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If you are wondering whether Barrick Mining is still good value after its run, you are not alone. This article is built to help you weigh what the current price really offers. The stock last closed at US$46.65, with returns of 5.8% year to date and 159.5% over the past year, while the 7 day and 30 day returns were a 0.6% decline and 4.3% decline respectively, and the 3 year and 5 year returns were 201.1% and 166.9%. Recent news around Barrick Mining has focused on its position within the US materials sector and ongoing interest in large miners as investors reassess risk and potential across the commodity space. This backdrop helps put the strong multi year share price performance into context for anyone asking whether expectations have already been priced in. Our valuation model currently gives Barrick Mining a score of 4 out of 6, which means it screens as undervalued on four of the six checks we use. Next we will walk through those methods and hint at an even richer way to think about value that we will come back to at the end of the article.

Barrick Mining delivered 159.5% returns over the last year. See how this stacks up to the rest of the Metals and Mining industry.

Approach 1: Barrick Mining Discounted Cash Flow (DCF) Analysis

A Discounted Cash Flow model takes estimates of the cash Barrick Mining could generate in the future, then discounts those cash flows back to what they might be worth in today's dollars.

For Barrick Mining, the latest twelve month free cash flow is about $3.55b. Analysts have supplied near term forecasts, and Simply Wall St extends these to a ten year view using its 2 Stage Free Cash Flow to Equity approach. By 2035, projected free cash flow is $5.29b, with interim years generally staying in the $5b to $7b range according to the provided schedule, all in US$.

When these projected cash flows are discounted back to today, the model arrives at an estimated intrinsic value of about US$56.65 per share. Compared with the recent share price of US$46.65, the DCF implies a 17.6% discount, which indicates Barrick Mining appears undervalued on this measure.

Result: UNDERVALUED

Our Discounted Cash Flow (DCF) analysis suggests Barrick Mining is undervalued by 17.6%. Track this in your watchlist or portfolio, or discover 56 more high quality undervalued stocks.B Discounted Cash Flow as at Feb 2026

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Barrick Mining.

Story Continues

Approach 2: Barrick Mining Price vs Earnings

For profitable companies like Barrick Mining, the P/E ratio is a useful way to think about what you are paying for each dollar of earnings. It gives a quick sense of how the market is weighing the company’s profit against other opportunities.

What counts as a “normal” or “fair” P/E depends on how the market sees growth potential and risk. Higher expected earnings growth or lower perceived risk usually come with a higher multiple, while slower growth or higher risk often justify a lower one.

Barrick Mining currently trades on a P/E of 15.7x. That sits below the Metals and Mining industry average of about 25.2x and below the peer group average of 28.8x. Simply Wall St’s Fair Ratio for Barrick Mining is 24.9x. This Fair Ratio is a proprietary estimate of the P/E you might expect once you factor in elements such as earnings growth profile, industry, profit margins, market cap and company specific risks.

Compared with simple peer or industry comparisons, the Fair Ratio aims to be more tailored because it blends these fundamentals rather than relying on broad averages. With the current P/E of 15.7x versus a Fair Ratio of 24.9x, the shares appear undervalued on this metric.

Result: UNDERVALUEDNYSE:B P/E Ratio as at Feb 2026

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Upgrade Your Decision Making: Choose your Barrick Mining Narrative

Earlier we mentioned that there is an even better way to think about value, and on Simply Wall St that starts with Narratives. You write a short story of how you see Barrick Mining’s future, link that story to your own revenue, earnings and margin assumptions on the Community page, and let the platform turn it into a Fair Value that sits next to today’s share price, updates automatically when new earnings or news arrive, and can look very different from other investors. For example, one user prices Barrick at a Fair Value of about US$40.91 per share based on a 9.6938% revenue growth rate and 19.9942% profit margin, while another sees it closer to US$20.44 with 4.5% growth and a 15% margin.

Do you think there's more to the story for Barrick Mining? Head over to our Community to see what others are saying!NYSE:B 1-Year Stock Price Chart

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.

Companies discussed in this article include B.

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