Barrick Mining Corporation (NYSE:B – Get Free Report) (TSE:ABX)’s share price gapped down prior to trading on Monday . The stock had previously closed at $43.68, but opened at $41.22. Barrick Mining shares last traded at $39.9070, with a volume of 8,719,447 shares changing hands.
Key Headlines Impacting Barrick Mining
Here are the key news stories impacting Barrick Mining this week:
- Positive Sentiment: Barrick and Newmont settled their longstanding Nevada Gold Mines joint-venture dispute. The agreement includes a reported $1.95 billion cash payment to Barrick, contributions of excluded properties and Newmont’s consent to Barrick’s proposed North American IPO, potentially unlocking value and removing a major source of uncertainty. Barrick and Newmont Reach Agreement Regarding Nevada Gold Mines Joint Venture
- Positive Sentiment: Second-quarter adjusted earnings were $0.82 per share, up from $0.47 a year earlier, while revenue increased 43.8% year over year. Barrick cited stronger gold and copper prices as a key benefit. Some published estimates put the quarter’s consensus at $0.81, indicating a modest beat on that measure. Barrick Reports Second Quarter 2026 Results
- Positive Sentiment: The company declared a quarterly dividend of $0.175 per share, payable September 15 to shareholders of record August 31, reinforcing Barrick’s shareholder-return program. Barrick Declares Q2 Dividend
- Neutral Sentiment: Barrick named leadership for the planned North American spinoff, a step toward executing the IPO but also a sign that the company is entering a significant corporate restructuring.
- Negative Sentiment: Several reports characterized adjusted EPS as a miss against a higher $0.84 consensus estimate. The conflicting estimates may explain why investors reacted negatively despite the year-over-year improvement. Barrick Mining shares slide on second quarter earnings miss
- Negative Sentiment: Investors have expressed opposition to spinning off Barrick’s North American gold assets, arguing the plan could separate some of the company’s most valuable operations and create execution, governance and valuation risks. Barrick chairman’s planned overhaul meets investor backlash
Analyst Ratings Changes
Several brokerages have weighed in on B. JPMorgan Chase & Co. dropped their price objective on Barrick Mining from $58.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Wall Street Zen cut shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Barclays dropped their price target on shares of Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Citigroup restated a “positive” rating on shares of Barrick Mining in a report on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce reduced their price objective on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.46.
Barrick Mining Stock Down 6.4%
The business has a fifty day moving average of $38.37 and a 200 day moving average of $42.04. 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 market cap of $67.28 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.93 and a beta of 0.47.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last issued its earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The business’s revenue for the quarter was up 43.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 EPS. On average, equities research analysts predict that Barrick Mining Corporation will post 3.57 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. CW Advisors LLC bought a new position in shares of Barrick Mining during the second quarter worth $283,000. EverSource Wealth Advisors LLC acquired a new stake in Barrick Mining during the 2nd quarter worth $53,000. First Trust Advisors LP bought a new position in Barrick Mining during the second quarter worth about $857,000. Baird Financial Group Inc. bought a new position in Barrick Mining during the second quarter worth about $2,569,000. Finally, Cresset Asset Management LLC acquired a new position in Barrick Mining in the second quarter valued at about $543,000. Institutional investors and hedge funds own 90.82% of the company’s stock.
Barrick Mining Company 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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