Barrick Mining Shares Dip 0.57% as Strategic Shifts and Analyst Optimism Clash with 242nd-Ranked $430M Trading Volume

On August 28, 2025, Barrick Mining (B) closed with a 0.57% decline, trading at a volume of $0.43 billion, ranking 242nd in market activity. Analyst activity and strategic developments dominated recent coverage, influencing investor sentiment amid mixed operational updates.

CIBC upgraded Barrick from “Neutral” to “Outperform,” maintaining a $30.01 price target, while Scotiabank raised its target to $26, signaling cautious optimism. The company also announced the sale of its Hemlo gold mine, shifting focus to copper and signaling a strategic pivot in its portfolio. A $500 million deal with Zijin Mining to exit Ivory Coast’s Tongon mine further underscored its capital allocation strategy.

Operational performance showed mixed signals. Q2 production rebounded, supported by higher gold output and stronger cash flows, though all-in sustaining costs rose 12% year-over-year, prompting calls for tighter cost controls. Despite a $1 billion charge linked to Mali operations, Barrick increased its dividend and expanded buybacks, reflecting confidence in long-term cash generation. However, weaker-than-expected Q2 earnings and downward revisions to 2025 EPS forecasts from Cormark and Raymond James weighed on near-term expectations.

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