Barrick Stock Falls 17% This Year Despite Gold Rally, Leaving 50% Upside to Wall Street Target

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Summary · why it matters

Barrick has dropped 17% this year while gold soars, leaving a 50% gap between its $36 price and Wall Street's $56 target. Leadership changes, a $200 million Mali dispute payment, and Pakistan security setbacks weigh on the stock despite record Q1 free cash flow of $1.2 billion. CEO Mark Hill's planned North American spinout, a $3 billion buyback, and a forward P/E of 9 form the bull case for patient investors.

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Barrick Mining Corporation

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Wall Street target implies 50% upside, record FCF, $3B buyback, low P/E

Barrick Stock Falls 17% This Year Despite Gold Rally, Leaving 50% Upside to Wall Street Target

Impact on stocks 1

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