Barrick Mining (B, Financial) has initiated the arbitration process at the International Centre for Settlement of Investment Disputes regarding its operations in Mali. This move follows the constitution of an arbitration tribunal, where Barrick has requested provisional measures to protect its rights under the Mining Conventions with Mali. The urgency of this arbitration has heightened due to a recent decision by the Bamako Commercial Tribunal. This tribunal has temporarily placed the Loulo-Gounkoto complex under an external administrator at the Malian government's behest. Despite Barrick's subsidiaries retaining legal ownership, operational control has shifted away from them.
The Malian government's actions include blocking gold exports and confiscating gold stocks from Barrick's subsidiaries, which the company contests as unjustified. These actions led to a temporary suspension of operations. Barrick has been attempting to resolve matters amicably but remains firm on not accepting terms that could jeopardize the operations' legal standing or future viability. The detention of Barrick employees, used as leverage in these negotiations, remains a grave concern for the company, calling into question the Government's trustworthiness and transparency in this partnership. No substantial justification has been offered for these detentions, leaving Barrick seeking clarification and resolution.
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 15.12% from the current price of $21.51. 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 11.23% from the current price of $21.505. 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.
