Barrick Mining Corporation $B Stock: Sumitomo Mitsui Trust Group Inc. Reduces Holdings

Sumitomo Mitsui Trust Group Inc. trimmed its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 23.7% during the third quarter, HoldingsChannel.com reports. The firm owned 74,414 shares of the gold and copper producer’s stock after selling 23,086 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Barrick Mining were worth $3,026,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vise Technologies Inc. boosted its stake in shares of Barrick Mining by 3.3% in the third quarter. Vise Technologies Inc. now owns 93,674 shares of the gold and copper producer’s stock valued at $3,810,000 after purchasing an additional 3,034 shares during the period. Cidel Asset Management Inc. lifted its holdings in Barrick Mining by 2,215.2% in the third quarter. Cidel Asset Management Inc. now owns 428,313 shares of the gold and copper producer’s stock worth $17,458,000 after acquiring an additional 409,813 shares during the last quarter. MGO One Seven LLC lifted its stake in Barrick Mining by 31.3% in the third quarter. MGO One Seven LLC now owns 32,016 shares of the gold and copper producer’s stock valued at $1,302,000 after buying an additional 7,631 shares during the last quarter. Fusion Capital LLC acquired a new position in Barrick Mining during the 3rd quarter valued at about $4,908,000. Finally, Lebenthal Global Advisors LLC increased its position in Barrick Mining by 7.7% in the 3rd quarter. Lebenthal Global Advisors LLC now owns 51,498 shares of the gold and copper producer’s stock valued at $2,094,000 after acquiring an additional 3,695 shares during the period. Institutional investors and hedge funds 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: Zacks says Barrick’s history of earnings surprises and favorable estimate-related indicators could set the company up to beat expectations again. This is a signal of potential, not a guarantee of a beat. Article: Why Barrick Mining Could Beat Earnings Estimates Again
• Positive Sentiment: Q3 previews point to higher gold prices and production as potential drivers of earnings growth. Gold above $4,000 could also support the sector’s outlook, though company-specific results will depend on costs and execution. Article: Barrick Mining to Post Q3 Earnings: What’s in the Offing for the Stock?
• Positive Sentiment: Barrick’s reported Pen Gold expansion ahead of planned 2027 drilling may add exploration upside, although any potential contribution is longer-term and depends on drilling results. Article: Barrick Mining Stock Adds Pen Gold Expansion Ahead of 2027 Drilling
• Neutral Sentiment: Scotiabank made modestly mixed changes to its estimates: it trimmed 2026 EPS to $3.60 from $3.61, but raised 2027 EPS to $3.84 from $3.79. It maintained an Outperform rating and a $55 price target.
• Negative Sentiment: Higher operating costs could temper the benefit of stronger gold prices and production in Q3. Article: Barrick Mining to Post Q3 Earnings

Wall Street Analyst Weigh In

B has been the subject of several research reports. Weiss Ratings upgraded shares of Barrick Mining from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. boosted their price objective on Barrick Mining from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Bank of America reduced 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 note on Tuesday, August 11th. Sanford C. Bernstein decreased their target price on shares of Barrick Mining from $61.00 to $56.50 and set an “outperform” rating for the company in a report on Wednesday, September 9th. Finally, Royal Bank Of Canada lifted their target price on shares of Barrick Mining from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Barrick Mining currently has an average rating of “Moderate Buy” and a consensus price target of $52.59.

Barrick Mining Stock Performance

Shares of B stock opened at $40.51 on Friday. The company has a market capitalization of $65.98 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 1.26 and a beta of 0.52. Barrick Mining Corporation has a 1-year low of $32.17 and a 1-year high of $54.69. The company has a current ratio of 3.01, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $41.32 and its 200-day simple moving average is $41.98.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%. The firm had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the business earned $0.47 EPS. The business’s revenue for the quarter was up 43.8% on a year-over-year basis. On average, sell-side analysts predict that Barrick Mining Corporation will post 3.49 earnings per share for the current fiscal year.

Barrick Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a $0.1750 dividend. The ex-dividend date was Monday, August 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. Barrick Mining’s dividend payout ratio is currently 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.