Barrick Mining Corp ABX

Morningstar Rating
CA$48.92 −0.02 (0.04%)
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Company Report

We Lower Barrick's Fair Value Estimate on Reduced Assumed Near-Term Gold Prices

Barrick is the one of the world’s largest gold miners by production, operating mines in the Americas, Africa, the Middle East, and Asia. Its large portfolio is a result of the 2019 acquisition of Randgold and the combination of its crown jewel Nevada assets with Newmont in a joint venture called Nevada Gold Mines that same year. Barrick is the operator and owner of 61.5% of the partnership.

Price vs Fair Value

ABX is trading at a LOCK|kWJWkW> premium.
Price
CA$48.92
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Barrick's portfolio of mines helps diversify mine-specific and geopolitical risk that all gold miners face.

Bears

Around half of Barrick’s gold production is in locales marked by higher sovereign risk.

Trading Information

Previous Close Price
CA$48.94
Day Range
CA$47.7049.34
52-Week Range
CA$28.3870.08
Bid/Ask
CA$48.49 / CA$49.25
Shares Outstanding
1.68B
Market Cap
CA$81.97B
Volume/Avg
2M / 5M

Key Statistics

Price/Earnings (Normalized)
11.53
Price/Sales
3.15
Dividend Yield (Trailing)
2.59%
Dividend Yield (Forward)
2.00%
Total Yield
4.88%

Company Profile

Based in Toronto, Barrick is one of the world's largest gold miners. In 2025, the firm sold about 3.3 million attributable ounces of gold and about 220,000 metric tons of copper. At end-2025, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure, driven by the expansion of its Lumwana mine in Zambia and the development of its Reko Diq copper and gold project in Pakistan. It intends to undertake an IPO of its joint venture stakes in Nevada Gold Mines and Pueblo Viejo along with its Fourmile deposit later in 2026.
Sector
Basic Materials
Industry
Gold
Stock Style Box
Large Value
Total Number of Employees
27,000

Competitors

Valuation

Metric
ABX
NEM
AEM
Price/Earnings (Normalized)
11.5310.4813.43
Price/Book Value
2.152.762.62
Price/Sales
3.153.945.09
Price/Cash Flow
6.487.979.79
Price/Earnings
ABX
NEM
AEM

Financial Strength

Metric
ABX
NEM
AEM
Quick Ratio
2.271.892.03
Current Ratio
3.062.443.15
Interest Coverage
24.7870.83299.13
Quick Ratio
ABX
NEM
AEM

Profitability

Metric
ABX
NEM
AEM
Return on Assets (Normalized)
14.70%16.75%15.54%
Return on Equity (Normalized)
28.39%28.38%21.71%
Return on Invested Capital (Normalized)
19.24%23.52%20.84%
Return on Assets
ABX
NEM
AEM

Gold Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Zijin Mining Group Co Ltd ADR
ZIJMY
LOCK|bTgN$109B
Zijin Mining Group Co Ltd Class H
ZIJMF
LOCK|@!bs?$109B
Newmont Corp Chess Depository Interest
NEMCL
LOCK|vS$96B
Newmont Corp
NEM
LOCK|%<Q!?#@LOCK|>>P$96B
Agnico Eagle Mines Ltd
AEM
LOCK|&yN>lWLOCK|<V$68B
Barrick Mining Corp
B
LOCK|hH%KGXLOCK|xl$58B
Wheaton Precious Metals Corp
WPM
LOCK|gmhM?&LOCK|d&xS^$47B
Anglogold Ashanti PLC
AU
LOCK|t>$39B
Franco-Nevada Corp
FNV
LOCK|^$$39B
Kinross Gold Corp
KGC
LOCK|?#y@TYLOCK|@W$27B

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