** U.S.-listed shares of gold miner Barrick Mining ABX.TO, B.N rise 2.3% to $35.65 premarket

** The company on Monday raised its dividend and expanded its share buyback program after beating adjusted profit estimates, as stronger gold prices helped offset a decline in production

BROKERAGES SEE FUTURE STOCK GROWTH

** Jefferies ("Buy", PT: $46) sees the stock being valued more highly as Barrick is now consistently operating effectively and is delivering on guidance

** Conmark Securities upgrades Barrick to "buy" from "market perform", raises PT to C$66 from C$53; says "share price, which lagged earlier in the year, is now starting to catch up to the rest of the peer group"

** Adds that Barrick's long-term outlook rides on the back of its Fourmile project that is poised to grow as exploration drilling aggressively expands the resource

** National Bank of Canada ("outperform", PT: C$65), says "Advancing exploration at Fourmile represents a significant value driver for the company"

** Adds that potential resolution or monetization of Loulo-Gounkoto mine in Mali could act as a near-term catalyst, unlocking value and supporting a further stock re-rating

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))