Key Stats for Barrick Stock
- Past-Week Performance: -10%
- 52-Week Range: $17 to $55
- Valuation Model Target Price: $61
- Implied Upside: 27% over 1.9 years
What Happened to ABX Stock?
Barrick Mining (ABX) shares fell 10% over the past week through February 4, trading with sharp swings as rebounds in early February failed to offset late-January weakness.
Specifically, Reuters coverage on January 30 highlighted gold falling below $5,000/oz after reversing from a late-January peak near $5,600/oz.
Explicitly, the materials provided contained no Barrick management updates on production, costs, guidance, or capital allocation during this window, leaving previously communicated operating expectations unchanged.
However, the market appeared to focus on bullion’s reversal from the late-January $5,594/oz peak and miners’ high beta to spot prices.
Moreover, Reuters noted Scotiabank raised Barrick’s price target to $63 from $43 on January 26, tied to a higher 2026 gold forecast.
Additionally, Reuters reporting on January 23 highlighted Barrick’s North America spin-off plans and Newmont’s consent and first-refusal rights around Nevada Gold Mines.
Separately, Barrick announced a finance leadership transition on January 19, appointing board member Helen Cai as Chief Financial Officer effective March 1, following the filing of year-end results.
The appointment was framed as a continuity measure, with no indication of changes to financial policy, capital discipline, or strategic priorities during the transition period.
Last week’s trading reflected gold-price volatility and ongoing restructuring context rather than revised operating expectations, with Barrick’s disclosed strategy, financial framework, and guidance remaining intact.
Is Barrick Stock Fairly Valued Right Now?
Under the valuation model shown, the stock is modeled using:
- Revenue Growth: 20.9%
- Operating Margins: 58.2%
- Exit P/E Multiple: 12.1x
Barrick Mining stock appears undervalued, conditional on gold prices stabilizing after the late-January reversal through February 4 and Barrick maintaining unchanged operating assumptions following disclosures during that period.
Specifically, the model assumes 20.9% revenue growth, 58.2% operating margins, and a 12.1x exit P/E multiple.
Accordingly, the model estimates a $60.60 target price, implying 27.4% total upside and a 13.6% annualized return.
Moreover, execution depends on sustaining scale-driven revenue growth and maintaining elevated margins supported by pricing and operating leverage.
Barrick stock’s valuation remains execution-dependent, as gold price behavior, operational execution, and financial leadership continuity will shape returns following late-January market volatility.
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