Ingalls & Snyder LLC lowered its position in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 94.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,310 shares of the gold and copper producer’s stock after selling 225,516 shares during the quarter. Ingalls & Snyder LLC’s holdings in Barrick Mining were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new position in Barrick Mining during the second quarter valued at approximately $1,459,633,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Barrick Mining during the 2nd quarter valued at $1,091,122,000. First Eagle Investment Management LLC purchased a new stake in Barrick Mining during the 2nd quarter worth $822,056,000. Geode Capital Management LLC acquired a new stake in Barrick Mining in the 2nd quarter valued at $307,855,000. Finally, CIBC Asset Management Inc raised its position in Barrick Mining by 316.0% in the third quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock valued at $601,115,000 after purchasing an additional 13,891,886 shares during the period. 90.82% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have recently weighed in on B. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. Raymond James Financial boosted their price target on Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. ATB Cormark Capital Markets upgraded Barrick Mining to a “moderate buy” rating in a report on Monday, February 9th. TD Cowen reaffirmed a “buy” rating on shares of Barrick Mining in a research report on Wednesday, November 26th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $55.00 target price on shares of Barrick Mining in a research report on Sunday, December 7th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.25.
Barrick Mining Trading Up 3.5%
NYSE:B opened at $48.30 on Thursday. The company has a market capitalization of $80.92 billion, a P/E ratio of 16.49, a P/E/G ratio of 0.38 and a beta of 0.40. The stock’s 50 day moving average price is $46.91 and its 200 day moving average price is $37.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. Barrick Mining Corporation has a 52 week low of $17.00 and a 52 week high of $54.69.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last posted its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The firm had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.15 billion. The firm’s revenue for the quarter was up 44.6% compared to the same quarter last year. On average, research analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.
Barrick Mining Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.5%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, February 27th. Barrick Mining’s dividend payout ratio is 23.89%.
Key Barrick Mining News
Here are the key news stories impacting Barrick Mining this week:
- Positive Sentiment: Record cash flow and earnings beat — Barrick reported strong Q4/FY results (better EPS and revenue, strong gold and copper revenue, disciplined cost control) and management boosted the dividend, strengthening the fundamental case for higher share prices. What’s Happening With Barrick Stock?
- Positive Sentiment: Operational de‑risking: Mali extended the Loulo license for another 10 years, reducing geopolitical/regulatory uncertainty at a material gold asset. That supports production visibility and investor confidence. Loulo license renewed
- Positive Sentiment: Wall‑street interest and favorable positioning — coverage and commentary (including ranking among top foreign stocks) keep institutional attention on Barrick as a top gold/copper exposure after the Q4 beat. InsiderMonkey coverage
- Neutral Sentiment: Analyst target action — Canaccord cut its price target to $77 but kept a “buy” rating, signaling continued upside thesis despite a more conservative valuation view (the new target still implies meaningful upside). Benzinga note on price target
- Neutral Sentiment: Macro commodity backdrop — broader copper/gold demand themes (e.g., strength in copper markets cited for miners generally) can indirectly help Barrick because of its copper exposure, but this is thematic rather than company‑specific. Copper market context (BHP)
- Negative Sentiment: Valuation and guidance uncertainty — several articles call for reassessing Barrick after a large one‑year surge (mid‑double‑digit to 159% in some writeups) and point to a small 2026 production cut that triggered an ~8% pullback, raising near‑term risk that expectations are stretched. Is It Time To Reassess Barrick?
- Negative Sentiment: Mixed earnings signals and pullback risk — valuation pieces highlight that, after rapid gains, mixed signals (production tweaks, payout sizing vs reinvestment) increase volatility risk for short‑term holders. Assessing valuation after pullback
Barrick Mining 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.
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