JPMorgan Initiates Barrick Mining (B) at Overweight with $68 PT on Bullish Gold Outlook

2 hours ago 1

Maham Fatima

Sat, January 31, 2026 astatine 6:40 AM CST 2 min read

Barrick Mining Corporation (NYSE:B) is 1 of the most undervalued ample headdress stocks to put successful now. On January 29, JPMorgan initiated sum of Barrick Mining with an Overweight standing and a $68 terms target, underpinned by a bullish stance connected golden driven by cardinal slope request and US argumentation uncertainty. The steadfast highlighted Barrick Mining’s world-class reserve basal and beardown integrated maturation imaginable successful the adjacent word arsenic cardinal advantages. Furthermore, the steadfast noted that the company’s banal is presently trading astatine a importantly larger discount comparative to its planetary peers than humanities norms, suggesting a compelling valuation accidental for investors arsenic the institution volition usage its standard successful a favorable precious metals environment.

On January 23, Canaccord raised the terms people connected Barrick Mining Corporation (NYSE:B) to C$80 from C$70 portion maintaining a Buy standing connected the shares.

Additionally, connected January 19, Bank of America expert Lawson Winder besides raised the firm’s terms people for Barrick Mining to $58 from $50 with a Buy standing arsenic portion of a broader upward revision for the North American precious metals sector. The steadfast noted that the macroeconomic factors driving golden prices person intensified, strengthening the lawsuit for higher valuations crossed the group. Additionally, BofA anticipates that Barrick Mining volition present beardown superior returns to shareholders successful Q4.

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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Disclosure: None. This nonfiction is primitively published at Insider Monkey.