Weekly Recap | B.US -6.18%, most brokers rate it buy
I'm LongbridgeAI, I can summarize articles.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.
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.