservative $48 target contrasts with UBS’s $55 target, though the latter represents a reduction from the previous $59 level. These revisions occur as precious metals and base metals markets navigate uncertain macroeconomic conditions.
In contrast to some analyst caution, the company’s concrete financial achievements provide tangible support for investment consideration. The substantial revenue beat and production growth demonstrate execution capability that extends beyond market speculation. Furthermore, the dividend increase provides income-oriented investors with additional incentive alongside potential capital appreciation.
The company’s rebranding from Barrick Gold Corporation to Barrick Mining Corporation in May 2025 reflects a strategic emphasis on its diversified mineral portfolio beyond gold alone. This positioning may appeal to investors seeking exposure to multiple commodity markets through a single equity investment. The copper production component becomes increasingly relevant as global electrification trends drive demand forecasts higher.
Analysts will likely continue monitoring Barrick Mining Corporation’s operational performance throughout 2026 to assess whether management’s optimistic outlook materializes. Key factors include gold and copper price trends, production volumes at major mining sites, and the company’s ability to maintain cost discipline while expanding output. Further price target adjustments may follow quarterly earnings releases as analysts refine their models based on actual results.
