Gold prices surged to over $4,000 per ounce in October, a 144% increase since 2022, driven by geopolitical tensions and safe-haven demand. Barrick Mining’s share price soared over 140% YTD, attracting Elliott Management’s $700 million stake and potential restructuring discussions, making Barrick a compelling buy for dividend-seeking investors.

Barrick Mining, a major gold and copper producer, saw its stock rise 112% in the last year and a staggering 143% since January, reflecting renewed investor interest. The company trades at a forward P/E ratio of 16.60x, slightly above the sector average, indicating confidence in Barrick’s growth potential.

In the third quarter of 2025, Barrick reported strong results with increased gold production, steady copper output, improved cash flow, and rising earnings. The company is investing $2 billion in the Lumwana expansion to double copper output, while also reshaping its asset base with strategic sales and buybacks to enhance shareholder returns.

Analysts project Barrick to maintain its full-year production outlook and anticipate significant earnings growth in the coming quarters. Recent analyst upgrades, including Scotiabank’s raised price target to $43, indicate positive sentiment based on higher gold prices and robust cash flow generation, suggesting further upside potential.

With Elliott Management’s backing and positive analyst outlook, Barrick presents an attractive opportunity for yield-seeking investors. The company’s strategic initiatives, increased earnings momentum, and shareholder returns, coupled with rising gold prices and cash flow, position it for continued growth, making it a promising investment choice.

Read more at Yahoo Finance: Elliott Management Is Betting Big on This Dividend-Paying Gold Stock. Should You Buy Shares Now?