TD sets USD 59 target for Barrick Mining stock

Published on 10/06/2026 at 04:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barrick produced 796,000 ounces in second quarter 2026, 3.00 percent above guidance. For Barrick Mining stock, 2026 gold guidance is 2.90-3.25 million ounces.

GOLD, CA0679011084, Illustration mit AI erstellt.

Barrick Mining stock has a USD 59.00 target from TD dated September 16, 2026, as MarketBeat reports. The target came with a Buy rating and places the analyst view above the company's latest operating data.

Second-quarter output beat guidance

In the second quarter of 2026, Barrick produced 796,000 ounces of gold, 3.00 percent above guidance and 11.00 percent above the first quarter, according to the Yahoo Finance transcript dated August 10, 2026. Copper production reached 56,000 tonnes in the same period.

The financial result was also substantial. Barrick reported net earnings of USD 1.20 billion in the second quarter of 2026, up 50.00 percent year over year, while adjusted net earnings reached USD 1.36 billion and adjusted earnings per share stood at USD 0.82, in line with Bloomberg consensus, the transcript states.

Guidance keeps the comparison concrete

Barrick kept its 2026 production and cost guidance unchanged in the second-quarter discussion. Gold production is guided at 2.90 million to 3.25 million ounces, while the company expects gold output to increase in the third and fourth quarters relative to the second quarter, according to Yahoo Finance.

Capital allocation adds another measurable element. Barrick said quarterly shareholder returns reached USD 1.50 billion, while share repurchases totaled USD 1.20 billion in the second quarter of 2026. The company also described a quarterly base dividend of USD 0.175 per share and said its North American gold business remained on track for an initial public offering by the end of 2026.

Next report is November 9

Barrick Mining's next reported earnings date is November 9, 2026, according to Stock Analysis. Barrick's investor-relations page identifies the company's common shares under GOLD on the New York Stock Exchange and ABX on the Toronto Stock Exchange.