First Eagle Investment Management LLC Sells 6,546,643 Shares of Barrick Mining Corporation $B

First Eagle Investment Management LLC reduced its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 16.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,114,660 shares of the gold and copper producer’s stock after selling 6,546,643 shares during the period. Barrick Mining accounts for about 2.5% of First Eagle Investment Management LLC’s holdings, making the stock its 11th biggest position. First Eagle Investment Management LLC’s holdings in Barrick Mining were worth $1,398,593,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in B. CW Advisors LLC bought a new position in shares of Barrick Mining during the second quarter valued at about $283,000. EverSource Wealth Advisors LLC bought a new position in shares of Barrick Mining during the second quarter valued at about $53,000. First Trust Advisors LP bought a new position in shares of Barrick Mining during the second quarter valued at about $857,000. Baird Financial Group Inc. bought a new position in shares of Barrick Mining during the second quarter valued at about $2,569,000. Finally, Cresset Asset Management LLC bought a new position in shares of Barrick Mining during the second quarter valued at about $543,000. 90.82% of the stock is owned by institutional investors.

Trending Headlines about Barrick Mining

Here are the key news stories impacting Barrick Mining this week:

• Positive Sentiment: Barrick reported Q1 earnings of $0.98 per share, beating estimates, with revenue up 66.7% year over year and free cash flow jumping sharply, reinforcing the case for stronger full-year execution. Why Barrick Mining Stock Zoomed Nearly 9% Higher Today
• Positive Sentiment: The company said gold production came in above guidance, which supports earnings momentum and suggests Barrick is executing well operationally. Barrick Unveils $3 Billion Buyback Ahead Of North America IPO
• Positive Sentiment: Barrick’s board authorized a new $3.0 billion share repurchase program, and the company also declared a quarterly dividend of $0.175 per share, signaling confidence in its balance sheet and cash generation. Barrick Board Authorizes $3.0 Billion Share Repurchase
• Positive Sentiment: Analysts and commentary highlighted Barrick’s strong cost control, improved free cash flow, and a potentially attractive valuation, which may be adding to the bullish momentum. Barrick Mining: Q1 Gold Production Surges, Shares Undervalued, Strong Chart
• Neutral Sentiment: Barrick’s planned North American spin-off and related IPO remain an additional strategic catalyst, but investors may still be waiting for more detail on timing and structure. Barrick Unveils $3 Billion Buyback Ahead Of North America IPO

Barrick Mining Price Performance

B opened at $47.12 on Tuesday. The company has a market capitalization of $78.95 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 1.29 and a beta of 0.41. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $42.16 and a 200-day moving average price of $42.73. Barrick Mining Corporation has a twelve month low of $17.41 and a twelve month high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.19. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The company’s revenue was up 66.7% compared to the same quarter last year. Equities analysts expect that Barrick Mining Corporation will post 3.56 EPS for the current year.

Barrick Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.175 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.70 annualized dividend and a dividend yield of 1.5%. Barrick Mining’s dividend payout ratio (DPR) is presently 57.34%.

Analysts Set New Price Targets

B has been the topic of a number of recent analyst reports. ATB Cormark Capital Markets lowered shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a research report on Friday, March 27th. UBS Group dropped their target price on shares of Barrick Mining from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. JPMorgan Chase & Co. began coverage on shares of Barrick Mining in a research note on Thursday, January 29th. They issued an “overweight” rating and a $68.00 target price on the stock. Finally, DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Barrick Mining currently has an average rating of “Moderate Buy” and a consensus price target of $54.17.

Barrick Mining Company Profile

Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.