CIBC Raises Barrick Mining (B) PT to $71 Following Gold Forecast Revision

3 weeks ago 21

Maham Fatima

Fri, February 6, 2026 astatine 9:36 AM CST 1 min read

Barrick Mining Corporation (NYSE:B) is 1 of the most undervalued Canadian stocks to bargain according to hedge funds. On February 4, CIBC raised its terms people for Barrick Mining to $71 from $50, portion keeping an Outperformer rating. As with its different precious metals updates, the steadfast adjusted its targets pursuing a important upward revision of its golden terms forecasts to $6,000 per ounce for 2026 and $6,500 for 2027.

CIBC besides accrued its copper terms assumptions. The steadfast noted that though request drivers from 2025 are expected to persist, the 2026 outlook is characterized by heightened geopolitical uncertainty.

On January 26, Scotiabank raised the terms people for Barrick Mining Corporation (NYSE:B) to $63 from $43 with an Outperform rating. This accommodation is portion of an update to the firm’s terms targets for the golden and precious minerals sector, reflecting higher forecasts for some golden and silver. The steadfast noted that these revised projections are driven by persistent economical and geopolitical uncertainty.

Barrick Mining Corporation (NYSE:B) explores, develops, produces, and sells mineral properties. The institution explores for gold, copper, silver, and vigor materials.

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