ATB Capital Markets lowered its price target on Barrick Mining Corp. (ABX.TO, B) to $94 from $100 on Monday.

Analyst Richard Gray maintained an Outperform rating on shares of the Toronto-based mining company following its quarterly results.

"Barrick reported Q4/25 financial results generally better than our estimates, including a beat on production, EPS, and FCF," Gray said in a note to clients. "On the other hand, guidance for 2026 missed our estimates on both production and costs."

"Barrick has decided to move forward with the previously discussed IPO of its North American assets (NGM, Pueblo Viejo, Fourmile), expected in late 2026," the analyst said. "We see potential for this move to daylight value in these assets, given their high quality and Barrick's current multiple relative to other senior producers."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)