CIBC Rates Barrick Mining (B) Neutral, $49 Price Target

CIBC downgraded Barrick Mining to Neutral and set a price target of $49, a 19.75% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 11:15 AM EDT · Updated Oct 16, 2026, 8:15 PM EDT

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CIBC rated Barrick Mining Corporation ($B) "Neutral" with a $49 price target on October 16, 2026.

B Barrick Mining Corporation

$40.82 -5.86% year to date

Daily close · Oct 16, 2026

Key Points

On October 16, 2026, CIBC lowered its rating on Barrick Mining Corporation (NYSE: B) to Neutral with a price target of $49.0.
CIBC's $49 price target implies 19.75% upside from Barrick Mining Corporation's ($B) current $40.92 share price.
Barrick Mining's shares recently traded around $40.92, which is about 16.5% below CIBC's new target.
Other analysts have maintained their ratings with targets ranging from $42.0 to $56.5, reflecting mixed outlooks on the stock.

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CIBC downgraded Barrick Mining Corporation (NYSE: B) to a Neutral rating on October 16, 2026, setting a price target of $49.0. This marks a change in sentiment for the company, which has been experiencing a variety of analyst opinions recently. The stock is currently trading at about $40.92, placing it approximately 16.5% below CIBC's new target.

Analyst rating track record

CIBC vs. the S&P 500

YTD return -4.98% hypothetical

All-time return -4.98% S&P 500 +3.88%

vs. S&P 500 -8.86% behind the index

Hypothetical returns from CIBC's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Barrick Mining Corporation

Capital International Investors increased its stake in Barrick Mining by 1,234,745 shares, bringing its total to about 65.5 million shares worth approximately $2.68 billion. Meanwhile, Van Eck Associates Corporation reduced its holdings by 6,885,919 shares, ending with about 60 million shares valued at around $2.45 billion. Blackrock Inc. also trimmed its position, selling 5,905,827 shares to hold about 50 million shares worth about $2.04 billion. In contrast, Vanguard Capital Management LLC added 609,980 shares, totaling roughly 46.1 million shares valued at about $1.88 billion. Royal Bank of Canada grew its holdings by 1,223,618 shares, ending with around 40.8 million shares worth about $1.67 billion.

Barrick Mining Corporation Stock Up 0.9%

Barrick Mining's shares are currently trading at $40.92. This price is notably below the new price target set by CIBC, indicating potential challenges ahead. The stock has been fluctuating in recent months, and this downgrade may impact investor sentiment.

12-month forecast

$B price target

Barrick Mining Corporation daily closes and this analyst's $49 target. Not advice.

Recent Earnings

Barrick Mining reported a revenue of approximately $20.65 billion over the trailing twelve months, reflecting a year-over-year growth of 43.8%. The company's earnings per share (EPS) stood at $3.87, with a net margin of 31.6% and a return on equity of 27.0%. The next earnings report is scheduled for November 9, 2026.

Insider Buying and Selling at Barrick Mining Corporation

There are currently no reported insider transactions for Barrick Mining Corporation.

Analysts Set New Price Targets

On August 13, 2026, Barclays maintained its Equal-Weight rating with a price target of $42.0, up from $39.0. JP Morgan also kept its Overweight rating, raising its target to $52.0 from $50.0 on August 14. Bernstein maintained an Outperform rating with a target of $56.5, down from $61.0 on September 9. RBC Capital maintained its Outperform rating and increased its target to $53.0 from $49.0 on September 16. CIBC's recent downgrade to Neutral with a target of $49.0 reflects a shift in its outlook on the stock.

About Barrick Mining Corporation

Barrick Mining Corporation is involved in exploring, developing, producing, and selling mineral resources, including gold, copper, and silver. The company, based in Toronto, Canada, was formerly known as Barrick Gold Corporation until it rebranded in May 2025. This downgrade by CIBC may influence how investors view the company's potential moving forward.

Bottom Line

Investors should keep an eye on Barrick Mining's upcoming earnings report on November 9, 2026, as it could provide further insights into the company's performance. CIBC's downgrade to Neutral may signal a cautious approach from analysts, and the mixed ratings from other firms suggest a varied outlook for the stock.