Gabelli Funds LLC Reduces Stock Position in Barrick Mining Corporation $B

Posted by Brenda Bartman on Jul 25th, 2026

Gabelli Funds LLC trimmed its holdings in shares of Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 7.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,118,565 shares of the gold and copper producer’s stock after selling 90,000 shares during the quarter. Gabelli Funds LLC’s holdings in Barrick Mining were worth $45,626,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in B. Financial Consulate Inc. grew its position in Barrick Mining by 1,042.0% in the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after acquiring an additional 521 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in Barrick Mining during the fourth quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in Barrick Mining during the fourth quarter valued at approximately $26,000. Ascentis Independent Advisors bought a new stake in shares of Barrick Mining in the 1st quarter valued at approximately $28,000. Finally, JPL Wealth Management LLC bought a new stake in shares of Barrick Mining in the 3rd quarter valued at approximately $28,000. Institutional investors own 90.82% of the company’s stock.

Key Barrick Mining News

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

Positive Sentiment: Gold’s strength and expectations for continued central bank buying are keeping Barrick in the spotlight as investors look for miners that can benefit from higher bullion prices. Experts recommend buying gold and silver! Barrick Mining, Newmont, First Majestic Silver, and Desert Gold in focus
Positive Sentiment: Analysts and commentators continue to highlight Barrick as a potential beneficiary of a gold breakout, with some suggesting the stock could reflect bullion’s strength if prices stay elevated. Can Barrick Mining (NYSE:B) Reflect Gold’s Strength as Bullion Keeps Firm This Week?
Positive Sentiment: Barrick announced an exploration program with Midland on the Lewis gold project, adding to the company’s growth pipeline and reinforcing its exploration footprint. Midland, in Partnership with Barrick, Commences an Exploration Program for Gold on the Lewis Project
Positive Sentiment: Barrick also bought a 10% stake in Kingfisher Metals, a move that signals continued interest in securing optionality on prospective mining assets. Barrick Mining Buys 10% Stake in Kingfisher Metals for C$20.9 Million
Neutral Sentiment: Broader market commentary says investors are rotating into gold and silver miners, but this is more of a sector call than a Barrick-specific catalyst. Gold price above USD 4,000 and central bank rally: Barrick Mining, Lahontan Gold, Newmont—time to buy now?
Neutral Sentiment: Barrick said it supports local content rules, a policy stance that may help relationships with host governments but is not an immediate earnings driver. Barrick supports local content rules
Negative Sentiment: A valuation article argues Barrick may be about 15% overvalued on cash flow concerns, suggesting some investors may worry the stock has outpaced fundamentals. Barrick (B) Stock May Be 15% Overvalued On Cash Flow Concerns
Negative Sentiment: JPMorgan reportedly lowered its price target on Barrick to $50, which can signal more cautious expectations from analysts. JPMorgan Chase & Co. Lowers Barrick Mining (NYSE:B) Price Target to $50.00

Analyst Ratings Changes

Several equities analysts have recently weighed in on B shares. UBS Group cut their target price on Barrick Mining from $54.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Citigroup restated a “positive” rating on shares of Barrick Mining in a research report on Wednesday, July 15th. Weiss Ratings lowered shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. ATB Cormark Capital Markets cut shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Wall Street Zen downgraded shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Barrick Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.46.

Read Our Latest Stock Analysis on Barrick Mining

Barrick Mining Stock Down 0.1%

NYSE:B opened at $37.12 on Friday. Barrick Mining Corporation has a 1-year low of $20.94 and a 1-year high of $54.69. The company has a 50-day moving average of $38.86 and a 200 day moving average of $42.76. The firm has a market cap of $61.74 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 0.79 and a beta of 0.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44.

Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last posted its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.75 billion. The company’s revenue for the quarter was up 66.7% compared to the same quarter last year. As a group, research analysts anticipate that Barrick Mining Corporation will post 3.56 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors 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 yield of 1.9%. Barrick Mining’s payout ratio is 19.34%.

Barrick Mining Profile

(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.