Barrick Mining’s Price Target Rises to $48 After $6B Q4 Revenue Beat
Citi lifted Barrick Mining's price target to $48 from $38 after Q4 results. Barrick posted $6.00 billion revenue, gold output rose 5% to 871,000 ounces, copper production hit 62,000 tons and the quarterly base dividend jumped 40%.
1. Analyst Price Target Revisions
On February 9, Citi analyst Alexander Hacking raised his price target on Barrick Mining to $48 from $38 while keeping a Neutral rating, reflecting confidence in recent operational gains. Earlier on February 6, UBS trimmed its target to $55 from $59 but maintained a Buy rating, highlighting mixed sentiment.
2. Fourth-Quarter 2025 Financial Results
Barrick reported $6.00 billion in Q4 revenue, comfortably exceeding the $5.16 billion consensus estimate. Gold production increased 5% quarter over quarter to 871,000 ounces and copper output reached 62,000 tons, driven by improved mine performance and cost controls.
3. Dividend Increase and 2026 Outlook
Strong cash flow and adjusted EPS in 2025 supported a 40% rise in the quarterly base dividend, the company’s largest increase in years. Management indicated that operational momentum and robust metal prices are expected to sustain production growth into 2026.