LGT Fund Management Co Ltd. Purchases Shares of 26,112 Barrick Mining Corporation $B

LGT Fund Management Co Ltd. purchased a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 26,112 shares of the gold and copper producer’s stock, valued at approximately $1,067,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trifecta Capital Advisors LLC purchased a new position in Barrick Mining in the 1st quarter worth $255,000. Diversify Wealth Management LLC lifted its position in Barrick Mining by 126.2% during the 1st quarter. Diversify Wealth Management LLC now owns 30,737 shares of the gold and copper producer’s stock worth $1,182,000 after acquiring an additional 17,149 shares during the period. Citizens Financial Group Inc. RI purchased a new stake in Barrick Mining during the 1st quarter valued at about $283,000. Darwin Wealth Management LLC grew its stake in Barrick Mining by 1,163.2% during the 1st quarter. Darwin Wealth Management LLC now owns 3,158 shares of the gold and copper producer’s stock valued at $129,000 after purchasing an additional 2,908 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Barrick Mining by 15.3% in the first quarter. Sequoia Financial Advisors LLC now owns 35,980 shares of the gold and copper producer’s stock valued at $1,468,000 after purchasing an additional 4,768 shares during the period. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barrick Mining Price Performance

NYSE:B opened at $36.63 on Monday. The company has a 50 day moving average price of $40.16 and a 200-day moving average price of $43.35. Barrick Mining Corporation has a 1-year low of $20.52 and a 1-year high of $54.69. The firm has a market cap of $60.93 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 0.79 and a beta of 0.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The company’s revenue was up 66.7% compared to the same quarter last year. Equities research analysts forecast that Barrick Mining Corporation will post 3.63 EPS for the current year.

Barrick Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, May 29th. Barrick Mining’s payout ratio is currently 19.34%.

Key Barrick Mining News

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

• Positive Sentiment: Barrick is set to provide a fresh earnings update on August 10, which could offer clarity on margins, cash flow, and management outlook ahead of the report. Barrick to Report Second Quarter 2026 Results on August 10
• Neutral Sentiment: Recent commentary noted that Barrick remains supported by its gold and copper exposure, but the stock has also been reacting to weaker gold prices and broader precious-metals volatility. Barrick Mining (TSX:ABX) Following Gold Weakness Is The Bull Case Still Cheap
• Neutral Sentiment: Bank of America reportedly lowered its price target on Barrick to $56 from $58 but kept a buy rating, suggesting analysts still see meaningful upside despite near-term weakness. Barrick price target lowered by Bank of America
• Negative Sentiment: Barrick shares have been pressured recently as softer gold prices weighed on the broader mining sector, reinforcing concern that commodity weakness could limit near-term stock performance. Barrick Mining (TSX:ABX) Following Gold Weakness Is The Bull Case Still Cheap

Analyst Upgrades and Downgrades

B has been the subject of several research analyst reports. UBS Group reduced their price objective on Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Canadian Imperial Bank of Commerce cut their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. Bank of America reduced their price target on shares of Barrick Mining from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday. ATB Cormark Capital Markets downgraded shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Barclays started coverage on shares of Barrick Mining in a report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Barrick Mining presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.46.

About Barrick Mining

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.