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Wall Street’s still got a soft spot for Barrick
Barrick Mining didn’t stumble into a blockbuster mine discovery or strike a surprise deal. Instead, it got something less flashy but still market-moving: another round of analyst love. MarketBeat says the stock now carries a consensus “Moderate Buy” rating, built on coverage from 21 analysts.
The vibe: mostly bullish, with a few side-eyes
Here’s the quick mix: 16 buy ratings, 1 strong buy, and 4 holds. The average 12-month target sits at $54.83, which is the kind of number that makes value investors perk up and gold bugs start doing napkin math.
Why investors care
This isn’t a new hole in the ground or a fresh ounce of production — it’s sentiment. Analyst targets can help steer momentum, especially in a name like Barrick where the market is always weighing gold prices, costs, and mine execution like a very expensive balancing act.
A few firms have already been tweaking their views:
- UBS cut its target to $50 but kept a buy rating
- CIBC reiterated outperform with a $71 target
- JPMorgan started coverage at overweight with a $68 target
- Wall Street Zen upgraded the stock to strong-buy
Big picture
Barrick isn’t getting a moon-shot narrative here. It’s getting the more useful kind of attention: steady, positive analyst coverage that can keep investors interested while the company goes back to doing the unglamorous mining-company stuff. Sometimes that’s exactly what the market wants.