Principal Financial Group Inc. grew its position in shares of Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 19.2% during the first quarter, Holdings Channel reports. The fund owned 214,910 shares of the gold and copper producer’s stock after purchasing an additional 34,555 shares during the period. Principal Financial Group Inc.’s holdings in Barrick Mining were worth $8,755,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Caldwell Trust Co increased its stake in shares of Barrick Mining by 6,688.3% in the 4th quarter. Caldwell Trust Co now owns 20,365 shares of the gold and copper producer’s stock worth $887,000 after acquiring an additional 20,065 shares in the last quarter. Gunderson Capital Management Inc. bought a new stake in Barrick Mining during the fourth quarter worth about $8,987,000. Williamson Legacy Group LLC purchased a new stake in Barrick Mining in the fourth quarter worth about $1,315,000. Drummond Knight Asset Management Pty Ltd grew its holdings in Barrick Mining by 14.9% in the fourth quarter. Drummond Knight Asset Management Pty Ltd now owns 1,384,920 shares of the gold and copper producer’s stock worth $60,313,000 after purchasing an additional 179,920 shares during the period. Finally, Great Diamond Partners LLC bought a new position in shares of Barrick Mining during the fourth quarter valued at approximately $2,393,000. Institutional investors own 90.82% of the company’s stock.
Wall Street Analyst Weigh In
B has been the subject of several recent research reports. Citigroup reiterated a “positive” rating on shares of Barrick Mining in a report on Wednesday, July 15th. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings lowered Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Royal Bank Of Canada lowered their price objective on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Finally, Canadian Imperial Bank of Commerce dropped their target price on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.46.
Barrick Mining News Summary
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
Barrick Mining Stock Up 0.0%
Shares of Barrick Mining stock opened at $37.12 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06. The stock has a market capitalization 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. Barrick Mining Corporation has a 52-week low of $20.94 and a 52-week high of $54.69. The company has a 50-day simple moving average of $38.86 and a two-hundred day simple moving average of $42.74.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last posted its quarterly 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. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The business’s revenue was up 66.7% on a year-over-year basis. On average, 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 given a $0.175 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 annualized dividend and a yield of 1.9%. Barrick Mining’s dividend payout ratio is 19.34%.
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.
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