CIBC cuts target for Barrick Mining stock from USD 57 to USD 49

Published on 10/20/2026 at 11:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barrick Mining stock costs EUR 35.68 on October 20, 2026 before results. Barrick will report on November 9, 2026 at 6:00 a.m. ET and webcast at 11:00 a.m. ET.

Analyst view and mine tenure

CIBC cut its Barrick Mining target on October 16, 2026.
Tanzania renewed North Mara licenses for 15 years on October 5, 2026.
Barrick Mining stock traded at EUR 35.68 at 10:59 a.m. CEST on October 20, 2026.

Barrick Mining, CA06849F1080, Illustration mit AI erstellt.

Barrick Mining (CA06849F1080) was trading at EUR 35.68 at Lang & Schwarz on October 20, 2026 at 10:59 a.m. CEST. The latest analyst action came on October 16, when CIBC analyst Anita Soni cut the target from USD 57.00 to USD 49.00 and downgraded the stock to Neutral, according to Markets Insider.

Three dates shaped the setup

On October 5, 2026, Barrick announced that Tanzania had renewed the North Mara Gold Mine's special mining licenses for another 15 years. The company said the mine supports approximately 3,000 workers in Tanzania, with Tanzanian nationals representing 96 percent of the workforce and 47 percent drawn from nearby communities, according to Barrick Mining.

On October 9, Barrick scheduled its third-quarter 2026 results for November 9, 2026. The release is set for 6:00 a.m. ET, followed by a management webcast at 11:00 a.m. ET, according to GlobeNewswire. The October 16 CIBC downgrade then put valuation beside the company's operating milestones.

What comes next for Barrick?

The November 9 release is the next numerical test for the mining group. Barrick's second-quarter revenue was USD 5.29 billion and consolidated net income was USD 1.89 billion for the quarter ended June 30, 2026. Its operating cash flow reached USD 1.70 billion in that period. These figures frame the question behind CIBC's target cut: whether operating performance can support the valuation while Barrick advances its North American asset plans.

Results arrive November 9

The next scheduled date is November 9, 2026, for the third-quarter results release at 6:00 a.m. ET. The investor webcast and presentation follow at 11:00 a.m. ET on the same date.

Stock trades ahead of results

Barrick shares are listed on the New York Stock Exchange under the symbol B and on the Toronto Stock Exchange under ABX, according to the company release. The current euro quotation gives German investors a dated view before the next reporting event, while the CIBC action provides a clear counterpoint to the company's mine-life milestones. The further course of trading is shown by the continuously updated real-time quote of Barrick Mining stock.