Mar. 27 at 10:54 AM
$B
Estimated earnings for 2026 is
$3.50
Use a PE 15 and you get
$52.50
That’s where this share price is moving back to.
My call for Barrick, way back in 2020 was
$75
I still see that occurring.
Not this cycle, but after the washout.
When gold eventually moves to
$6,000
We will see earnings around
$5 on an annual basis.
This will occur when the FED eventually moves policy rates to 1%.
Still using the PE ratio.
That’s gives you my
$75 price target. 🎯
Now, if the market places a higher PE ratio on B, then higher levels can be achieved.
Ignore the noise and continue accumulating miners on weakness. They’re a long hold, 10+ years.
