Renaissance Technologies LLC Acquires 4,219,700 Shares of Barrick Mining Corporation $B

Renaissance Technologies LLC grew its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 335.8% in the 1st quarter, Holdings Channel reports. The fund owned 5,476,478 shares of the gold and copper producer’s stock after buying an additional 4,219,700 shares during the period. Renaissance Technologies LLC’s holdings in Barrick Mining were worth $223,386,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Enclave Advisors LLC bought a new position in shares of Barrick Mining in the 4th quarter valued at $2,395,000. Caldwell Trust Co boosted its holdings in shares of Barrick Mining by 6,688.3% during the 4th quarter. Caldwell Trust Co now owns 20,365 shares of the gold and copper producer’s stock valued at $887,000 after acquiring an additional 20,065 shares in the last quarter. Gunderson Capital Management Inc. bought a new stake in Barrick Mining during the 4th quarter worth $8,987,000. Williamson Legacy Group LLC bought a new stake in Barrick Mining during the 4th quarter worth $1,315,000. Finally, Exchange Traded Concepts LLC increased its holdings in Barrick Mining by 24.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 689,661 shares of the gold and copper producer’s stock worth $30,035,000 after purchasing an additional 136,861 shares in the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Barrick Mining

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

• Positive Sentiment: Gold’s strength and expectations for continued central bank buying are keeping Barrick in the spotlight as investors look for miners that can benefit from higher bullion prices. Experts recommend buying gold and silver! Barrick Mining, Newmont, First Majestic Silver, and Desert Gold in focus
• Positive Sentiment: Analysts and commentators continue to highlight Barrick as a potential beneficiary of a gold breakout, with some suggesting the stock could reflect bullion’s strength if prices stay elevated. Can Barrick Mining (NYSE:B) Reflect Gold’s Strength as Bullion Keeps Firm This Week?
• Positive Sentiment: Barrick announced an exploration program with Midland on the Lewis gold project, adding to the company’s growth pipeline and reinforcing its exploration footprint. Midland, in Partnership with Barrick, Commences an Exploration Program for Gold on the Lewis Project
• Positive Sentiment: Barrick also bought a 10% stake in Kingfisher Metals, a move that signals continued interest in securing optionality on prospective mining assets. Barrick Mining Buys 10% Stake in Kingfisher Metals for C$20.9 Million
• Neutral Sentiment: Broader market commentary says investors are rotating into gold and silver miners, but this is more of a sector call than a Barrick-specific catalyst. Gold price above USD 4,000 and central bank rally: Barrick Mining, Lahontan Gold, Newmont—time to buy now?
• Neutral Sentiment: Barrick said it supports local content rules, a policy stance that may help relationships with host governments but is not an immediate earnings driver. Barrick supports local content rules
• Negative Sentiment: A valuation article argues Barrick may be about 15% overvalued on cash flow concerns, suggesting some investors may worry the stock has outpaced fundamentals. Barrick (B) Stock May Be 15% Overvalued On Cash Flow Concerns
• Negative Sentiment: JPMorgan reportedly lowered its price target on Barrick to $50, which can signal more cautious expectations from analysts. JPMorgan Chase & Co. Lowers Barrick Mining (NYSE:B) Price Target to $50.00

Barrick Mining Stock Down 0.1%

Shares of NYSE:B opened at $37.12 on Friday. The firm has a market cap of $61.74 billion, a P/E ratio of 10.25, a P/E/G ratio of 0.79 and a beta of 0.48. Barrick Mining Corporation has a 12-month low of $20.94 and a 12-month high of $54.69. The business has a fifty day simple moving average of $38.86 and a 200 day simple moving average of $42.76. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.18. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.75 billion. The company’s revenue was up 66.7% on a year-over-year basis. Analysts predict that Barrick Mining Corporation will post 3.56 earnings per share for the current year.

Barrick Mining Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Barrick Mining’s dividend payout ratio is currently 19.34%.

Analysts Set New Price Targets

A number of brokerages have recently commented on B. Citigroup reissued a “positive” rating on shares of Barrick Mining in a research note on Wednesday, July 15th. UBS Group lowered 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. Bank of America dropped their price objective on shares of Barrick Mining from $58.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Wall Street Zen downgraded shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Canadian Imperial Bank of Commerce cut their target price on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.46.

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.