BMO Reiterates ‘Hold’ Rating on Barrick Mining Corporation (B), Expects Unit Costs to Increase

Barrick Mining Corporation (NYSE:B) is included in our list of the 10 Unstoppable Canadian Stocks to Buy Now.

BMO Reiterates ‘Hold’ Rating on Barrick Mining Corporation (B), Expects Unit Costs to Increase

A closeup view of a large gold mine, illustrating the company’s gold properties.

On August 12, 2025, BMO Capital reiterated its ‘Hold’ rating on Barrick Mining Corporation (NYSE:B) with a $22.36 price target.

The investment firm discussed the company’s gold production, which is expected to meet guidance. However, the analyst believes unit costs are expected to surpass estimates, tempering margins. Meanwhile, BMO Capital highlighted the company’s copper segment, which is outperforming, with volumes exceeding the midpoint of guidance and costs kept in check.

Looking into the second half of 2025, the analyst expects operating results to improve due to higher production and reduced downtime. While Barrick Mining Corporation (NYSE:B)’s progress at the Fourmile projects holds significant discovery potential, its ongoing asset sales and unresolved Mali issues call for a balanced outlook.

Operating across the Americas, Africa, and other global mining regions, Barrick Mining Corporation (NYSE:B) is focused on exploration, development, and production of gold, copper, silver, and energy materials. It is one of the unstoppable stocks.

While we acknowledge the potential of B to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than B and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.