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Barrick Mining ( (TSE:ABX) ) just unveiled an announcement.
Barrick Mining Corporation has announced a leadership transition with Mark Hill appointed as the Group COO and Interim President & CEO, following the departure of Mark Bristow. Bristow, who led the company since its merger with Randgold in 2019, significantly strengthened Barrick’s portfolio and positioned it as a leading global producer of gold and copper. Under his leadership, Barrick returned $6.7 billion to shareholders and reduced net debt by $4 billion. The search for a permanent President and CEO is underway, with the company continuing to perform in line with its full-year expectations.
The most recent analyst rating on (TSE:ABX) stock is a Hold with a C$41.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.
Spark’s Take on TSE:ABX Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABX is a Outperform.
Barrick Mining’s overall stock score is driven by its strong financial performance and positive earnings call, which highlight robust profitability, operational efficiency, and strategic capital allocation. While technical indicators suggest overbought conditions, the company’s reasonable valuation and promising outlook support a favorable score.
To see Spark’s full report on TSE:ABX stock, click here.
More about Barrick Mining
Barrick Mining Corporation is a leading global mining, exploration, and development company with a significant portfolio of world-class and long-life gold and copper assets. Operating in 18 countries across five continents, Barrick is the largest gold producer in the United States. The company is committed to responsible mining, strong partnerships, and disciplined growth, trading on the New York Stock Exchange under ‘B’ and the Toronto Stock Exchange under ‘ABX’.
YTD Price Performance: 119.22%
Average Trading Volume: 5,008,135
Technical Sentiment Signal: Buy
Current Market Cap: C$81.99B
Learn more about ABX stock on TipRanks’ Stock Analysis page.