NewEdge Advisors LLC Has $1.70 Million Stake in Barrick Mining Corporation $B

NewEdge Advisors LLC lessened its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 58.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,778 shares of the gold and copper producer’s stock after selling 58,738 shares during the period. NewEdge Advisors LLC’s holdings in Barrick Mining were worth $1,704,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Axiom Investment Management LLC bought a new position in Barrick Mining in the first quarter valued at about $2,805,000. Groupe la Francaise grew its holdings in shares of Barrick Mining by 40.0% during the first quarter. Groupe la Francaise now owns 913,511 shares of the gold and copper producer’s stock worth $37,148,000 after purchasing an additional 261,012 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Barrick Mining during the first quarter worth about $65,000. Flax Pond Capital LLC increased its stake in shares of Barrick Mining by 34.4% in the first quarter. Flax Pond Capital LLC now owns 107,943 shares of the gold and copper producer’s stock valued at $4,403,000 after buying an additional 27,600 shares during the period. Finally, Edgestream Partners L.P. increased its stake in shares of Barrick Mining by 10.7% in the first quarter. Edgestream Partners L.P. now owns 10,637 shares of the gold and copper producer’s stock valued at $434,000 after buying an additional 1,026 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Key Barrick Mining News

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

• Positive Sentiment: Gold’s proximity to record highs is improving the outlook for Barrick’s gold production revenue, cash flow and margins. The company also produces copper, providing additional commodity exposure. Barrick Mining in Focus as Gold Stays Near Record Highs
• Positive Sentiment: JPMorgan raised its Barrick price target from $50 to $52 and maintained an “overweight” rating, implying substantial upside from the referenced share price. The target increase signals continued confidence in the company’s valuation and operating outlook.
• Positive Sentiment: Newmont consented to Barrick’s planned North American IPO as part of an agreement resolving disputes related to Nevada Gold Mines. Removing this disclosed transaction hurdle reduces a major execution risk and may help advance the IPO plans. Newmont Removed a Major IPO Risk
• Neutral Sentiment: Despite clearing the IPO obstacle, Barrick shares previously fell more than 6%, indicating that investors may have been focused on valuation, execution uncertainty or profit-taking rather than treating the Newmont agreement as an immediate catalyst. Barrick Mining Cleared Its IPO Hurdle
• Neutral Sentiment: TD lowered its price target to $59, contrasting with JPMorgan’s increase, suggesting analysts remain positive overall but differ on Barrick’s near-term valuation.
• Negative Sentiment: Philippine regulators will review a proposed Marinduque-related settlement amid concerns about rehabilitation obligations. Further scrutiny could create legal, environmental or financial uncertainty for Barrick. DENR to Weigh In on Marinduque-Barrick Settlement

Barrick Mining Stock Up 1.8%

Shares of NYSE B opened at $41.64 on Friday. The company’s 50 day moving average price is $38.27 and its 200-day moving average price is $41.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.01. Barrick Mining Corporation has a 52-week low of $23.43 and a 52-week high of $54.69. The company has a market capitalization of $68.54 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 0.81 and a beta of 0.47.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the prior year, the company posted $0.47 earnings per share. Barrick Mining’s revenue for the quarter was up 43.8% compared to the same quarter last year. Equities analysts forecast that Barrick Mining Corporation will post 3.51 earnings per share for the current year.

Barrick Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.70 dividend on an annualized basis and a yield of 1.7%. Barrick Mining’s dividend payout ratio is 18.04%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on B. Barclays lifted their target price on shares of Barrick Mining from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Barrick Mining from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday. Bank of America dropped their price target on shares of Barrick Mining from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday. Wall Street Zen lowered shares of Barrick Mining from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Citigroup reissued a “positive” rating on shares of Barrick Mining in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.57.

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.