First Trust Advisors LP Increases Stake in Barrick Mining Corporation $B

Posted by George Bondi on Aug 2nd, 2026

First Trust Advisors LP raised its position in shares of Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 34.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 197,806 shares of the gold and copper producer’s stock after purchasing an additional 50,223 shares during the quarter. First Trust Advisors LP’s holdings in Barrick Mining were worth $8,078,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms recently issued reports on B. JPMorgan Chase & Co. lowered their price objective on Barrick Mining from $58.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Weiss Ratings lowered Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Bank of America decreased their price target on Barrick Mining from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Royal Bank Of Canada lowered their price target on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Barrick Mining has a consensus rating of “Moderate Buy” and a consensus target price of $52.46.

Get Our Latest Stock Analysis on B

Barrick Mining Stock Down 2.6%

B opened at $36.73 on Friday. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $38.49 and a 200-day moving average price of $42.40. Barrick Mining Corporation has a twelve month low of $20.94 and a twelve month high of $54.69. The stock has a market capitalization of $60.45 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 0.78 and a beta of 0.48.

Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last issued its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share 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 company 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% on a year-over-year basis. Equities research analysts forecast that Barrick Mining Corporation will post 3.57 earnings per share for the current year.

Barrick Mining Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a dividend of $0.175 per share. The ex-dividend date 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 currently 19.34%.

Barrick Mining Company 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.