Barrick Mining stock fell 2.79 percent on October 7

Published on 10/07/2026 at 16:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Zacks assigns Barrick Mining a Rank #3 Hold on September 30, 2026, while 2026 earnings estimates imply 43.8 percent growth. Q2 gold output was 796,000 ounces.

Barrick Mining, CA06849F1080, Illustration mit AI erstellt.

Barrick Mining stock was trading at USD 39.59 on the NYSE on October 7, 2026, down 2.79 percent from the previous close. The move puts the shares 27.61 percent below the 52-week high of USD 54.69, while Barrick's market capitalization stood at USD 66.3 billion.

Valuation meets a Hold rank

Zacks assigned Barrick Mining a Rank #3 Hold in an article dated September 30, 2026. Its consensus estimate implies a 43.8 percent year-over-year increase in Barrick's 2026 earnings, followed by 15.2 percent growth in 2027.

The broader broker view is less cautious. According to MarketBeat on October 6, 2026, 21 brokerages gave the stock a Moderate Buy consensus, including 16 Buy ratings, four Holds and one Strong Buy. The average 12-month price target was USD 52.90.

Q2 production beat guidance

Barrick produced 796,000 ounces of gold in Q2 2026, 3 percent above guidance and 11 percent above Q1 production, according to the Yahoo Finance transcript of the August 10, 2026 earnings call. Adjusted EPS was USD 0.82, adjusted EBITDA reached USD 2.5 billion and the adjusted EBITDA margin was 59 percent.

The same Q2 transcript showed net earnings of USD 1.2 billion, up 50 percent year over year, while attributable free cash flow fell 33 percent because of a one-time USD 200 million payment related to Loulo-Gounkoto. Barrick also reduced its 2026 attributable capital expenditure guidance to USD 3.8 billion-USD 4.2 billion.

North Mara adds operating certainty

According to Yahoo Finance on October 6, 2026, Tanzania renewed the Special Mining Licenses for Barrick's North Mara Gold Mine for another 15 years. The renewal supports continued investment, while gold-price sensitivity and execution across multiple growth projects remain central valuation factors.

Barrick Mining stock stays below its yearly high

Barrick Mining stock was last at USD 39.59 on the NYSE on October 7, 2026, with 2,004,923 shares traded. The 52-week range was USD 30.35 to USD 54.69, giving investors a market-level measure of the current pullback.