CIBC cuts Barrick Mining stock target to USD 49 from USD 57

Published on 10/19/2026 at 09:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barrick will report third-quarter results on November 9, 2026. Barrick Mining stock trades at EUR 36.55 on October 19, 2026 in trading.

Analyst target and reporting date

CIBC lowered its Barrick target from USD 57.00 to USD 49.00 on October 16, 2026.
Barrick will publish third-quarter 2026 results on November 9, 2026.
Barrick Mining stock trades at EUR 36.55 at 9:21 a.m. CEST at Lang & Schwarz on October 19, 2026.

Barrick Mining, CA06849F1080, Illustration mit AI erstellt.

Barrick Mining (ISIN CA06849F1080) faces a lower analyst target after CIBC cut its view from USD 57.00 to USD 49.00 on October 16, 2026. According to The Globe and Mail, the downgrade to Neutral followed the stock's outperformance and reflected questions about whether Barrick can unlock further value from its North American assets.

CIBC target falls to USD 49

The target cut leaves CIBC's valuation below several published estimates, but the note still points to operational execution and the planned North American asset initial public offering as potential value drivers. The report said Barrick had targeted the end of 2026 for completing that IPO, while proceeds could support buybacks.

Barrick's second-quarter 2026 results provide the operating baseline. MarketBeat reported adjusted earnings per share of USD 0.82 against a USD 0.81 consensus estimate, while revenue reached USD 4.19 billion, up 43.80 percent from the year-earlier quarter. That comparison gives the target cut a clear counterweight: stronger reported operating figures have not prevented a more cautious view of valuation.

What does the target cut mean?

The main issue is execution beyond the next report. CIBC linked its change to Barrick's performance relative to peers and to the need to demonstrate that the North American asset IPO can translate into value for the wider company.

Three dates frame Barrick's next test

The recent chronology is concrete: on September 27, 2026, Barrick reached a labor agreement covering workers at the Loulo-Gounkoto complex after unions had raised 15 demands, according to Reuters; on October 9, 2026, Barrick set November 9, 2026, for its third-quarter results; on October 16, 2026, CIBC cut its target to USD 49.00 from USD 57.00.

November 9 results date

The next two scheduled events fall on November 9, 2026. Barrick will release third-quarter results at 6:00 a.m. ET and hold its webcast and presentation at 11:00 a.m. ET, according to Barrick Mining. The release will test whether the second-quarter revenue and earnings comparison can support a recovery in analyst confidence.

Stock price before the report

Barrick Mining was trading at EUR 36.55 at Lang & Schwarz on October 19, 2026 at 9:21 a.m. CEST. The quote is in the regular Xetra trading phase, giving German investors a live euro reference ahead of the company's November reporting date.

The further course of trading is shown by the continuously updated real-time quote of Barrick Mining stock.