Banyan Capital Management Inc. Purchases Shares of 17,300 Barrick Mining Corporation $B

Banyan Capital Management Inc. purchased a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,300 shares of the gold and copper producer’s stock, valued at approximately $567,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Concord Wealth Partners purchased a new stake in Barrick Mining during the 2nd quarter valued at about $26,000. Arlington Trust Co LLC acquired a new stake in shares of Barrick Mining during the third quarter worth about $26,000. Ameriflex Group Inc. acquired a new stake in shares of Barrick Mining during the second quarter worth about $27,000. Trifecta Capital Advisors LLC purchased a new stake in Barrick Mining in the second quarter valued at approximately $27,000. Finally, Bayforest Capital Ltd acquired a new position in Barrick Mining in the 2nd quarter worth approximately $31,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barrick Mining News Roundup

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

• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a $68 price target (about ~30% upside from current levels), citing a valuation gap versus Agnico Eagle that favors Barrick — this is a major institutional endorsement that likely supported higher bids earlier in the session. JPM starts Barrick Mining at Overweight, flags valuation gap versus Agnico Eagle
• Positive Sentiment: Multiple analysts raised price targets and the consensus brokerage view is bullish — recent coverage shifts and upgrades increase the odds of upward revisions to estimates and attract buy-side interest. Analysts Raise Barrick Mining (B) Price Targets
• Positive Sentiment: Macro/commodity support: coverage noting record metal prices and strategic moves at Barrick underpin the company’s cash flow profile and justify premium multiples versus peers, providing fundamental support beyond short-term trading noise. Barrick Gold Shares Surge Amid Record Metal Prices and Strategic Shifts
• Neutral Sentiment: Brokerage consensus remains constructive — Barrick has an average rating of “Buy” from covering firms, which supports medium-term demand but may already be priced in. Barrick Mining Corporation (NYSE:B) Receives Average Rating of “Buy” from Brokerages
• Neutral Sentiment: Upcoming results: Barrick is scheduled to report quarterly earnings next week — that timing is concentrating trading and volatility as investors position around guidance and metal-price sensitivity. Barrick Mining (B) Expected to Announce Quarterly Earnings on Thursday
• Negative Sentiment: Near-term beat odds limited: Zacks notes Barrick lacks the “right combination” of drivers to deliver a likely earnings beat next quarter, which can weaken short-term investor enthusiasm and invite selling into the print. Barrick Mining (B) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Negative Sentiment: Profit?taking and short?term selling pressures have pushed the stock down today on heavier-than-average volume; with shares near recent multi?year highs, some traders are locking gains ahead of the earnings release.

Analyst Ratings Changes

B has been the subject of several research reports. Jefferies Financial Group restated a “buy” rating and set a $55.00 price objective on shares of Barrick Mining in a research note on Sunday, December 7th. CIBC raised their target price on shares of Barrick Mining from $38.00 to $50.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Scotiabank upped their price target on shares of Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a report on Monday. Raymond James Financial lifted their price objective on Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Finally, JPMorgan Chase & Co. started coverage on Barrick Mining in a report on Thursday. They issued an “overweight” rating and a $68.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $50.33.

Barrick Mining Stock Down 1.7%

B stock opened at $52.06 on Friday. Barrick Mining Corporation has a one year low of $16.20 and a one year high of $54.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.33 and a current ratio of 2.94. The firm’s fifty day moving average is $45.18 and its 200 day moving average is $34.69. The firm has a market cap of $87.23 billion, a PE ratio of 25.15, a P/E/G ratio of 0.47 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the prior year, the company posted $0.09 EPS. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, research analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $0.175 dividend. The ex-dividend date of this dividend was Friday, November 28th. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a yield of 1.3%. Barrick Mining’s dividend payout ratio is 33.82%.

Barrick Mining 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.