We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Can Barrick Mining's Cash Engine Unlock Greater Returns Ahead?
Read MoreHide Full Article
Barrick Mining Corporation (B - Free Report) is leveraging its robust cash generation and solid balance sheet to consistently return value to its shareholders, reinforcing its standing as a capital return-focused gold producer. Barrick generated strong operating cash flows last year, with a significant portion funneled back to its investors.
At the end of second-quarter 2026, the company held roughly $5.9 billion of cash against $4.7 billion of debt, leaving $1.2 billion of net cash. It generated strong operating cash flows of roughly $1.7 billion, up 28% year over year, while free cash flow rose 30% to $515 million.
Barrick returned $1.5 billion to its shareholders in the second quarter, including $1.21 billion of share repurchases under its $3 billion authorization. Barrick’s new dividend policy targets a total payout of 50% of attributable free cash flow on an annualized basis. It offers a dividend yield of 1.7% at the current stock price with a payout ratio of 20%. A ratio below 60% is a good indicator that the dividend will be sustainable.
Backed by strong liquidity and reliable cash flows, B is well placed to pursue compelling exploration and development opportunities while sustaining shareholder returns and supporting organic growth.
Among its major peers, Newmont Corporation (NEM - Free Report) has distributed $3.4 billion to its shareholders through dividends and share repurchases in 2025. NEM has returned $1.9 billion to its shareholders since April 23, 2026. Newmont has executed buybacks under the current $6 billion authorized share repurchase program, with $4.3 billion remaining under it.
Agnico Eagle Mines Limited (AEM - Free Report) is capitalizing on its strong free cash flow to boost shareholder value through dividends and share buybacks. AEM returned around $1.4 billion to its shareholders in 2025, representing a third of its free cash flow. Agnico Eagle plans to return 40% of its annual free cash flow to its shareholders this year.
B’s Price Performance, Valuation & Estimates
Barrick’s shares have gained 22.4% in the past year compared with the Zacks Mining – Gold industry’s rise of 13.7%.
Image Source: Zacks Investment Research
From a valuation standpoint, B is currently trading at a forward 12-month earnings multiple of 10.65, a roughly 13.3% discount when stacked up with the industry average of 12.29X. It carries a Value Score of B.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for B’s 2026 and 2027 earnings implies a year-over-year rise of 43.8% and 15.2%, respectively. The EPS estimates for 2026 and 2027 have been trending lower over the last 60 days.
Image Source: Zacks Investment Research
Currently, Barrick carries a Zacks Rank #3 (Hold).
View the Zacks #1 Rank List
Image: Bigstock
Can Barrick Mining's Cash Engine Unlock Greater Returns Ahead?
Barrick Mining Corporation (B - Free Report) is leveraging its robust cash generation and solid balance sheet to consistently return value to its shareholders, reinforcing its standing as a capital return-focused gold producer. Barrick generated strong operating cash flows last year, with a significant portion funneled back to its investors.
At the end of second-quarter 2026, the company held roughly $5.9 billion of cash against $4.7 billion of debt, leaving $1.2 billion of net cash. It generated strong operating cash flows of roughly $1.7 billion, up 28% year over year, while free cash flow rose 30% to $515 million.
Barrick returned $1.5 billion to its shareholders in the second quarter, including $1.21 billion of share repurchases under its $3 billion authorization. Barrick’s new dividend policy targets a total payout of 50% of attributable free cash flow on an annualized basis. It offers a dividend yield of 1.7% at the current stock price with a payout ratio of 20%. A ratio below 60% is a good indicator that the dividend will be sustainable.
Backed by strong liquidity and reliable cash flows, B is well placed to pursue compelling exploration and development opportunities while sustaining shareholder returns and supporting organic growth.
Among its major peers, Newmont Corporation (NEM - Free Report) has distributed $3.4 billion to its shareholders through dividends and share repurchases in 2025. NEM has returned $1.9 billion to its shareholders since April 23, 2026. Newmont has executed buybacks under the current $6 billion authorized share repurchase program, with $4.3 billion remaining under it.
Agnico Eagle Mines Limited (AEM - Free Report) is capitalizing on its strong free cash flow to boost shareholder value through dividends and share buybacks. AEM returned around $1.4 billion to its shareholders in 2025, representing a third of its free cash flow. Agnico Eagle plans to return 40% of its annual free cash flow to its shareholders this year.
B’s Price Performance, Valuation & Estimates
Barrick’s shares have gained 22.4% in the past year compared with the Zacks Mining – Gold industry’s rise of 13.7%.
From a valuation standpoint, B is currently trading at a forward 12-month earnings multiple of 10.65, a roughly 13.3% discount when stacked up with the industry average of 12.29X. It carries a Value Score of B.
The Zacks Consensus Estimate for B’s 2026 and 2027 earnings implies a year-over-year rise of 43.8% and 15.2%, respectively. The EPS estimates for 2026 and 2027 have been trending lower over the last 60 days.
Currently, Barrick carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.