--- title: "Barrick Mining (TSX:ABX) After Earnings Growth And Newmont Deal Still Looks Slightly Undervalued" type: "News" locale: "en" url: "https://longbridge.com/en/news/296529222.md" description: "Barrick Mining reported higher H1 2026 sales and net income, alongside an expanded Nevada Gold Mines joint venture with Newmont. These developments shifted sentiment, driving a 27.08% one-month share price return. Despite this momentum, the stock remains slightly undervalued, trading near analyst targets with implied upside. The narrative highlights production expansion at Lumwana and Fourmile as key growth drivers, while noting risks from political instability in Africa and rising ESG costs." datetime: "2026-08-20T19:33:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296529222.md) - [en](https://longbridge.com/en/news/296529222.md) - [zh-HK](https://longbridge.com/zh-HK/news/296529222.md) generator: "portal-rs" --- # Barrick Mining (TSX:ABX) After Earnings Growth And Newmont Deal Still Looks Slightly Undervalued Barrick Mining (TSX:ABX) has drawn fresh investor attention after reporting higher year over year second quarter and first half 2026 sales and net income, alongside a new agreement expanding its Nevada Gold Mines joint venture with Newmont. See our latest analysis for Barrick Mining. The recent earnings beat, confirmation of 2026 production guidance and the expanded Nevada Gold Mines agreement appear to have shifted sentiment toward Barrick Mining, reflected in a 27.08% 1 month share price return and a very large 5 year total shareholder return that far outpaces the shorter term moves. If Barrick Mining’s recent momentum has you thinking about other opportunities in precious metals, this is a good moment to review 30 elite gold producer stocks. After a 27.08% 1 month move and only a modest 3.5% gap to the average analyst target, Barrick Mining trades well inside the range of fair value estimates. Is the remaining 13.6% implied upside still meaningful? ## Most Popular Narrative: 5.1% Undervalued Compared to the last close at CA$62.36, the most followed narrative puts Barrick Mining’s fair value at CA$65.74, supported by detailed long term forecasts and cash flow work. > *Significant ongoing expansion of both gold and copper production capacity, particularly at Lumwana and via organic growth at Fourmile and Reko Diq, positions Barrick to capture elevated long-term demand for gold (as a financial hedge during geopolitical uncertainty/inflation) and copper (driven by electrification and infrastructure investment), supporting top-line revenue growth over the coming decade.* *Read the complete narrative.* Read the complete narrative. Want to see what underpins that fair value for Barrick Mining? The narrative leans on detailed revenue, earnings and margin paths plus a specific discount rate and future earnings multiple. **Result: Fair Value of CA$65.74 (UNDERVALUED)** Have a read of the narrative in full and understand what's behind the forecasts. However, the Barrick Mining narrative could be knocked off course if political instability around key African assets worsens, or if ESG and permitting demands lift long term costs. Find out about the key risks to this Barrick Mining narrative. ## Next Steps Given the mix of optimism and caution around Barrick Mining, this is a good time to review the data yourself and decide where you stand. To see both sides clearly, take a closer look at the 4 key rewards and 2 important warning signs. ## Looking for more investment ideas beyond Barrick Mining? If Barrick Mining has sharpened your interest in new opportunities, do not stop here. Use these focused stock lists to quickly find ideas that match your style. - Target resilient compounding potential by reviewing companies on the 13 high quality undervalued stocks that combine quality fundamentals with prices below their estimated worth. - Identify income-focused opportunities by scanning the 4 dividend fortresses that highlights stocks offering higher yields with an emphasis on durability. - Strengthen your watchlist with financially robust candidates by checking the solid balance sheet and fundamentals stocks screener (12 results) that emphasizes strong balance sheets and consistent fundamentals. *This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.* ### Valuation is complex, but we're here to simplify it. Discover if Barrick Mining might be undervalued or overvalued with our detailed analysis, featuring **fair value estimates, potential risks, dividends, insider trades, and its financial condition.** Access Free Analysis ### Related Stocks - [NEM.US](https://longbridge.com/en/quote/NEM.US.md) - [GOLD.US](https://longbridge.com/en/quote/GOLD.US.md) - [NWMX.US](https://longbridge.com/en/quote/NWMX.US.md) - [B.US](https://longbridge.com/en/quote/B.US.md) ## Related News & Research - [Barrick Mining (B) Stock May Still Trade Below Fair Value After A 185% Run](https://longbridge.com/en/news/296377741.md) - [NEM: Q2 2026 delivered record free cash flow, robust shareholder returns, and top-tier ESG performance](https://longbridge.com/en/news/296149198.md) - [Greenland Mines Ltd trading halted, news pending](https://longbridge.com/en/news/296671630.md) - [Abacus FCF Advisors LLC Makes New Investment in Newmont Corporation $NEM](https://longbridge.com/en/news/296448682.md) - [111,667 Shares in Newmont Corporation $NEM Acquired by Private Advisory Group LLC](https://longbridge.com/en/news/296021990.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**