CIBC Reaffirms Barrick Mining's Outperformer Rating, US$63.00 Price Target, Ahead of Q1 Results
Idag, 17:31
11:31 AM EDT, 04/30/2026 (MT Newswires) -- CIBC Capital Markets on Wednesday maintained its outperformer rating on the shares of Barrick Mining (ABX.TO, B) and its US$63.00 price target ahead of the company's first-quarter results.
CIBC expects Barrick to book adjusted earnings of US$0.82 per share in the first quarter, higher that its previous estimate of US$0.73 per share, following a read-through of Nevada Gold Mines results from Newmont's (NEM) earnings.
NGM looks to have had a strong start to the year, which will likely provide a tailwind into Barrick's first-quarter earnings that will be released May 11, CIBC said.
The recent assassination of Mali's defense minister in Mali and a development pause at the Reko Diq project in Pakistan represent headwinds for Barrick, CIBC said.
Price: 52.95, Change: +0.37, Percent Change: +0.69
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CIBC Reaffirms Barrick Mining's Outperformer Rating, US$63.00 Price Target, Ahead of Q1 Results
Idag, 17:31
11:31 AM EDT, 04/30/2026 (MT Newswires) -- CIBC Capital Markets on Wednesday maintained its outperformer rating on the shares of Barrick Mining (ABX.TO, B) and its US$63.00 price target ahead of the company's first-quarter results.
CIBC expects Barrick to book adjusted earnings of US$0.82 per share in the first quarter, higher that its previous estimate of US$0.73 per share, following a read-through of Nevada Gold Mines results from Newmont's (NEM) earnings.
NGM looks to have had a strong start to the year, which will likely provide a tailwind into Barrick's first-quarter earnings that will be released May 11, CIBC said.
The recent assassination of Mali's defense minister in Mali and a development pause at the Reko Diq project in Pakistan represent headwinds for Barrick, CIBC said.
Price: 52.95, Change: +0.37, Percent Change: +0.69
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