---
title: "Weekly Recap | B.US -6.18%, most brokers rate it buy"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/300846469.md"
description: "Barrick (B.US) fell 6.18% this week to close at $40.23, down from $42.88 the previous Friday. The week started firm with a Monday high of $41.72, held above $41 through Tuesday, then slid over the final three sessions. Friday’s low of $39.725 was the week’s bottom before settling back to $40.23. Average daily volume of roughly 8.4m shares ran 2.8% below the 60-day median, so the pullback came on modest turnover. The close sits below both the 20-day moving average at $42."
datetime: "2026-10-03T06:21:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/300846469.md)
  - [en](https://longbridge.com/en/news/300846469.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/300846469.md)
generator: "portal-rs"
---

# Weekly Recap | B.US -6.18%, most brokers rate it buy

## The Week

Barrick (B.US) fell 6.18% this week to close at $40.23, down from $42.88 the previous Friday. The week started firm with a Monday high of $41.72, held above $41 through Tuesday, then slid over the final three sessions. Friday’s low of $39.725 was the week’s bottom before settling back to $40.23. Average daily volume of roughly 8.4m shares ran 2.8% below the 60-day median, so the pullback came on modest turnover. The close sits below both the 20-day moving average at $42.644 and the 60-day at $41.34.

## Key Events

The week revolved around the Mining Forum Americas and one insider move. On 29 September, Barrick said major gold and copper growth projects are advancing, with a North American gold IPO targeted for 2026 and exploration aimed at sustaining output of at least 3m ounces a year. A day later, the CEO said the North American IPO could slide into January, while the company still targeted a year-end completion and highlighted an emerging Nevada growth plan. On 2 October, the group COO disclosed selling 58% of their shares, the week’s only notable insider reduction.

## Analyst Ratings

Across 24 covering brokers as of 29 September, 11 rate it buy, 8 overweight, 4 hold and 1 underweight, with no sells. The consensus rating is buy, and the consensus target of $51.70438 sits 28.5% above spot. Targets range from $29 to $63, a wide spread that points to split views among analysts. Within the gold sector, Barrick ranks first out of 49 companies.

## The Week Ahead

On the macro side, 5 October brings the S&P Global US services PMI final and ISM non-manufacturing PMI, followed by trade balance data on 6 October and EIA crude inventories on 7 October. On the company side, Barrick reports fiscal Q3 2026 results before the open on 9 November, with estimates at EPS of $0.7476 and revenue of $5.166bn.

## In Short

Broker ratings lean clearly positive, with the consensus target nearly 30% above spot, though the wide target range signals meaningful disagreement. Valuation is not stretched at 10.14x P/E, 2.42x P/B and a 2.35% dividend yield. The latest session shows large-lot money net selling while small and medium orders were net buyers, suggesting retail-led support. The North American IPO timeline and the COO share sale remain near-term overhangs, with the November earnings update the next test of production and cost guidance.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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## Related News & Research

- [Group COO Of Barrick Mining Sold 58% Of Their Shares](https://longbridge.com/en/news/300784190.md)
- [BTO: Major project execution, resource growth, and strong capital returns drive future expansion](https://longbridge.com/en/news/300484949.md)
- [Barrick CEO says North American IPO could slide into next January](https://longbridge.com/en/news/300470383.md)
- [Barrick Mining Says North America Exploration Push Aims To Sustain Production Of At Least 3 Million Ounces A Year - Mining Forum Americas](https://longbridge.com/en/news/300459412.md)
- [ABX: Major gold and copper growth projects advance, with a North American gold IPO targeted for 2026](https://longbridge.com/en/news/300436576.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**