Barrick: You Haven't Seen Anything Yet

Danil SeredaInvesting Group LeaderFollow5ShareSavePlay(11min)CommentsSummaryBarrick Mining Corporation rebranded in 2025 to reflect its dual-commodity focus, successfully scaling both gold and copper production as key assets enter full operational ramp-up phases.B's Q4 results featured 45% YoY revenue growth, 126% EPS growth, and a 40% dividend increase, supported by robust gold and copper production.Management’s new shareholder return framework targets 50% of annual free cash flow for dividends and buybacks, supported by robust cash generation from the Loulo-Gounkoto complex.Strategic investments in copper projects like the Lumwana Super Pit position Barrick to benefit from a structural deficit in the copper market through late 2028.B stock trades at 4.88x forward EV/EBITDA, with a fair value estimate of $50–$58/share, suggesting significant upside from current levels.Looking for more investing ideas like this one? Get them exclusively at Beyond the Wall Investing. Learn More » e-crow/iStock via Getty Images I Believe Barrick Is A Great "Buy" Barrick Mining Corporation (B) rebranded from Barrick Gold Corporation in May 2025 to reflect its growing dual-commodity focus - the "gold" in the company's name isn't enough to truly capture Barrick'sThis article was written byDanil Sereda14.76K FollowersFollowDaniel Sereda is chief investment analyst at a family office whose investments span continents and diverse asset classes. This requires him to navigate through a plethora of information on a daily basis. His expertise is in filtering this wealth of data to extract the most critical ideas. He runs the investing group Beyond the Wall Investing in which he provides access to the same information that institutional market participants prioritize in their analysis. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in B over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.