In this article, we will discuss the 12 Cheap Gold Stocks to Buy Now.
On December 11, 2025, gold prices surged to their highest levels in over a month after the dollar weakened following a 25-basis-point Federal Reserve rate cut the previous day, Reuters reported. Spot gold climbed 1.2% to $4,280.08 per ounce, which is the highest it has hit since October 21. Meanwhile, February U.S. gold futures also rose 2.1% to $4,313.
At the same time, silver outperformed. The precious metal increased by 4%, reaching $64.22 per ounce, which was near its record high of $64.31, which it had touched earlier in the session. While speaking to Reuters, Marex analyst Edward Meir said silver’s momentum is driving gold, platinum, and palladium, alongside a softer dollar and persistent inflation pressures.
Having gained 61.64% over the past year, gold is trading just over $4,300 per ounce as of December 12.
Over the longer term, analysts remain bullish on gold’s outlook. On November 26, 2025, Deutsche Bank raised its 2026 gold price forecast from $4,000 to $4,450 per ounce. The bank’s optimism reflects stabilizing investor flows and sustained central-bank demand. In 2026, it sees gold trading between $3,950 and $4,950 as total demand continues to exceed supply. Stretched further, the bank expects prices to reach $5,150 in 2027. However, while discussing risks, the firm advised investors to keep an eye on macro policy, market correlations, and central-bank demand.
On the other hand, Bank of America raised its 2026 gold price outlook to $5,000 an ounce in October, expecting prices to average around $4,400. With several other firms also bullish on the gold outlook, JPMorgan’s October projection was the most bullish, forecasting prices could cross the $5,055 average by Q4 2026.
Investor sentiment reflects this outlook: Goldman Sachs’ survey found that 36% of institutional investors expect gold prices to exceed $5,000 by the end of 2026, while 33% expect prices to remain between $4,500 and $5,000. The survey was conducted from November 12 to November 14.
With this backdrop in mind, let’s jump to our list of the 12 cheap gold stocks to buy now.
Our Methodology
To curate our list of the 12 cheap gold stocks to buy now, we used the financial media, ETFs, and stock screeners to compile a list of gold stocks with a forward price-to-earnings multiple under 15x as of December 11, 2025. Next, we assessed the hedge fund sentiment surrounding these stocks using Insider Monkey’s hedge fund database, which tracks 978 hedge funds as of Q3 2025. Finally, our list of cheap gold stocks is presented in ascending order based on the number of hedge funds holding a stake in each stock.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
12. Eldorado Gold Corporation (NYSE:EGO)
Forward Price-to-Earnings Multiple: 8.17
Number of Hedge Fund Holders: 26
With a low forward price-to-earnings multiple and significant hedge fund interest, Eldorado Gold Corporation (NYSE:EGO) secures a spot on our list of the 12 cheap gold stocks to buy now.
Having returned 135% year-to-date (YTD) and 23% over the past month, Eldorado Gold Corporation (NYSE:EGO)’s momentum continues to accelerate, taking the share price to its new 52-week high of $36.00 on December 12, 2025.
In contrast to this momentum, Bank of America revisited Eldorado Gold Corporation (NYSE:EGO) on December 1, 2025. The bank raised its price target from $28 to $29 (below the company’s current share price), while reiterating an “Underperform” rating, according to The Fly. This conflicts with the bank’s bullish commodities outlook, projecting gold to reach $5,000/oz in 2026. The projection, coming out in October, was driven by fiscal deficits, rising debt levels, and a favorable policy backdrop.
However, the same level of optimism is not shared by all major institutions, with Citi’s Max Layton arguing that the fading of several macro tailwinds may result in gold’s exceptional 2025 run cooling off. Yet, speaking to CNBC on December 10, the bank said it sees limited downside, with its base case projecting prices to ease to $3,600- $3,800/oz by the end of next year, while assigning a 30% chance of a renewed push toward $5,000.
Therefore, with gold prices hovering just over $4,300/oz as of December 12, strong share price momentum in 2025, and a broader bullish outlook on gold prices, investors remain keen on seeing where Eldorado Gold Corporation (NYSE:EGO)’s momentum heads.
Amid this, Eldorado Gold Corporation (NYSE:EGO) received a vote of confidence from BMO Capital, which raised its price target from C$50 to C$53 while reiterating an “Outperform” rating, as reported by The Fly on November 27. The investment firm’s bullish stance reflected the company’s updated mineral reserve and resource statement, released just a day earlier.
The statement featured a 5% successful depletion replacement across key assets, a stronger decade-long production outlook with an average mine life of 13 years, and a 21% boost in Inferred Resources from additions in Greece and Canada. Eldorado Gold Corporation (NYSE:EGO) plans to focus on expanding near-mine opportunities and advancing its broader discovery pipeline.
Eldorado Gold Corporation (NYSE:EGO), a gold-focused miner, operates in Turkey, Canada, and Greece.
11. Sibanye Stillwater Limited (NYSE:SBSW)
Forward Price-to-Earnings Multiple: 8.4
Number of Hedge Fund Holders: 27
Sibanye Stillwater Limited (NYSE:SBSW) is one of the 12 cheap gold stocks to buy now.
On November 17, 2025, The Fly reported that Sibanye Stillwater Limited’s (NYSE:SBSW) price target was raised by RBC Capital from $10.50 to $12, while it reiterating an “Outperform” rating. While the firm’s near-term price target remains below the current price level, it expects the company’s valuation gap with peers to narrow due to its de-leveraging efforts, a more defined strategic direction under its new CEO, and a continued commitment to capital returns. Furthermore, RBC Capital sees the company benefiting most if the U.S. imposes tariffs on palladium imports, building the case for the stock’s long-term upside.
While Sibanye Stillwater Limited (NYSE:SBSW) will report the most recent debt levels in its full-year 2025 results in 2026, the company saw a sustained decline in net debt-to-adjusted EBITDA to 0.89x, well below its target. During its Q2 2025 earnings call, management emphasized its focus on reducing gross debt, including plans to refinance its $675 million 2026 notes through a small issuance next year. As major projects near completion and cash conversion is expected to improve, management expressed confidence in successfully executing its debt-reduction plans. The de-risking trajectory is further supported by a strong liquidity position and expected future inflows, including U.S. Section 45X tax credits. The quarter also marked management’s reaffirmation of its dividend policy, with payouts expected to resume at year-end.
Meanwhile, on the palladium front, Sibanye Stillwater Limited (NYSE:SBSW) sees the outlook improving, as the company, alongside the United Steelworkers union, filed antidumping and countervailing duty petitions against Russian palladium imports. This move holds significance, as U.S. palladium imports from Russia have seen a sharp rise. The imports are up 34% from 2021 to 2024, and 2025 imports are up another 30% year-to-date as of October 17, 2025, according to the World Platinum Investment Council.
Looking ahead, Sibanye Stillwater Limited (NYSE:SBSW) appears well-positioned to benefit if tariffs are imposed, with investigations underway and the potential for duties to restrict imports.
Sibanye Stillwater Limited (NYSE:SBSW), a global precious metals producer, operates across South Africa, the U.S., Europe, and Australia. The company mines gold, PGMs, battery metals, and other resources.
10. Equinox Gold Corp. (NYSEAMERICAN:EQX)
Forward Price-to-Earnings Multiple: 11.14
Number of Hedge Fund Holders: 30
With a low forward price-to-earnings multiple and significant hedge fund interest, Equinox Gold Corp. (NYSEAMERICAN:EQX) secures a spot on our list of the 12 cheap gold stocks to buy now.
On December 12, 2025, Equinox Gold Corp. (NYSEAMERICAN:EQX) reached its new 52-week high of $15.10, following a strong 2025 run, recording a 196% gain in the year alone.
Amid this strong momentum, Stifel initiated coverage on Equinox Gold Corp. (NYSEAMERICAN:EQX) with a “Buy” rating and a C$24 price target on December 2, 2025, according to The Fly. The firm’s bullish stance reflects the company’s significant progress in Canada, where it is beginning to realize the full value of its portfolio. As a result, Stifel expects Equinox to see production growth and rising cash flow, which will drive its growth outlook.
This follows the company’s November 18 update, which detailed its achievement of commercial production at its 100%-owned Valentine Gold Mine in Newfoundland and Labrador. Representing a significant expansion of Equinox Gold Corp. (NYSEAMERICAN:EQX)’s Canadian footprint, the operation has ramped up ahead of schedule, as plant availability, throughput, and recoveries exceeded commissioning expectations. Over the past 60 days, as of the announcement date, the process plant averaged over 5,400 tons per day and gold recoveries of over 93%. With this achievement, management sees Valentine delivering toward the higher end of its Q4 production range and reaching nameplate capacity by Q2 2026, boosting the company’s annual output.
Meanwhile, Valentine’s operational momentum was evident in Equinox Gold Corp. (NYSEAMERICAN:EQX)’s Q3 2025 results released on November 5. The quarter saw commissioning progress smoothly, throughput climb steadily, and October performance exceed 90% of nameplate capacity.
Thus, Equinox Gold Corp. (NYSEAMERICAN:EQX) looks to end the year on a high note, as Valentine transitions from commissioning into full-scale production.
Equinox Gold Corp. (NYSEAMERICAN:EQX), a Canadian-based gold producer, operates and develops mines across the Americas.
9. Orla Mining Ltd. (NYSE:ORLA)
Forward Price-to-Earnings Multiple: 10.33
Number of Hedge Fund Holders: 33
Orla Mining Ltd. (NYSE:ORLA) is one of the 12 cheap gold stocks to buy now.
As of December 12, 2025, Orla Mining Ltd. (NYSE:ORLA)’s share price was trading near its all-time high, closing at $13.08. With shares up 141% YTD and 23% over the past month, the stock reached its all-time high of $14.36 on December 1, 2025.
This strong momentum reflects improving operational performance, driven by significant progress in pit stabilization at Camino Rojo and by the company’s March 2025 acquisition of the Musselwhite Gold Mine, which is beginning to deliver results. Having already mined 325,923 tons of ore and processed 329,634 tons from Musselwhite during the third quarter, Orla Mining Ltd. (NYSE:ORLA) remains confident it will achieve 2025 consolidated production guidance of 265,000 to 285,000 ounces of gold.
On the back of this strong momentum, Orla Mining Ltd. (NYSE:ORLA) announced on December 3, 2025, that its board had declared the company’s inaugural quarterly cash dividend of $0.015 per share, payable on February 10, 2026. This inauguration reflects management’s confidence in the company’s financial position and its ability to balance shareholder returns with planned capital spending, including the development of the South Carlin Complex in Nevada.
Meanwhile, on December 2, 2025, Orla Mining Ltd. (NYSE:ORLA) reported results from its 2025 exploration program at the South Carlin Complex in Nevada. The company’s 18,000-metre drilling campaign confirmed significant oxide mineralization beyond existing pit designs and advanced several satellite targets, boosting the project’s long-term growth potential. With reserves and resources of 1.604 Moz and 1.753 Moz, respectively, and a projected eight-year mine life per the 2022 Feasibility Study, the South Carlin Complex is advancing well toward permitting, construction, and planned production later in the decade.
Orla Mining Ltd. (NYSE:ORLA), a North America-focused gold producer and developer, has its operating assets in Mexico and Canada. It also explores silver, zinc, lead, and copper deposits.
8. Kinross Gold Corporation (NYSE:KGC)
Forward Price-to-Earnings Multiple: 12.22
Number of Hedge Fund Holders: 35
With a low forward price-to-earnings multiple and significant hedge fund interest, Kinross Gold Corporation (NYSE:KGC) secures a spot on our list of the 12 cheap gold stocks to buy now.
On December 12, 2025, Kinross Gold Corporation (NYSE:KGC) reached a new 52-week high of $29.17, closing at $27.92. This reflects the company’s strong momentum in 2025, as its shares have risen over 200% this year alone and roughly 80% over the past six months. Amid the upward trajectory of gold prices, the company has attracted growing investor attention.
In particular, Kinross Gold Corporation (NYSE:KGC) caught the attention of Jefferies’ Fahad Tariq, who raised the firm’s price target from $32 to $33 on December 7, while reiterating a “Buy” rating, according to The Fly. In a 2026 metals and mining preview, the analyst noted attractive valuations for gold equities. However, he cautioned on copper stocks. He projects higher margins and increased free cash flow for gold miners in 2026, driven by strong ongoing momentum and expected demand for the safe-haven asset. In September, the firm’s analyst, Chris Wood, projected that gold prices could reach as high as $6,600 per ounce in the long term.
On December 4, 2025, Kinross Gold Corporation (NYSE:KGC) saw Moody’s Investors Service upgrade its senior unsecured rating to Baa2 from Baa3, with a stable outlook. Moody’s upgrade reflects Kinross’ scale, production, profile, low leverage, and conservative financial policies.
Furthermore, on the same day, Kinross Gold Corporation (NYSE:KGC) repaid $500 million in Senior Notes ahead of schedule. With this, the company brought total 2025 debt repayments to approximately $700 million, strengthening its balance sheet.
Kinross Gold Corporation (NYSE:KGC) is focused on gold exploration, extraction, processing, and silver production. Its operations span the U.S., Brazil, Chile, Canada, and Mauritania.
7. Coeur Mining, Inc. (NYSE:CDE)
Forward Price-to-Earnings Multiple: 12.82
Number of Hedge Fund Holders: 36
Coeur Mining, Inc. (NYSE:CDE) is one of the 12 cheap gold stocks to buy now.
As of December 12, 2025, Coeur Mining, Inc. (NYSE:CDE) boasts over 200% returns in 2025 alone and 87% over the past six months, having reached its 52-week high of $23.62 on October 16. While this reflects strong investor interest in the gold and silver producer, Cantor Fitzgerald holds a contradictory view. The firm downgraded the stock from “Overweight” to “Neutral” at the end of October, believing that the shares are fully or fairly valued following the significant price run. Yet the stock has bullish sentiment from 75% of analysts, with a consensus price target implying 24.64% upside as of December 12.
Following its strong momentum, Coeur Mining, Inc. (NYSE:CDE) released an update on December 8, 2025, regarding its exploration program at the Palmarejo gold-silver complex in Chihuahua, Mexico. The update detailed the completion of approximately 68,000 meters of diamond drilling across a 300 km2 land package, with 3% of the package remaining unexplored. The program is the company’s largest exploration campaign since 2012.
After allocating 60% of this year’s exploration budget to Palmarejo, Coeur Mining, Inc. (NYSE:CDE) welcomed the positive results, which highlighted significant growth potential. The growth-potential areas include extensions of the Hidalgo, Libertad, and San Juan veins, confirmation of continuity between Independencia Sur and Independencia Norte, and discoveries at East Palmarejo’s San Miguel, La Union, and Camuchin trends.
At the end of the third quarter, Coeur Mining, Inc. (NYSE:CDE)’s management raised full-year 2025 gold production guidance for the mine from 95,000-105,000 ounces to 96,000-106,000 and silver guidance from 5.4-6.5 million ounces to 6.0-6.8.
Coeur Mining, Inc. (NYSE:CDE) is focused on the production of gold and silver, with its operations spanning the U.S., Canada, and Mexico.
6. B2Gold Corp. (NYSE:BTG)
Forward Price-to-Earnings Multiple: 5.58
Number of Hedge Fund Holders: 37
With a low forward price-to-earnings multiple and significant hedge fund interest, B2Gold Corp. (NYSE:BTG) secures a spot on our list of the 12 cheap gold stocks to buy now.
As of December 12, 2025, roughly 60% of analysts are bullish on B2Gold Corp. (NYSE:BTG), with a median price target of $6.00. This translates into a potential upside of 30.15%.
Among these analysts, Bank of America (BofA) highlighted B2Gold Corp. (NYSE:BTG) as one of the North American miners with the highest gold-price leverage. The bank’s analyst, Lawson Winder, believes the stock stands out on an NAV basis for its strong gold price sensitivity, which results in one of the highest EBITDA betas in the region. Therefore, if gold rises in 2026, as most analysts currently predict, the company’s earnings will be highly sensitive to the price of gold. BofA, in its December 1 research note, projected gold to reach $5,000 per ounce in 2026, citing BTG as a key beneficiary.
However, investors must focus on the interplay between market optimism and operational realities. This was evident in CIBC’s November 21 update, where the bank reduced its price target on B2Gold Corp. (NYSE:BTG) from $6.50 to $6.00, while reiterating a “Neutral” rating. The firm attributed the target reduction to its Q3 2025 results, which showed lower production and higher costs at B2Gold’s Goose Mine. However, this target reduction contrasted with the bank’s target increase in the previous month, when higher gold and silver price forecasts fueled the firm’s optimism.
After ramping up to 81.2% of mill design capacity in the final two weeks of the third quarter, the Goose Mine achieved commercial production on October 2, 2025. By the end of 2025, B2Gold Corp. (NYSE:BTG)’s management expects the mine to reach full capacity of 4,000 tons per day. According to the management’s projections, the Canadian gold mine will contribute an average of approximately 300,000 ounces annually from 2026 to 2031.
B2Gold Corp. (NYSE:BTG) is a Canadian gold producer, operating across Canada, Mali, Namibia, and the Philippines.
5. New Gold Inc. (NYSE:NGD)
Forward Price-to-Earnings Multiple: 7.64
Number of Hedge Fund Holders: 37
New Gold Inc. (NYSE:NGD) is one of the 12 cheap gold stocks to buy now.
On December 12, 2025, New Gold Inc. (NYSE:NGD) climbed to its 52-week high of $8.85, having recorded a massive 172% gain over the past year and an impressive 239% in 2025 so far. This surge comes amid strong investor confidence and growing interest in the company’s assets and strategic initiatives.
Amid this strong share price momentum, New Gold Inc. (NYSE:NGD) caught TD Securities’ attention on December 1. The bank’s analyst Wayne Lam upgraded the stock from “Hold” to “Buy” and raised the price target from $7.50 to $12.00, according to The Fly. This upgrade reflects the proposed all-stock acquisition by Coeur Mining, which the analyst described as offering an “attractive price” for New Gold shareholders. Furthermore, Lam believes that shareholders should accept the offer, as the acquisition price includes a premium, and it is unlikely that another bidder will come up with a higher offer.
As announced on November 3, 2025, Coeur Mining and New Gold entered into a definitive agreement under which Coeur’s wholly-owned subsidiary will acquire all outstanding New Gold shares. As per the agreement, New Gold Inc. (NYSE:NGD) shareholders will receive 0.4959 shares of Coeur common stock for each New Gold share. This implies a consideration of $8.51 per share, a 16% premium to the October 31, 2025, closing price.
This deal would create a leading, 100% North American precious metals producer, which is expected to boast approximately $20 billion in pro forma market capitalization, seven high-quality operations, an expected 2026 EBITDA of $3 billion, and roughly $2 billion of free cash flow in 2026 at significantly lower overall costs and higher margins. The deal would position New Gold Inc. (NYSE:NGD) for enhanced growth and leadership.
New Gold Inc. (NYSE:NGD) is a Canadian-focused intermediate gold mining company. The company’s core operations are at the New Afton copper-gold mine and Rainy River gold mine.
4. Pan American Silver Corp. (NYSE:PAAS)
Forward Price-to-Earnings Multiple: 14.62
Number of Hedge Fund Holders: 38
With a low forward price-to-earnings multiple and significant hedge fund interest, Pan American Silver Corp. (NYSE:PAAS) secures a spot on our list of the 12 cheap gold stocks to buy now.
On December 12, 2025, Pan American Silver Corp. (NYSE:PAAS) hit its all-time high of $52.24, closing at $49.73. This follows a strong 2025 for the company, with its shares surging 150% in the year so far and over 32% in the past month alone. This surge reflects strong investor enthusiasm amid the gold and silver bullish run in 2025.
Amid this stock rally, Jefferies revisited Pan American Silver Corp. (NYSE:PAAS) on December 7, 2025. The firm raised its price target from $42 to $50, reiterating a “Hold” rating, according to The Fly. While the bank remains positive on gold equities for their attractive valuation, it urges investors to wait. However, RBC Capital followed up on December 10 with an update, reiterating a “Buy” rating and a $55 price target.
Meanwhile, Pan American Silver Corp. (NYSE:PAAS) remains focused on expanding its strategic investments. On December 5, 2025, the company acquired 18.75 million units of Galleon Gold Corp. at C$0.60 per unit through a non-brokered private placement. With this acquisition, which includes common shares and warrants, Pan American boosted its total interest in Galleon to approximately 29.7% on a partially diluted basis.
At the same time, Pan American Silver Corp. (NYSE:PAAS) released drill results from multiple operations on December 1, 2025. The operations included Jacobina, El Penon, La Colorada, and Timmins. The results featured notable high-grade intercepts confirming resource expansion and the potential to extend mine life across several key assets.
Pan American Silver Corp. (NYSE:PAAS) is a Canada-based mining company focused on the operation, development, and exploration of silver- and gold-producing properties and assets.
3. IAMGOLD Corporation (NYSE:IAG)
Forward Price-to-Earnings Multiple: 8.55
Number of Hedge Fund Holders: 43
IAMGOLD Corporation (NYSE:IAG) is one of the 12 cheap gold stocks to buy now.
Delivering returns of over 213% in 2025 alone and roughly 110% over the past six months, IAMGOLD Corporation (NYSE:IAG) hit its new 52-week high of $16.38 on December 12, 2025, closing at $15.84. The stock benefited from growing investor interest in gold equities amid sustained momentum in bullion prices.
In addition to strong share price performance, IAMGOLD Corporation (NYSE:IAG) achieved a major balance sheet milestone on December 9, 2025. The company confirmed the full repayment of the remaining $130 million outstanding on its 2nd Lien Term Loan. Additionally, the Toronto Stock Exchange also approved the gold producer’s launch of a normal course issuer bid to repurchase up to 57 million shares. This buyback, representing about 9.92% of its public float, is set to run from December 12, 2025, through December 11, 2026, and will be funded through operating cash flows. With this, management reaffirms its confidence in the company’s long-term value and disciplined capital allocation strategy.
Amid these positives, IAMGOLD Corporation (NYSE:IAG) caught analysts’ attention. In particular, Bank of America revisited the Toronto-based gold producer, raising its price target from $16.75 to $18.00 and reiterating a “Buy” rating, according to The Fly. The bank provided this update alongside a broader update to its North American metals and mining forecasts.
IAMGOLD Corporation (NYSE:IAG) is a gold producer with operations and development assets in Canada and Burkina Faso. It also holds interests in the Cote, Westwood, and Essakane projects.
2. Newmont Corporation (NYSE:NEM)
Forward Price-to-Earnings Multiple: 13.16
Number of Hedge Fund Holders: 74
With a low forward price-to-earnings multiple and significant hedge fund interest, Newmont Corporation (NYSE:NEM) secures a spot on our list of the 12 cheap gold stocks to buy now.
Newmont Corporation (NYSE:NEM), one of the world’s two largest gold producers, alongside Barrick, reached its all-time high of $102.13 on December 12, 2025, before closing at $98.14. This year has been a strong one for the miner, with its shares surging nearly 164% in 2025 alone and over 76% in the past six months.
Amid strong share price momentum, Newmont Corporation (NYSE:NEM) has attracted analyst attention, with roughly 80% of analysts bullish on the stock as of December 12, 2025, projecting a one-year upside of 14.12%. In particular, UBS analyst Levi Spry revisited Newmont Corporation CHESS (Australian listing) on December 12, setting a price target of A$190.00 with a “Buy” rating, according to The Fly.
On December 1, 2025, UBS analyst Daniel Major, who covers the NYSE-listed stock Newmont Corporation (NYSE:NEM), raised the price target from $105.50 to $125.00 while reiterating a “Buy” rating. The update reflects the analyst’s gold outlook, which expects the safe-haven asset to enter 2026 on the bullish note it maintained through 2025. Major attributes this outlook to broad-based demand from the private and official sectors. Acknowledging the overexcitement shown by investors earlier in the year, he stated that their analysis for the next six- to twelve-month period does not indicate a bear-market setup in 2026.
Newmont Corporation (NYSE:NEM), a global gold producer, has diversified mining and exploration operations across the Americas, Australia, and the Asia-Pacific region, with a growing exposure to copper and other metals.
1. Barrick Mining Corporation (NYSE:B)
Forward Price-to-Earnings Multiple: 13.66
Number of Hedge Fund Holders: 75
Barrick Mining Corporation (NYSE:B) is one of the 12 cheap gold stocks to buy now.
On December 12, 2025, Barrick Mining Corporation (NYSE:B), one of the two largest gold producers, alongside Newmont Corporation, surged to its new 52-week high of $44.07 before closing at $43.09. The stock has seen a strong rally in the past year, returning roughly 180% in 2025 alone and over 20% in the past month.
On December 7, 2025, The Fly reported that Jefferies revisited Barrick Mining Corporation (NYSE:B), raising its price target from $46 to $55, while reaffirming a “Buy” rating. In his new sector preview, Fahad Tariq noted that Barrick is the firm’s top pick among large-cap gold miners, reflecting the gold miner’s estimated 12% free cash flow yield and multiple growth and value-unlocking drivers.
Meanwhile, Barrick Mining Corporation (NYSE:B) announced a potential portfolio initiative on December 1, 2025. Its board authorized management to explore an initial public offering (IPO) of a subsidiary controlling the company’s premier North American gold assets. This proposed entity will hold interests in Nevada Gold Mines, Pueblo Viejo, and the Fourmile discovery. Barrick will remain the controlling stakeholder if an IPO proceeds.
Furthermore, Barrick Mining Corporation (NYSE:B)’s recent efforts to streamline its portfolio include the November 26 completion of the divestiture of the Hemlo Gold Mine in Canada for up to $1.09 billion in consideration. Additionally, on December 2, 2025, the company completed the sale of its Tongon mine interests in Cote d’Ivoire for up to $305 million.
Barrick Mining Corporation (NYSE:B), a Toronto-based global miner, focuses on gold and copper. Its exploration, development, and production assets span multiple regions worldwide.
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