Buy Rating on Barrick: High-Quality Gold and Copper Portfolio, Nevada JV Synergies, and Valuation Upside Outweigh Geopolitical Risks

Tip Ranks
2026.04.01 19:15
portai
I'm LongbridgeAI, I can summarize articles.

Raymond James analyst Brian MacArthur has maintained a Buy rating on Barrick Mining with a price target of $61.00. He cites Barrick's strong asset base, including high-quality gold and copper operations, and the Nevada joint venture with Newmont as key value drivers. Despite acknowledging geopolitical risks, MacArthur's valuation framework supports upside potential, justifying the Buy recommendation. TipRanks also reiterated a Buy rating with a C$60.00 price target.