Jefferies analysts view Barrick Mining Corp. (TSX:ABX, NYSE:B) stock as being “inexpensive” after the mining giant’s third quarter 2025 earnings topped estimates.
In a note to clients on Monday, the analysts wrote that Barrick is “signaling confidence” after the company increased its quarterly dividend 25% to $0.125 per share plus announced plans to pay a special dividend of $0.05 per share for the current quarter.
In addition, the mining company boosted its stock buyback limit by $500 million to up to $1.5 billion.
Barrick also reiterated its 2025 production and all-in-sustaining costs (AISC) guidance, noting that Q4 production is expected to be the highest this year.
Jeffries analysts maintained their ‘Buy’ rating and US$46 per share target price on Barrick stock.
NYSE-listed shares of Barrick Mining rose 5% to $34.74 in midday trading on Monday.