Barrick Mining Corporation $B Stock Acquired by Equity Investment Corp

Equity Investment Corp raised its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 3.4% during the third quarter, Holdings Channel.com reports. The fund owned 1,852,805 shares of the gold and copper producer’s stock after buying an additional 61,239 shares during the period. Equity Investment Corp’s holdings in Barrick Mining were worth $75,354,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in B. Brookstone Capital Management grew its position in shares of Barrick Mining by 4.9% during the third quarter. Brookstone Capital Management now owns 6,658 shares of the gold and copper producer’s stock worth $271,000 after purchasing an additional 313 shares in the last quarter. CoreCap Advisors LLC raised its stake in Barrick Mining by 13.6% during the 3rd quarter. CoreCap Advisors LLC now owns 3,019 shares of the gold and copper producer’s stock valued at $123,000 after purchasing an additional 361 shares during the period. AlphaCentric Advisors LLC lifted its holdings in Barrick Mining by 8.0% in the 3rd quarter. AlphaCentric Advisors LLC now owns 5,345 shares of the gold and copper producer’s stock worth $217,000 after purchasing an additional 397 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in Barrick Mining by 1.0% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 41,914 shares of the gold and copper producer’s stock worth $1,710,000 after purchasing an additional 417 shares in the last quarter. Finally, Triumph Capital Management lifted its holdings in Barrick Mining by 15.4% in the 3rd quarter. Triumph Capital Management now owns 3,324 shares of the gold and copper producer’s stock worth $135,000 after purchasing an additional 443 shares in the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Mining Trading Down 6.0%

Shares of Barrick Mining stock opened at $39.75 on Wednesday. The firm has a market cap of $64.73 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 1.32 and a beta of 0.52. The business has a 50-day moving average price of $41.15 and a 200-day moving average price of $41.90. The company has a quick ratio of 2.36, a current ratio of 2.73 and a debt-to-equity ratio of 0.12. Barrick Mining Corporation has a twelve month low of $34.03 and a twelve month high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results on Monday, November 9th. The gold and copper producer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. Barrick Mining had a return on equity of 16.65% and a net margin of 30.32%. The firm had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. The business’s revenue was up 22.3% compared to the same quarter last year. Equities research analysts anticipate that Barrick Mining Corporation will post 3.49 EPS for the current fiscal year.

Barrick Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of $0.1750 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.70 dividend on an annualized basis and a yield of 1.8%. Barrick Mining’s dividend payout ratio is presently 18.04%.

Key Barrick Mining News

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

• Positive Sentiment: Barrick reported third-quarter adjusted earnings of $0.82 per share, above expectations, with revenue of $5.07 billion up 22% year over year. Gold production rose 6% year over year, and the company maintained its 2026 production guidance. Barrick Q3 results
• Positive Sentiment: The company advanced plans for an IPO of American Barrick Gold, which will hold its North American gold assets. The proposed listing could provide a new way to realize value from those assets, though its eventual terms and timing remain important. American Barrick IPO filing
• Neutral Sentiment: JPMorgan lowered its price target to $53 from $55 but kept an Overweight rating, signaling a more cautious valuation while remaining constructive on the shares. JPMorgan rating information
• Negative Sentiment: Cost inflation is weighing on the earnings outlook: gold all-in sustaining costs reached $1,911 per ounce and copper costs were $4.52 per pound. Barrick cited lower grades, higher royalties, diesel prices and local-currency appreciation. Gold’s decline amid higher U.S. inflation data and rising yields added pressure on miner sentiment. Cost and market pressures

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price target on Barrick Mining from $55.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday. Weiss Ratings upgraded shares of Barrick Mining from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Wall Street Zen cut shares of Barrick Mining from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Scotiabank lowered their target price on shares of Barrick Mining from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, August 12th. Finally, RBC Dominion Securities set a $53.00 target price on shares of Barrick Mining and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.47.

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.