10:25 AM EDT, 08/12/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by $2 to $30, on an EV/EBITDA of 5.1x our 2026 EBITDA, below Barrick's three-year avg. forward EV/EBITDA of 5.6x and below peers' avg. of 6.6x. We raise our 2025 EPS estimate by $0.16 to $2.05 and 2026E by $0.19 to $2.56. During Q2, gold production increased 5% Q/Q, with all-in sustaining costs (AISC) declining 5% Q/Q to $1,684 per ounce. The company's copper strategy is gaining momentum with Q2 production up 34% sequentially, supported by Lumwana's improved mining rates. The new Reko Diq development remains on track for 2028 first production, positioning Barrick to double copper output. Nevada Gold Mines delivered 11% Q/Q production growth, while Fourmile drilling results support the potential to double mineral resources by year-end. We view Barrick's 39% valuation discount to peers as unjustified given its large scale, high-quality asset portfolio, and robust growth pipeline targeting a 30% increase in gold equivalent ounces produced by 2029.