Buffett Brain · Research note
Score updated 22 Oct 2026 · analysis from 24 Sept 2026
B· Materials
Barrick Mining
Barrick Mining's high margins and strong balance sheet contrast with volatile earnings, reflecting the cyclical nature of gold mining.
Buffett fit
Partial fit
Owner
48
Durability
49
Management
76
Price
76
Score updated 22 Oct 2026 · analysis from 24 Sept 2026
Buffett's checklist
Each number against Buffett's bar, and where it ranks among Materials stocks in our database.
How much profit the business makes on each dollar invested in it. Higher is better.
What is left of each sale after the cost of making the product. A high number often means pricing power.
The cash the business earns for its owners, compared with the price of the whole company.
How fast sales grew each year over the last five years.
How many years of today's profit you pay for at today's price. Lower means cheaper.
How much the company owes compared with what it owns outright. Lower is safer.
The four pillars
How the business measures up on each of Buffett's four tests.
Owning Barrick Mining would mean navigating the volatile nature of commodity markets.
The full reasoning comes with a free account.
The durability of Barrick Mining is challenged by its dependence on gold and other commodity prices, which can be unpredictable.
The full reasoning comes with a free account.
Management has shown discipline with a 5-year share count CAGR of -0.42% and a yield of 0.89%.
The full reasoning comes with a free account.
At a of 11.7 and EV/ of 8.5, Barrick appears reasonably valued, with an earnings yield of 8.52%.
The full reasoning comes with a free account.
Free account
Read the full Barrick Mining analysis free
- The full reasoning behind all four pillars
- The 5-year price target and the return it implies
- What would change the call
- Graham, Lynch and Greenblatt on the same stock
3 full analyses a week · no card needed
For and against
The strongest points on each side, with the numbers behind them.
In its favor
8- 153.35% , top-quintile in sector
- 2 of 51.31%, leading the sector
- 3Net margin of 32.04%, well above sector top-quintile cutoff
- 4Current ratio of 3.06 indicates strong liquidity
Concerns
8- 15-year EPS CAGR of -47.87%, indicating earnings volatility
- 25-year average of 7.22% is below sector top-quintile
- 3 yield of 5.18% is below the desired 8-10%
- 4Highly dependent on volatile commodity prices
Price history
$38.65+110.4%· 5-year return
Weekly closing prices. Touch or hover the line for a date.
The business
How the business works
Barrick Mining Corporation explores, develops, and sells mineral properties primarily focused on gold, copper, and silver. It reported $16.96B in revenue and a net income of $4.99B for the trailing twelve months. The company maintains a of 53.35% and an of 51.31%, both top-quintile within its sector. Unit economics are strong due to high margins, but earnings are highly sensitive to commodity prices.
How this analysis has moved
The call has held across 5 reviews.
Sep 27, 2026 → Oct 22, 2026
What other investors would say
The same company, judged by three other documented playbooks.
Keep researching
Similar companies in Materials
Free weekly email
Liked the read on B? Get the next ones on Monday.
Every Monday: the stocks most of the seven investors newly agree on. One email, unsubscribe any time.
Research, not investment advice.
See the Buffett analysis of Barrick Mining
The score, the checklist and the full reasoning open with a free account. You get 3 full analyses a week, and this stock is the first one. No card needed.
Create a free account3 full analyses a week · no card needed
Already have an account? Sign in