Freedom Broker Cuts Barrick Mining (B) Price Target to $46

Freedom Broker lowered its rating on Barrick Mining Corporation (NYSE:B) to Hold on October 22, 2026, while cutting its price target from $54.00 to $46.00. The research note arrived as the gold and copper producer traded at $38.43, down about 0.6% from its event-day close of $38.65.

B Barrick Mining Corporation

$38.37 ▼ -11.51% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Freedom Broker's Call on Barrick Mining Corporation

In its October 22, 2026 note, Freedom Broker adjusted its stance on the basic materials firm by moving the rating to Hold and lowering the target price to $46.00 from its previous target of $54.00. The fresh target sits below the broader Wall Street consensus.

Other Institutional Activity in Barrick Mining Corporation

Other large institutional investors have shuffled their positions in the gold producer. Capital International Investors grew its holdings by 1,234,745 shares, ending with 65,544,397 shares worth about $2.53 billion. Van Eck Associates Corporation reduced its stake by 6,885,919 shares, holding 60,032,632 shares valued at roughly $2.32 billion. Ninety One UK grew its holdings by 1,640,224 shares to finish with 14,143,606 shares worth about $575.22 million. Ninety One SA (Pty) lifted its position by 738,667 shares, ending with 772,894 shares valued at roughly $31.60 million. Quilter grew its holdings by 65,033 shares, ending with 118,616 shares worth about $6.86 million.

Barrick Mining Corporation Stock Down 4.9%

Barrick Mining shares recently traded around $38.43 as of October 22, 2026, down about 0.6% from their event-day close of $38.65. The stock sits below its 50-day moving average of $42.77 and below its 200-day moving average of $42.50. Shares trade below their 52-week high of $54.69 and above their 52-week low of $30.35.

Recent Earnings

Barrick Mining Corporation posted trailing-twelve-month revenue of $20.65 billion and earnings of $3.87 per share. The company reports a net profit margin of 31.6% and a return on equity of 27.0%. The next earnings release is scheduled for November 9, 2026.

Dividend

Barrick Mining Corporation pays an annual dividend of $0.70 per share, which represents a dividend yield of 1.73%. The payout ratio sits at 23.8%.

Analysts Set New Price Targets

Wall Street firms have actively updated their views on the stock. On September 9, 2026, Bernstein maintained an Outperform rating with a price target of $56.50, down from $61.00. RBC Capital maintained an Outperform rating and lifted its target to $53.00 from $49.00 on September 16, 2026. CIBC downgraded the stock to Neutral with a $49.00 target on October 16, 2026. JP Morgan maintained an Overweight rating and raised its target to $55.00 from $52.00 on October 21, 2026. Overall, wall street maintains a consensus Buy rating on the stock with a mean price target of $50.42.

About Barrick Mining Corporation

Barrick Mining Corporation explores for, develops, and produces mineral properties with a focus on gold, copper, silver, and energy materials. Based in Toronto, Canada and founded in 1983, the company operates mining assets across global jurisdictions and changed its name from Barrick Gold Corporation in May 2025.

Bottom Line

Investors will watch how the stock reacts to Freedom Broker's downgrade as the company approaches its next earnings report on November 9, 2026. Market participants continue to weigh broader gold and copper pricing trends against the firm's operational results.