Barrick Mining: Discounted Mining Leader With Strong Upside Still Unlocked

  • Barrick trades at a significant discount to peers despite superior margins, growth, and operational resilience, making its current valuation unjustified. My scenario analysis shows strong upside potential, with target prices ranging from $21.6 to $36 depending on metal prices and market sentiment. Barrick boasts elite profitability, low leverage, and prudent capital allocation, offering both growth and downside protection for medium- to long-term investors.