Barrick Mining Corporation (NYSE:B), featuring a net income margin of 46.49% and upside potential of 50.20%, secures a spot on our list of the best extremely profitable stocks to buy according to Wall Street analysts.
The company reported net income of $4.99 billion for the recently completed fiscal year (FY25)
That strong earnings momentum has continued into 2026. On May 11, 2026, Reuters reported that Barrick Mining Corporation (NYSE:B) beat first-quarter profit estimates, approved a $3 billion share repurchase program, and outlined plans to divest riskier African assets while pursuing a U.S. listing of its North American operations by year-end. CEO Mark Hill said the company is focusing on growth in more stable jurisdictions, pointing broadly to recent developments in Africa without naming specific countries.
He stated, “We are trying to focus our growth in more stable areas where we have more certainty around the mining regime. I mean, obviously, you can see with what’s happened in Africa recently, which countries would obviously not be ideal for investment.” Barrick Mining Corporation (NYSE:B) holds mines in Mali, Tanzania, the Democratic Republic of Congo, and Zambia. Hill also indicated that its 24% minority stake in the Porgera mine in Papua New Guinea would be considered non-core.