CIBC Boosts Barrick Mining Price Target to $28, Keeps Neutral Rating
ByAinvest
Wednesday, Jul 16, 2025 2:35 pm ET1min read
B--
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/
C--
CM--
RY--
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/
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet