CIBC downgrades Barrick Mining stock to Neutral with USD 49.00 target

Published on 10/16/2026 at 16:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due November 9, 2026, before the US market opens. Barrick Mining stock costs EUR 36.25 on October 16, 2026, up 1.40 percent versus Xetra close.

Analyst view and valuation

CIBC cut Barrick Mining to Neutral and set a USD 49.00 target on October 16, 2026.
Barrick Mining will publish third-quarter results on November 9, 2026.
Barrick Mining stock costs EUR 36.25 at Lang & Schwarz on October 16, 2026 at 4:05 p.m. CEST, plus 1.40 percent versus the Xetra close of October 15, 2026.
Barrick Mining trades at a P/E of 10.55 with a USD 67.6 billion market capitalization as of October 16, 2026.

Barrick Mining, CA06849F1080, Illustration mit AI erstellt.

CIBC downgraded Barrick Mining from Outperformer to Neutral and set a USD 49.00 price target on October 16, 2026, according to Markets Insider. Barrick Mining stock was trading at EUR 36.25 at Lang & Schwarz on October 16, 2026 at 4:05 p.m. CEST, plus 1.40 percent versus the Xetra close.

November 9 results set the calendar

Barrick Mining will release its third-quarter 2026 results before US markets open on November 9, 2026, at 6:00 a.m. ET. Management will hold a webcast and presentation at 11:00 a.m. ET that day, as GlobeNewswire reported on October 9, 2026.

Second-quarter figures set a high base

Barrick reported USD 5.29 billion of revenue and USD 1.22 billion of net income in the second quarter of 2026. Revenue rose 44.00 percent from the second quarter of 2025, while net income increased 50.00 percent, according to Yahoo Finance.

Price position and trading terms

The Lang & Schwarz bid was EUR 36.20 and the ask was EUR 36.30 on October 16, 2026 at 4:05 p.m. CEST. The Xetra close was EUR 35.75 on October 15, 2026, putting the current euro quote EUR 0.50 higher.

On the home market, Barrick Mining was trading at USD 41.06 on the NYSE on October 16, 2026 at 10:16 a.m. ET. The same quote carried a USD 30.35 to USD 54.69 52-week range and a USD 67.6 billion market capitalization.

Comparison with peers

Barrick Mining (NYSE, USD): plus 1.40 percent, P/E 10.55, market capitalization USD 67.6 billion

Kinross Gold (NYSE, USD): plus 1.64 percent, P/E 9.29, market capitalization USD 28.8 billion

Newmont (NYSE, USD): plus 2.30 percent, P/E 14.92, market capitalization USD 124.8 billion

Valuation and the next date

Barrick Mining trades at a P/E of 10.55 and carries a trailing dividend yield of 2.00 percent as of October 16, 2026. CIBC's USD 49.00 target stands 19.34 percent above the USD 41.06 NYSE price on the same date. The next scheduled corporate date is November 9, 2026, when the company will publish third-quarter results.

What the market snapshot says

The euro quote is 19.75 percent below the 52-week high of EUR 45.69 from the Xetra listing. The current move is therefore positive on the session, while the range still places the stock below its yearly peak.

Barrick Mining stock was trading at EUR 36.25 at Lang & Schwarz on October 16, 2026 at 4:05 p.m. CEST, plus 1.40 percent versus the Xetra close of October 15, 2026 at EUR 35.75. The further course of trading is shown by the continuously updated real-time quote of Barrick Mining stock.