---
title: "Analyst Maintains Hold on Barrick as Strong Q1 and Buybacks Offset Project Risks; C$65 Price Target Reaffirmed"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286116788.md"
description: "BMO Capital analyst Matt Murphy has maintained a Hold rating on Barrick Mining with a price target of C$65. The decision is based on Barrick's strong Q1 performance and a new share repurchase program, despite ongoing project risks. Murphy highlights solid execution and balanced risk/return profile, while noting challenges with capital-intensive projects and integration issues with Newmont. Barrick's stock has risen 28.34% over the past six months, from C$50.18 to C$64.40."
datetime: "2026-05-12T14:05:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286116788.md)
  - [en](https://longbridge.com/en/news/286116788.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286116788.md)
---

# Analyst Maintains Hold on Barrick as Strong Q1 and Buybacks Offset Project Risks; C$65 Price Target Reaffirmed

BMO Capital analyst Matt Murphy maintained a Hold rating on Barrick Mining yesterday and set a price target of C$65.00.

### Claim 55% Off TipRanks

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

Matt Murphy has given his Hold rating due to a combination of factors, including Barrick’s solid early-year execution and a still-balanced risk/return profile. The company posted a surprisingly robust first quarter and is on track for stronger output as key assets like Loulo ramp up and Kibali improves, while a newly introduced share repurchase program enhances an already attractive capital return framework.

At the same time, Murphy notes that ongoing capital-intensive projects, elevated spending at Reko Diq during its review period, and unresolved questions around the Fourmile integration with Newmont temper the upside. His unchanged C$65 target price, anchored in valuation multiples on net asset value and cash flow, reflects an expectation that Barrick will broadly track sector performance over the next year rather than outperform it meaningfully.

B’s price has also changed moderately for the past six months – from C$50.180 to C$64.400, which is a 28.34% increase.

### Related Stocks

- [B.US](https://longbridge.com/en/quote/B.US.md)
- [NEM.US](https://longbridge.com/en/quote/NEM.US.md)
- [KGC.US](https://longbridge.com/en/quote/KGC.US.md)
- [AEM.US](https://longbridge.com/en/quote/AEM.US.md)
- [NUGT.US](https://longbridge.com/en/quote/NUGT.US.md)
- [XME.US](https://longbridge.com/en/quote/XME.US.md)
- [GDMN.US](https://longbridge.com/en/quote/GDMN.US.md)
- [IAU.US](https://longbridge.com/en/quote/IAU.US.md)
- [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md)
- [GDX.US](https://longbridge.com/en/quote/GDX.US.md)
- [NWMX.US](https://longbridge.com/en/quote/NWMX.US.md)
- [BMO.US](https://longbridge.com/en/quote/BMO.US.md)

## Related News & Research

- [Barrick Gold: A Safe Haven with a Shining Yield](https://longbridge.com/en/news/286604536.md)
- [Agnico Eagle Greenlights $2.4 Billion Hope Bay Mine With 400,000-Ounce Annual Gold Output Target](https://longbridge.com/en/news/286959549.md)
- [Research Alert: CFRA Reiterates Buy Opinion On Shares Of Franco-nevada Corporation](https://longbridge.com/en/news/286596037.md)
- [Fury Gold Mines Posts Higher Q1 2026 Assets Amid Increased Exploration Spend](https://longbridge.com/en/news/286458713.md)
- [Canada's Orezone Q1 revenue more than doubles](https://longbridge.com/en/news/286309627.md)