AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
CIBC Boosts Barrick Mining Price Target to $28, Keeps Neutral Rating
ByAinvest
Wednesday, Jul 16, 2025 2:35 pm ET1min read
CIBC raised Barrick Mining's price target to $28 from $24 and maintained a Neutral rating. The upgrade reflects the company's strong operational performance and positive outlook for gold prices.
CIBC has raised its price target for Barrick Mining (NYSE:B) to $28 from $24, while maintaining a Neutral rating. The upgrade reflects the company's strong operational performance and the positive outlook for gold prices [1].The Canadian Imperial Bank of Commerce (CIBC) analysts cited Barrick Mining's robust financial results and the favorable market conditions for gold as the primary drivers behind the revised target. The company reported earnings per share of $0.35 for the quarter, surpassing analyst estimates by $0.06. This performance, coupled with a 13.9% year-over-year increase in revenue, underscores Barrick Mining's operational efficiency and growth potential.
CIBC's decision to raise the price target comes amidst a generally bullish sentiment among analysts. Stifel Canada, Wall Street Zen, and Royal Bank of Canada have all upgraded Barrick Mining to a Strong-Buy rating, while Citigroup has reduced its target price to $17.00 with a Neutral rating. Despite these varying opinions, the consensus target price stands at $24.41, reflecting a Moderate Buy rating [1].
Barrick Mining's strong financial performance and the positive outlook for gold prices have also drawn the attention of institutional investors. Several hedge funds and investment management firms have recently increased their stakes in the company, indicating confidence in its future prospects [1].
The company's operational efficiency and growth potential are further highlighted by its financial metrics. Barrick Mining has a current ratio of 2.87, a quick ratio of 2.16, and a debt-to-equity ratio of 0.14, indicating a strong financial position. Additionally, the company's market capitalization stands at $36.10 billion, with a P/E ratio of 15.82 and a price-to-earnings-growth ratio of 0.34 [1].
In conclusion, CIBC's decision to raise the price target for Barrick Mining reflects the company's strong operational performance and the positive outlook for gold prices. While the Neutral rating suggests a cautious approach, the upgrade highlights the potential for growth and the company's robust financial position.
References:
[1] https://www.marketbeat.com/instant-alerts/barrick-mining-nyseb-price-target-raised-to-2800-at-cibc-2025-07-15/
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet