
Barrick's discounted valuation and strong cash flow present a favorable setup, but rising costs and a soft production outlook could limit the stock's upside.
Barnes Group Inc. provides engineering products, industrial technologies, and solutions in the United States and internationally. The company is headquartered in Bristol, Connecticut.
| Revenue (TTM) | $20.66B |
| Gross Profit (TTM) | $11.62B |
| EBITDA | $12.90B |
| Operating Margin | 51.30% |
| Return on Equity | 27.00% |
| Return on Assets | 13.40% |
| Revenue/Share (TTM) | $12.28 |
| Book Value | $16.59 |
| Price-to-Book | 2.76 |
| Price-to-Sales (TTM) | 3.57 |
| EV/Revenue | 3.567 |
| EV/EBITDA | 5.03 |
| Quarterly Earnings Growth (YoY) | 55.30% |
| Quarterly Revenue Growth (YoY) | 43.80% |
| Shares Outstanding | $1.65B |
| Float | $1.64B |
| % Insiders | 0.42% |
| % Institutions | 65.39% |
Volatility is currently contracting

Barrick's discounted valuation and strong cash flow present a favorable setup, but rising costs and a soft production outlook could limit the stock's upside.

Newmont and Barrick are benefiting from stronger gold prices, while growth projects, costs, valuations and earnings outlooks shape the investment case.

Barrick Mining Corporation remains a Buy, with valuation still discounting its re-rating potential despite the recent ~20% stock appreciation and supportive developments. Q2 results were mixed: gold production beat guidance, AISC increased 11% YoY, and FCF was impacted by a one-time payment in Mali, but balance sheet strength stands out. The North American IPO, enabled by a JV agreement with Newmont, is set to unlock value by separating high-quality assets and returning most net proceeds to shareholders.

I'm reiterating Barrick Mining as a Strong Buy with a $56 price target, reflecting a 37% upside. The North American IPO catalyst is now de-risked after Newmont's consent and a $1.95 billion settlement, enhancing visibility for key assets like Nevada Gold Mines and Fourmile. B delivered Q2 2026 gold production of 796Koz (+11% q/q), adjusted EPS up 74% y/y to $0.82, and reduced capex guidance while maintaining robust shareholder returns.

B's Q2 earnings jumped 74% as higher gold prices drove sales growth, while 2026 capital spending guidance was lowered.

B's Q2 call spotlights its $4B Newmont deal, unchanged 2026 guidance and plans for a year-end North American gold IPO.

The TSX Composite Index has soared this year, even as gold prices have recoiled. It has jumped by 14.35% this year and 30% in the last 12 months, outperforming the S&P 500.

Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) shares fell 8% on Monday after the company reported second quarter results that showed strong year-over-year growth but came in below Wall Street estimates. The company reported adjusted earnings of $0.82 per share for the quarter, below the $0.84 consensus estimate.

Barrick Mining settled a longstanding dispute with rival Newmont over its Nevada operations, securing a $1.95 billion cash payout and paving the way for the spinoff of Barrick's North American gold assets.

Barrick Mining (B) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.47 per share a year ago.
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