Panagora Asset Management Inc. Grows Position in Barrick Mining Corporation $B

Posted by Brenda Bartman on Jun 16th, 2026

Panagora Asset Management Inc. boosted its holdings in shares of Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 362.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 759,333 shares of the gold and copper producer’s stock after acquiring an additional 595,118 shares during the period. Panagora Asset Management Inc.’s holdings in Barrick Mining were worth $33,069,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Bogart Wealth LLC raised its stake in Barrick Mining by 3.5% during the fourth quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock valued at $281,000 after purchasing an additional 218 shares in the last quarter. Mmbg Investment Advisors CO. raised its stake in shares of Barrick Mining by 0.6% in the fourth quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock valued at $1,892,000 after acquiring an additional 254 shares during the period. S.A. Mason LLC raised its stake in shares of Barrick Mining by 1.3% in the fourth quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock valued at $1,007,000 after acquiring an additional 300 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Barrick Mining by 1.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 31,212 shares of the gold and copper producer’s stock valued at $1,359,000 after acquiring an additional 302 shares during the period. Finally, Legacy Financial Advisors Inc. raised its stake in shares of Barrick Mining by 3.9% in the fourth quarter. Legacy Financial Advisors Inc. now owns 8,569 shares of the gold and copper producer’s stock valued at $373,000 after acquiring an additional 319 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. ATB Cormark Capital Markets downgraded shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Canaccord Genuity Group decreased their price objective on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. UBS Group raised their price objective on shares of Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Barclays initiated coverage on shares of Barrick Mining in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price objective for the company. Finally, Weiss Ratings downgraded shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $53.46.

Get Our Latest Stock Report on Barrick Mining

Barrick Mining Trading Up 4.1%

B stock opened at $41.85 on Tuesday. The company has a market capitalization of $69.61 billion, a PE ratio of 11.56, a P/E/G ratio of 1.14 and a beta of 0.43. Barrick Mining Corporation has a 12 month low of $20.35 and a 12 month high of $54.69. The firm’s 50-day moving average is $41.52 and its 200 day moving average is $43.90. 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 quarterly earnings results 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. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The business’s quarterly revenue was up 66.7% compared to the same quarter last year. On average, research analysts anticipate that Barrick Mining Corporation will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 29th. Barrick Mining’s dividend payout ratio (DPR) is currently 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.