Barrick Mining Corporation $B Shares Purchased by Equity Investment Corp

Equity Investment Corp lifted its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,852,805 shares of the gold and copper producer’s stock after purchasing an additional 61,239 shares during the period. Equity Investment Corp owned about 0.11% of Barrick Mining worth $75,354,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in B. Ascentis Independent Advisors bought a new stake in Barrick Mining during the first quarter valued at approximately $28,000. Continuum Advisory LLC purchased a new stake in Barrick Mining during the second quarter valued at approximately $32,000. Root Financial Partners LLC purchased a new stake in Barrick Mining during the third quarter valued at approximately $38,000. Allied Private Wealth LLC bought a new position in Barrick Mining in the second quarter worth approximately $35,000. Finally, Main Street Group LTD bought a new position in Barrick Mining in the first quarter worth approximately $46,000. Institutional investors own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on B shares. Weiss Ratings upgraded shares of Barrick Mining from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Bank of America cut their price objective on shares of Barrick Mining from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. JPMorgan Chase & Co. reduced their price objective on Barrick Mining from $55.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday. Canadian Imperial Bank of Commerce cut Barrick Mining from a “sector outperform” rating to a “neutral” rating and decreased their target price for the stock from $57.00 to $49.00 in a report on Friday, October 16th. Finally, RBC Dominion Securities set a $53.00 target price on Barrick Mining and gave the company an “outperform” rating in a research report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.47.

More 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

Barrick Mining Trading Down 6.0%

Barrick Mining stock opened at $39.75 on Wednesday. The firm has a 50 day moving average of $41.15 and a 200 day moving average of $41.90. The firm has a market capitalization of $64.73 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 1.32 and a beta of 0.52. Barrick Mining Corporation has a 12-month low of $34.03 and a 12-month high of $54.69. The company has a current ratio of 2.73, a quick ratio of 2.36 and a debt-to-equity ratio of 0.12.

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

Barrick Mining Announces Dividend

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

About Barrick Mining

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.