Barrick Mining Corporation $B Shares Bought by Summit Securities Group LLC

Posted by Brian Himes on Jul 10th, 2026

Summit Securities Group LLC raised its holdings in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 203.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 101,400 shares of the gold and copper producer’s stock after acquiring an additional 68,000 shares during the period. Barrick Mining accounts for 0.5% of Summit Securities Group LLC’s holdings, making the stock its 11th biggest holding. Summit Securities Group LLC’s holdings in Barrick Mining were worth $4,136,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FIL Ltd lifted its holdings in shares of Barrick Mining by 85.3% in the 4th quarter. FIL Ltd now owns 30,099,422 shares of the gold and copper producer’s stock valued at $1,311,169,000 after buying an additional 13,853,587 shares during the period. Van ECK Associates Corp grew its holdings in Barrick Mining by 22.8% during the fourth quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer’s stock worth $2,413,699,000 after acquiring an additional 10,287,544 shares during the period. Ameriprise Financial Inc. acquired a new stake in Barrick Mining during the second quarter worth about $211,263,000. Canada Pension Plan Investment Board purchased a new position in Barrick Mining during the second quarter valued at approximately $172,230,000. Finally, Mackenzie Financial Corp raised its position in Barrick Mining by 61.9% during the fourth quarter. Mackenzie Financial Corp now owns 20,591,745 shares of the gold and copper producer’s stock valued at $909,104,000 after acquiring an additional 7,870,411 shares in the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Barrick Mining News Roundup

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

Positive Sentiment: Bank of America lowered its price target on Barrick Mining to $56 from $58 but kept a Buy rating, implying significant upside from current levels and reinforcing a constructive long-term view. Article: Barrick Mining price target lowered by Bank of America
Positive Sentiment: Several recent articles highlight Barrick’s gold-and-copper strategy, which may be helping investors view the company as a leveraged play on precious metals and industrial metals demand. Article: Why Does Barrick Mining Focus on Gold and Copper?
Neutral Sentiment: Commentary about Barrick continuing to bet on Mali adds geopolitical and operational context, but it does not appear to be a major immediate catalyst for the shares. Article: Barrick Mining and B2Gold continue to bet on Mali
Neutral Sentiment: Articles about Barrick gaining S&P 500 attention and being “fully priced” versus a bargain are mostly valuation and market-positioning pieces, suggesting broader investor interest rather than a clear new fundamental driver. Article: Is Barrick Mining Fully Priced, Or Still A Bargain?
Negative Sentiment: Short-term sentiment was pressured earlier by weaker gold prices, which weighed on the precious-metals sector and helped explain some recent weakness in Barrick shares. Article: Barrick Mining Shares Weaken as Gold Prices Extend Decline

Barrick Mining Trading Up 3.1%

Shares of Barrick Mining stock opened at $36.84 on Friday. The firm has a market capitalization of $61.28 billion, a PE ratio of 10.18, a P/E/G ratio of 1.02 and a beta of 0.48. Barrick Mining Corporation has a twelve month low of $20.52 and a twelve month high of $54.69. The firm’s 50-day moving average price is $40.20 and its 200 day moving average price is $43.41. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last posted its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, topping the consensus estimate of $0.80 by $0.18. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.75 billion. Barrick Mining’s revenue for the quarter was up 66.7% on a year-over-year basis. On average, sell-side analysts predict that Barrick Mining Corporation will post 3.76 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.9%. Barrick Mining’s payout ratio is currently 19.34%.

Analyst Ratings Changes

B has been the topic of several recent research reports. ATB Cormark Capital Markets lowered Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings lowered shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. UBS Group decreased their target price on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Barclays started coverage on shares of Barrick Mining in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 target price for the company. Finally, Royal Bank Of Canada dropped their price target on shares of Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Barrick Mining has an average rating of “Moderate Buy” and a consensus price target of $54.46.

Get Our Latest Research Report on Barrick Mining

About Barrick Mining

(Free Report)

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.