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Here is how Barrick Mining (B) and Commercial Metals (CMC) have performed compared to their sector so far this year.
B's Q3 profit surges to $1.3B as higher gold prices offset lower output, with adjusted EPS topping estimates.
Barrick Mining Corporation NYSE: B has delivered a powerful signal of financial strength during a surging gold market, with the precious metal's price climbing above the $4,000 mark. The company announced record-breaking third-quarter financial results, highlighted by a substantial 25% increase in its base dividend.
Jefferies analysts view Barrick Mining Corp. (TSX:ABX, NYSE:B) stock as being “inexpensive” after the mining giant's third quarter 2025 earnings topped estimates. In a note to clients on Monday, the analysts wrote that Barrick is “signaling confidence” after the company increased its quarterly dividend 25% to $0.125 per share plus announced plans to pay a special dividend of $0.05 per share for the current quarter.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
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B's 41% surge rides record gold prices, steady project progress, and a strong cash position, though higher costs may curb gains.
After a sizable and consistent rally lasting the better part of two years, gold may have finally reached a limit. Achieving an all-time high near $4,400 per ounce in mid-October, gold has since pulled back to roughly $4,000.
B's third-quarter results are expected to reflect higher gold prices amid cost headwinds.
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Barrick Mining shares surged over 100% year-to-date, which is an outperformance of gold prices by a factor of 2x. The recent pullback in gold prices offered a buying opportunity, as I see the decade-old gold rally continuing on fundamentals. Assuming that the gold rally will continue, Barrick's share price could see new all-time highs within about a year.