Barrick Mining Corporation Just Recorded A 29% EPS Beat: Here's What Analysts Are Forecasting Next

Barrick Mining Corporation (TSE:ABX) just released its yearly report and things are looking bullish. The company beat forecasts, with revenue of US$17b, some 4.5% above estimates, and statutory earnings per share (EPS) coming in at US$2.93, 29% ahead of expectations. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. TSX:ABX Earnings and Revenue Growth February 8th 2026 Following the latest results, Barrick Mining's 14 analysts are now forecasting revenues of US$21.5b in 2026. This would be a major 27% improvement in revenue compared to the last 12 months. Per-share earnings are expected to bounce 23% to US$3.63. In the lead-up to this report, the analysts had been modelling revenues of US$20.9b and earnings per share (EPS) of US$3.63 in 2026. There doesn't appear to have been a major change in sentiment following the results, other than the small lift in revenue estimates.

View our latest analysis for Barrick Mining The analysts increased their price target 6.0% to CA$76.45, perhaps signalling that higher revenues are a strong leading indicator for Barrick Mining's valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Barrick Mining at CA$101 per share, while the most bearish prices it at CA$41.34. So we wouldn't be assigning too much credibility to analyst price targets in this case, because there are clearly some widely different views on what kind of performance this business can generate.

With this in mind, we wouldn't rely too heavily the consensus price target, as it is just an average and analysts clearly have some deeply divergent views on the business. Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's clear from the latest estimates that Barrick Mining's rate of growth is expected to accelerate meaningfully, with the forecast 27% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 3.7% p.a. over the past five years.

Compare this with other companies in the same industry, which are forecast to grow their revenue 20% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Barrick Mining is expected to grow much faster than its industry. Story Continues The Bottom Line The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry.

There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving. With that in mind, we wouldn't be too quick to come to a conclusion on Barrick Mining. Long-term earnings power is much more important than next year's profits. We have forecasts for Barrick Mining going out to 2028, and you can see them free on our platform here. Before you take the next step you should know about the 1 warning sign for Barrick Mining that we have uncovered. Have feedback on this article? Concerned about the content? Get in touch with us directly.

Alternatively, email editorial-team (at) simplywallst.com.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.

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