Should I Buy B? B 2026 Analysis

Should You Buy Barrick Mining Corp (B) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Buy

Latest Price

45.160

1 Day change

2.71%

52 Week Range

54.690

Analysis Updated At

2026/02/04

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Buy now (tactical rebound setup): Price is sitting near key support after a sharp gold-led selloff, while options positioning and Wall Street targets skew bullish.
Near-term catalyst is close: QDEC 2025 earnings (2026-02-05 pre-market) can act as a reset point for sentiment.
Trade thesis: Not a clean uptrend technically yet, but the current level offers an attractive entry for an impatient buyer aiming for a bounce back toward the pivot/resistance zone.

Technical Analysis

Trend/Momentum: MACD histogram is negative (-0.662) and still deteriorating, signaling bearish momentum hasn’t fully reversed.
RSI: RSI(6) at ~40 = weak/neutral-to-oversold area; suggests selling pressure has been heavy and a bounce is plausible, but not confirmed.
Moving averages: Converging MAs = transition phase; the chart is not strongly trending, increasing the odds of mean reversion.
Key levels:
- Support: S1 46.20 (near recent panic low region), then S2 43.94.
- Resistance/Pivot: Pivot 49.86 (first major reclaim level), then R1 53.51.
Price context: Pre-market 48.81 (+2.69%) = bouncing off the selloff, but still below pivot 49.86, so the reversal is early-stage.
Pattern-based stats: Similar-pattern model indicates 80% probability of gains: +3.27% next day, +6.39% next week (supports a rebound bias).

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Positioning skew: Put/Call ratios (OI 0.6, Volume 0.34) suggest bullish-to-risk-on sentiment (more call activity than puts).
Volatility: IV30 46.46 vs HV 51.86; IV is elevated but not extreme vs realized.
IV regime: IV Percentile 88.76 / IV Rank 77.14 = options are expensive vs recent history, consistent with event/catalyst pricing.
Liquidity/participation: Today’s volume 30,278 is below the 5–10d averages (57k–64k) and about 71% of 30-day avg, while open interest is large (calls 955,541, puts 573,772)—positioning is substantial even if today’s tape is quieter.
Read-through: Options market leans bullish, but elevated IV implies the market is pricing a meaningful move (earnings + gold).

Technical Summary

Sell

Buy

Positive Catalysts

- JPMorgan initiation (Overweight, PT $68) highlights sector tailwinds (central bank buying, policy uncertainty) and argues Barrick’s peer discount is overdone.

Neutral/Negative Catalysts

- Gold price sensitivity: Recent narrative shows a direct hit—shares fell sharply as gold corrected; another leg down in gold would likely pressure the stock again.
- Technical momentum still bearish: MACD is negative and worsening, meaning the chart is not yet back in a confirmed uptrend.
- Overhang themes in coverage: Mentioned concerns around management transition and jurisdictional risk contribute to valuation discount.
- Earnings risk nearby: With elevated IV, expectations for a move are priced in; a weak report or cautious guidance could stall the rebound.
- No supportive flow signal: Hedge funds and insiders are reported as neutral (no strong accumulation signal).

Financial Performance

Latest quarter provided: 2025/Q3
Revenue: $4.148B, +23.16% YoY (strong top-line growth).
Net income: $1.302B, +169.57% YoY (major profitability expansion).
EPS: $0.76, +171.43% YoY (strong earnings acceleration).
Gross margin: 54.44%, +39.23% YoY (material margin improvement; supports the bull case if sustained).

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Trend: Clear upswing in sentiment since Nov 2025, accelerating in late Jan 2026 with multiple target increases.
Key recent actions:
- 2026-01-30: UBS raised PT to $59 (from $47), Buy.
- 2026-01-29: JPMorgan initiated Overweight, PT $68.
- 2026-01-26: Scotiabank raised PT to $63, Outperform.
- 2026-01-23: Canaccord raised PT to C$80, Buy.
- 2025-11-24: BofA upgraded to Buy, PT $48.
Wall Street pros: leverage to gold, strong reserve base, organic growth pipeline, potential recovery from perceived valuation discount.
Wall Street cons: valuation discount tied to execution/management and jurisdictional exposure; stock remains highly driven by gold swings.

Intellectia Proprietary Trading Signals

AI Stock Picker: no signal on given stock today.
SwingMax: No signal on given stock recently.

Politicians / Influential figures

No recent congress trading data available (last 90 days).

B Should I Buy