Barrick Mining Corp. (ABX:CA) JP Morgan Initiates with a “Overweight” Rating

Barrick Mining Corp. (ABX:CA) JP Morgan Initiates with a "Overweight" Rating

Barrick Mining Corp. (ABX:CA)

Analyst Update

JPMorgan assigned Barrick Gold with a “Overweight” rating and a 12 month target price of $92.00 per share, reflecting a positive view on the company’s scale, asset quality, and leverage to gold prices.

Analysts highlighted Barrick’s tier-one asset portfolio, including long-life, low-cost operations that provide strong margin resilience across commodity price cycles. The bank also pointed to Barrick’s disciplined capital allocation framework, noting its ability to generate meaningful free cash flow at current gold prices while maintaining balance sheet strength and shareholder returns.

In addition, analysts emphasized Barrick’s operational diversification and geopolitical risk management, which help mitigate single-asset or jurisdictional concentration risks, with gold prices remaining well-supported by central bank demand and macro uncertainty,.  JPMorgan views Barrick as well-positioned to outperform peers, offering investors attractive exposure to gold with comparatively lower operational and financial risk.

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