Bornite Capital Management LP Invests $32.77 Million in Barrick Mining Corporation $B

Bornite Capital Management LP purchased a new stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,000,000 shares of the gold and copper producer’s stock, valued at approximately $32,770,000. Barrick Mining accounts for approximately 3.0% of Bornite Capital Management LP’s portfolio, making the stock its 13th biggest holding. Bornite Capital Management LP owned 0.06% of Barrick Mining as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new stake in Barrick Mining in the 2nd quarter valued at about $1,459,633,000. Measured Wealth Private Client Group LLC purchased a new position in Barrick Mining during the second quarter worth approximately $696,000. Philadelphia Trust Co. purchased a new stake in Barrick Mining in the 2nd quarter valued at $1,412,000. CIBC Asset Management Inc increased its stake in shares of Barrick Mining by 316.0% in the 3rd quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock worth $601,115,000 after acquiring an additional 13,891,886 shares during the last quarter. Finally, Cadence Wealth Management LLC purchased a new position in shares of Barrick Mining during the 2nd quarter worth $1,112,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

More 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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on B shares. Canaccord Genuity Group cut their price objective on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research report on Wednesday. Cormark upgraded Barrick Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 11th. Raymond James Financial lifted their target price on Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Zacks Research cut Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Finally, Wall Street Zen upgraded shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Barrick Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.25.

Barrick Mining Trading Up 3.5%

Shares of B opened at $48.30 on Thursday. Barrick Mining Corporation has a fifty-two week low of $17.00 and a fifty-two week high of $54.69. The company has a market capitalization of $80.92 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 0.38 and a beta of 0.40. The stock has a fifty day moving average of $46.91 and a two-hundred day moving average of $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 (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The company’s quarterly revenue was up 44.6% on a year-over-year basis. As a group, analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio is currently 23.89%.

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.