23,086 Barrick Mining Corporation $B Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 23.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,414 shares of the gold and copper producer’s stock after selling 23,086 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Barrick Mining were worth $3,026,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ascentis Independent Advisors acquired a new stake in shares of Barrick Mining during the first quarter worth about $28,000. Continuum Advisory LLC acquired a new position in Barrick Mining in the 2nd quarter valued at about $32,000. Allied Private Wealth LLC purchased a new stake in Barrick Mining during the 2nd quarter valued at approximately $35,000. Root Financial Partners LLC purchased a new stake in Barrick Mining during the 3rd quarter valued at approximately $38,000. Finally, Main Street Group LTD acquired a new stake in Barrick Mining during the 1st quarter worth approximately $46,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Barrick Mining

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

• Positive Sentiment: Zacks says Barrick’s history of earnings surprises and favorable estimate-related indicators could set the company up to beat expectations again. This is a signal of potential, not a guarantee of a beat. Article: Why Barrick Mining Could Beat Earnings Estimates Again
• Positive Sentiment: Q3 previews point to higher gold prices and production as potential drivers of earnings growth. Gold above $4,000 could also support the sector’s outlook, though company-specific results will depend on costs and execution. Article: Barrick Mining to Post Q3 Earnings: What’s in the Offing for the Stock?
• Positive Sentiment: Barrick’s reported Pen Gold expansion ahead of planned 2027 drilling may add exploration upside, although any potential contribution is longer-term and depends on drilling results. Article: Barrick Mining Stock Adds Pen Gold Expansion Ahead of 2027 Drilling
• Neutral Sentiment: Scotiabank made modestly mixed changes to its estimates: it trimmed 2026 EPS to $3.60 from $3.61, but raised 2027 EPS to $3.84 from $3.79. It maintained an Outperform rating and a $55 price target.
• Negative Sentiment: Higher operating costs could temper the benefit of stronger gold prices and production in Q3. Article: Barrick Mining to Post Q3 Earnings

Barrick Mining Trading Up 0.4%

NYSE:B opened at $40.51 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.36 and a current ratio of 3.01. Barrick Mining Corporation has a 1 year low of $32.17 and a 1 year high of $54.69. The stock has a fifty day moving average price of $41.32 and a two-hundred day moving average price of $41.98. The stock has a market capitalization of $65.98 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 1.26 and a beta of 0.52.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%. The company’s revenue was up 43.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. As a group, sell-side analysts anticipate that Barrick Mining Corporation will post 3.49 earnings per share for the current fiscal year.

Barrick Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a $0.1750 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. Barrick Mining’s payout ratio is currently 18.04%.

Wall Street Analyst Weigh In

B has been the topic of several analyst reports. Citigroup lifted their target price on Barrick Mining from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Sanford C. Bernstein cut their price target on Barrick Mining from $61.00 to $56.50 and set an “outperform” rating for the company in a research note on Wednesday, September 9th. Weiss Ratings raised Barrick Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Barclays lifted their price objective on shares of Barrick Mining from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada lifted their price objective on shares of Barrick Mining from $49.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.59.

Barrick Mining Profile

Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions.

The company’s gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d’Ivoire, Tanzania and the Democratic Republic of the Congo.