CIBC has adjusted its price target for Barrick Mining (B, Financial), increasing it from $22 to $24. The firm's decision follows a recent period of restriction and reflects updates made to the company's model after the release of the first-quarter report. Despite the adjustment, CIBC continues to maintain a Neutral rating on the shares, citing ongoing uncertainty surrounding the Loulo-Gounkoto project.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Barrick Mining Corp (B, Financial) is $24.76 with a high estimate of $31.50 and a low estimate of $21.00. The average target implies an upside of 22.77% from the current price of $20.17. More detailed estimate data can be found on the Barrick Mining Corp (B) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Barrick Mining Corp's (B, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Barrick Mining Corp (B, Financial) in one year is $23.92, suggesting a upside of 18.62% from the current price of $20.165. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Barrick Mining Corp (B) Summary page.
