Barrick Mining Corporation Common Shares (B)

FairStock Score: 91/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the 2026-10-13 close of $40.52, Barrick Mining is valued at $67.8 billion. FairStock calculates a P/E of 10.47, EV/EBITDA of 4.58, and an FCF yield of 7.6%. Those are not demanding multiples for a business earning 27.01% on equity and 13.44% on capital employed. In fiscal Q2 2026, Barrick reported $5.3 billion of revenue, $1.2 billion of net income, and a 23% margin. Trailing free cash flow was $5.2 billion, which is real money. The balance sheet is conservative, with debt-to-equity of 0.13 and an Altman Z-Score of 3.06, though a Piotroski F-Score of 6/9 tells me the financial statement picture is not flawless. Gold miners sell a commodity, so pricing power is limited; the moat, if any, comes from scale, reserve quality, and cost position. Barrick's copper and energy materials exposure adds some diversification. Valuation is the interesting part: the Graham Number is $38.01, so at $40.52 the margin of safety is -6.60%, meaning the shares are slightly above that conservative asset-based yardstick. The PEG ratio of 0.21 looks attractive if growth continues, but commodity cycles can turn. The FairStock Lynch category is none because only zero years of filed results are available under its rules. Overall, this is a financially strong, reasonably priced resource producer. I would want to see sustained free cash flow and disciplined capital allocation before calling it a classic bargain.

In plain English: Barrick Mining digs for and sells gold, copper, silver, and energy materials. In fiscal Q2 2026, it earned $1.2 billion of profit on $5.3 billion of sales, so the business looks strong and profitable. At $40.52 a share, the price looks somewhat cheap compared with its profits and cash generation, but it is a little above a conservative accounting-value estimate.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer