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Barrick (TSX:ABX) Valuation After Mali Mine Resolution and Potential North American Spin-Off Plans

Simply Wall St · 2d ago

Barrick Mining (TSX:ABX) just cleared two big overhangs at once by regaining control of its Loulo Gounkoto mine in Mali and advancing plans to spin off its North American assets.

See our latest analysis for Barrick Mining.

Those two catalysts seem to be resonating with investors, with the share price now at $59.63 and a strong 90 day share price return of 46.76 percent feeding into a powerful year to date share price return of 159.15 percent and a three year total shareholder return of 171.47 percent. This suggests momentum is firmly building as perceived risk eases and upside potential comes back into focus.

If Barrick’s run has you thinking about what else could rerate on cleaner narratives and stronger cash flows, it might be worth exploring fast growing stocks with high insider ownership.

With sentiment turning sharply and a potential North American spin off on the table, investors now face a key question: is Barrick still trading below its true worth, or has the market already priced in the next leg of growth?

Most Popular Narrative Narrative: 60% Undervalued

According to gmalan, Barrick’s last close near CA$59 still sits well below a narrative fair value anchored closer to CA$60, framing the stock as materially mispriced.

With its shares trading at CAD 48.07, the company appears undervalued relative to fair value estimates, offering a potential buffer in volatile weeks ahead.

Barrick looks compelling as a hedge against macro and political uncertainty.

Read the complete narrative.

Want to see what is driving that upside gap, beyond gold headlines and macro fear? It hinges on a tight mix of resilient margins, compounding growth, and a future earnings profile that looks more like a defensive growth name than a cyclical miner. Curious how those moving parts add up to this fair value call?

Result: Fair Value of $60.0 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, a sharp reversal in gold prices or unexpected cost inflation across key mines could quickly compress margins and undermine this undervaluation thesis.

Find out about the key risks to this Barrick Mining narrative.

Build Your Own Barrick Mining Narrative

If you see the story differently or want to dig into the numbers yourself, you can shape a fresh view in just minutes: Do it your way.

A great starting point for your Barrick Mining research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.