Red Door Wealth Management LLC Increases Stock Position in Barrick Mining Corporation $B

Red Door Wealth Management LLC boosted its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,220 shares of the gold and copper producer’s stock after purchasing an additional 12,435 shares during the quarter. Red Door Wealth Management LLC’s holdings in Barrick Mining were worth $5,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of B. Quadrature Capital Ltd lifted its stake in Barrick Mining by 113.2% during the third quarter. Quadrature Capital Ltd now owns 3,984,800 shares of the gold and copper producer’s stock worth $130,764,000 after purchasing an additional 2,115,800 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Barrick Mining by 316.0% during the 3rd quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock valued at $601,115,000 after purchasing an additional 13,891,886 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of Barrick Mining during the 3rd quarter valued at about $1,889,000. Truist Financial Corp raised its holdings in shares of Barrick Mining by 46.5% during the 3rd quarter. Truist Financial Corp now owns 65,112 shares of the gold and copper producer’s stock valued at $2,134,000 after buying an additional 20,655 shares in the last quarter. Finally, Picton Mahoney Asset Management raised its holdings in shares of Barrick Mining by 1,673.9% during the 3rd quarter. Picton Mahoney Asset Management now owns 1,577,359 shares of the gold and copper producer’s stock valued at $51,797,000 after buying an additional 1,488,438 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining News Summary

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

• Positive Sentiment: Q4 beat and upgraded shareholder returns — Seeking Alpha highlights Barrick’s 45% revenue growth, 126% EPS growth, a 40% dividend increase and a new framework targeting 50% of free cash flow for dividends/buybacks, underpinning cash generation from key assets. Barrick: You Haven’t Seen Anything Yet
• Positive Sentiment: Institutional accumulation — Banque Pictet increased its stake (reported SEC filing), signaling fresh institutional support that can boost demand for the stock. Barrick Mining Corporation $B Shares Bought by Banque Pictet & Cie SA
• Positive Sentiment: Q4 gold sales momentum — Barrick’s gold sales rose sequentially on NGM performance, supporting near‑term revenue resilience even as production guidance may face variability. Barrick Mining’s Gold Sales Rise in Q4: Can It Keep Up in Q1?
• Neutral Sentiment: Market commentary — Jim Cramer noted gold’s speculative trading and contrasted Barrick with peers, a narrative that can drive short‑term sentiment swings but not change fundamentals. Jim Cramer on Barrick Mining Corporation: “I Don’t Like That, But I Do Like Agnico”
• Neutral Sentiment: Commodities backdrop — Gold and copper faced pressure as the dollar strengthened, which can cap upside for miners in the near term but also creates leverage if metals rebound. Gold Falls as Dollar Rises. Why Mining Stocks Could Outperform.
• Negative Sentiment: Reko Diq slowdown and security risks — Barrick announced it is slowing development at Reko Diq due to escalating security incidents; management warns of significant budget and timeline increases, a material project‑level risk for future copper supply and capex. Barrick Provides an Update on Reko Diq
• Negative Sentiment: Budget & timeline warning — Reporting highlights “significant increases” to budget and schedule for the Pakistan copper project, increasing execution risk and potential near‑term investor caution. Barrick warns of “significant increases” to budget, timeline for Pakistan copper project

Wall Street Analyst Weigh In

B has been the subject of several research reports. DZ Bank raised Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. Jefferies Financial Group reissued a “buy” rating and set a $55.00 price target on shares of Barrick Mining in a research note on Sunday, December 7th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $71.00 price objective on shares of Barrick Mining in a report on Wednesday, February 4th. Citigroup upped their price objective on shares of Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Finally, Zacks Research cut shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Barrick Mining currently has a consensus rating of “Moderate Buy” and an average price target of $54.83.

Barrick Mining Price Performance

B opened at $41.67 on Friday. The stock’s 50 day simple moving average is $45.28 and its 200 day simple moving average is $41.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33. Barrick Mining Corporation has a 1 year low of $17.00 and a 1 year high of $54.69. The firm has a market cap of $69.81 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.36 and a beta of 0.50.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.19. The firm 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 business’s revenue was up 44.6% compared to the same quarter last year. As a group, analysts predict that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, February 27th. This represents a $1.68 dividend on an annualized basis and a yield of 4.0%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio (DPR) is currently 57.34%.

Barrick Mining Company Profile

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.