In this article, we will list the 5 Best Commodity Stocks to Buy in 2026. Please visit 10 Best Commodity Stocks to Buy in 2026 if you’d like to see an extended list and the methodology behind it.
5. Barrick Mining Corporation (NYSE:B)
Number of Hedge Fund Holders: 75
With significant hedge fund interest and analyst support (41.0% upside), Barrick Mining Corporation (NYSE:B) ranks among the best commodity stocks to buy in 2026.
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Analyst sentiment on the stock remains strong as Barrick Mining Corporation (NYSE:B) delivered a powerful first quarter amid soaring gold prices and lower costs.
On May 11, 2026, Barrick Mining Corporation (NYSE:B) reported Q1 adjusted EPS of 98 cents, well ahead of the 81-cent consensus estimate, on revenue of $5.22 billion versus expectations of $4.84 billion. Gold production came in at 719,000 ounces, down 5% year-over-year, but a quarterly average realized gold price of $4,823 per ounce, up 66% from the prior year, more than offset the volume shortfall. All-in sustaining costs fell 4% to $1,708 per ounce. Operating cash flow surged 111% to $2.55 billion, while attributable free cash flow jumped 195% to $1.21 billion. Net EPS rose to $0.96, a 256% increase from a year earlier.
The strong cash generation funded shareholder returns. Barrick Mining Corporation (NYSE:B) declared a $0.175 per share quarterly dividend and authorized a new $3.0 billion share repurchase program.
UBS followed on May 12, 2026, raising its price target to $54 from $50 and reiterating a “Buy” rating, citing Barrick Mining Corporation (NYSE:B)’s operational scale, cash generation, and leverage to elevated gold and copper prices.
CEO Mark Hill said Barrick is shifting its strategic focus toward more stable jurisdictions, citing recent developments in Africa as a reason to prioritize growth elsewhere. Barrick Mining Corporation (NYSE:B) holds mines in Mali, Tanzania, the Democratic Republic of Congo, and Zambia, and Hill flagged Barrick’s 24% stake in the Porgera mine in Papua New Guinea as non-core.
Looking ahead, Barrick Mining Corporation (NYSE:B) guided for Q2 gold output of 730,000 to 770,000 ounces, with production expected to increase further in the second half. Full-year guidance remains 2.90 to 3.25 million ounces of gold and 190,000 to 220,000 tons of copper. The planned North American Barrick IPO remains on track to be completed by year-end.
Barrick Mining Corporation (NYSE:B) is a Canadian mineral properties company that explores for gold, copper, silver, and energy materials. The company was founded in 1983.
