Barrick Mining (NYSE:B) Shares Down 1.7% – What’s Next?

Barrick Mining Corporation (NYSE:B) (TSE:ABX) shares traded down 1.7% during mid-day trading on Thursday . The company traded as low as $49.93 and last traded at $52.0640. 24,065,097 shares changed hands during mid-day trading, an increase of 55% from the average session volume of 15,498,284 shares. The stock had previously closed at $52.98.

More Barrick Mining News

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

• Positive Sentiment: JPMorgan initiated coverage with an “Overweight” rating and a $68 price target (~30% upside vs. current levels), a high-profile endorsement that typically attracts institutional flows and lends momentum to the stock. JPMorgan starts Barrick Mining at Overweight
• Positive Sentiment: Multiple analysts have raised price targets on Barrick this morning, signaling improved sell-side sentiment and supporting potential upside in the shares as expectations for cash flow and metal-price exposure firm. Analysts Raise Barrick Mining (B) Price Targets
• Positive Sentiment: Brokerage consensus is constructive—Barrick received an average “Buy” rating from brokerages, which supports medium-term fund buying interest and validates recent positive research activity. Barrick Mining Corporation Receives Average Rating of “Buy”
• Positive Sentiment: Reports point to surging Barrick shares on record metal prices and strategic shifts—strong commodity prices (gold/copper) improve revenue and margin outlooks, which is a fundamental tailwind for the stock. Barrick Gold Shares Surge Amid Record Metal Prices
• Neutral Sentiment: Barrick is scheduled to report quarterly earnings next week; that timing centralizes near-term price risk around the release and guidance. Investors may wait for the print before adding exposure. Barrick Mining Expected to Announce Quarterly Earnings
• Negative Sentiment: Zacks notes Barrick lacks the mix of factors likely to produce an earnings beat in the upcoming report, flagging downside risk if results or guidance disappoint relative to elevated expectations. Barrick Mining (B) Earnings Expected to Grow: What to Know

Analysts Set New Price Targets

Several research analysts have recently issued reports on B shares. UBS Group increased their price objective on shares of Barrick Mining from $39.00 to $47.00 and gave the company a “buy” rating in a report on Monday, December 1st. BNP Paribas Exane upgraded Barrick Mining to a “neutral” rating and set a $50.00 target price for the company in a research report on Friday, December 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. Citigroup raised Barrick Mining from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Finally, Wall Street Zen lowered Barrick Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $50.33.

Barrick Mining Trading Down 1.7%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.33 and a current ratio of 2.94. The firm has a market capitalization of $87.23 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 0.47 and a beta of 0.41. The firm has a 50 day moving average price of $44.86 and a two-hundred day moving average price of $34.56.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.20 billion. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.Barrick Mining’s revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. On average, equities research analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.3%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 28th. Barrick Mining’s payout ratio is 33.82%.

Hedge Funds Weigh In On Barrick Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in B. Vanguard Group Inc. acquired a new stake in Barrick Mining during the 2nd quarter valued at $1,459,633,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Barrick Mining during the second quarter valued at $1,091,122,000. First Eagle Investment Management LLC purchased a new position in shares of Barrick Mining during the second quarter valued at $822,056,000. Capital International Investors raised its position in Barrick Mining by 35.9% during the third quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock valued at $3,340,709,000 after buying an additional 26,921,219 shares during the period. Finally, TD Asset Management Inc purchased a new stake in Barrick Mining in the 2nd quarter worth about $386,328,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

About Barrick Mining

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.