Barrick Mining Corporation (B) Draws Mixed Views as UBS Cuts Target and CIBC Turns More Bullish

Barrick Mining Corporation (NYSE:B) is included among 12 Unstoppable Dividend Stocks to Buy According to Analysts.

On February 6, UBS lowered its price target on Barrick Mining Corporation (NYSE:B) to $55 from $59, while maintaining a Buy rating on the stock.

A few days earlier, on February 4, CIBC moved in the opposite direction. The firm raised its price target on Barrick to $71 from $50 and reiterated an Outperformer rating. The change came as CIBC lifted its gold price forecasts to $6,000 per ounce for 2026 and $6,500 for 2027, while also raising its copper assumptions. The analyst said the same demand drivers seen in 2025 are expected to carry into 2026, though geopolitical risks are becoming more pronounced.

On February 5, Bloomberg reported that Barrick plans to spin off its top North American gold assets through an initial public offering as part of a broader strategic reset. The company said it intends to sell a minority stake in the new North American unit, with an IPO targeted for late 2026. Interim chief executive Mark Hill told investors the company plans to sell between 10% and 15% of the new entity.

The proposed IPO could be valued at more than $60 billion and follows a period of operational and leadership challenges. Barrick has faced declining production in recent years and a management shakeup, including the abrupt exit of former CEO Mark Bristow in September after the seizure of a key mine in Mali by the country’s military junta. The spinoff is expected to include Barrick’s joint-venture interests in Nevada, including the Fourmile discovery, as well as a mine in the Dominican Republic. Assets located in higher-risk regions such as Africa and Pakistan will remain with the parent company.

Barrick Mining Corporation (NYSE:B) produces gold and copper and is also involved in related activities such as exploration and mine development.

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