Freedom Capital Raises Barrick Mining (B) PT, Keeps Buy Rating

Barrick Mining Corporation (NYSE:B) is one of the 11 Best Gold Stocks to Buy According to Hedge Funds. On October 9, Freedom Capital Markets increased its price target on Barrick Mining Corporation (NYSE:B) from $20.50 to $42.00 while keeping a Buy rating.

The investment firm noted that Barrick Mining Corporation (NYSE:B) is strategically moving from a pure-play gold producer to becoming a leader in precious metals and copper

Freedom Capital Markets highlighted Barrick Mining Corporation’s (NYSE:B) $12 billion growth pipeline, which could help the company grow its production by 30% by 2030.

The firm also identified some important upcoming analysts for Barrick Mining Corporation (NYSE:B). This includes the Fourmile development approval, which is expected in the first quarter of 2026. Following this, the company will start underground construction.

Freedom Capital Markets also pointed out Reko Diq and Lumwana expansion projects are both planned to start production in 2028. This will create a synchronized growth inflection that will change Barrick Mining Corporation’s (NYSE:B) production levels and cash flow.

Barrick Mining Corporation (NYSE:B) is a leading mining, exploration, and development company with one of the strongest portfolios of gold and copper assets.

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Disclosure: None. This article is originally published at Insider Monkey.