GK Wealth Management LLC Acquires Shares of 20,024 Barrick Mining Corporation $B

GK Wealth Management LLC bought a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 20,024 shares of the gold and copper producer’s stock, valued at approximately $656,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. purchased a new position in Barrick Mining in the 2nd quarter worth about $1,459,633,000. Arrowstreet Capital Limited Partnership purchased a new stake in Barrick Mining in the 2nd quarter valued at about $1,091,122,000. First Eagle Investment Management LLC bought a new position in Barrick Mining in the 2nd quarter worth about $822,056,000. TD Asset Management Inc bought a new position in Barrick Mining in the 2nd quarter worth about $386,328,000. Finally, CIBC Asset Management Inc increased its position in shares of Barrick Mining by 316.0% during the third quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock worth $601,115,000 after acquiring an additional 13,891,886 shares during the period. 90.82% of the stock is owned by hedge funds and other institutional investors.

More Barrick Mining News

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

• Positive Sentiment: ATB Cormark upgraded Barrick to a “moderate buy,” giving the stock near-term support from a broker-level sentiment shift. ATB Cormark upgrade (Zacks)
• Positive Sentiment: Plans to IPO/top-shelf North American gold assets are being presented as a value-unlocking move that recasts Barrick’s risk profile and could boost NAV-based valuation if executed cleanly. Barrick Mining IPO Of Top Gold Assets Reshapes Risk And Valuation
• Positive Sentiment: Zacks highlighted Barrick as a top long-term value stock, reinforcing the narrative that the company’s fundamentals, dividend profile and commodity exposure make it attractive to value investors. Why Barrick Mining (B) is a Top Value Stock for the Long-Term
• Neutral Sentiment: Barrick named new board members, a governance change that may matter over the medium term for oversight and IPO execution but is not an immediate earnings driver. Barrick Mining names new Board members
• Neutral Sentiment: Analyst coverage is mixed — UBS trimmed its target while other banks (e.g., CIBC) turned more bullish — creating short-term price volatility as the market digests divergent forecasts. Barrick Mining Corporation (B) Draws Mixed Views as UBS Cuts Target and CIBC Turns More Bullish
• Negative Sentiment: Newmont has publicly pressed Barrick to fix performance at Nevada operations ahead of the planned IPO, highlighting operational risks that could delay or reduce the IPO’s upside if not resolved. Newmont presses Barrick on Nevada performance ahead of IPO
• Negative Sentiment: Macro/sector commentary warns gold miners could be due for a pullback, which creates downside risk independent of company-specific catalysts. 3 Contrarian “Buy the Dip” Picks—and One Area to Avoid (B)

Barrick Mining Trading Up 0.7%

Shares of NYSE:B opened at $46.97 on Wednesday. The company has a market capitalization of $78.69 billion, a PE ratio of 16.03, a P/E/G ratio of 0.39 and a beta of 0.40. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 12-month low of $17.00 and a 12-month high of $54.69. The business’s fifty day simple moving average is $46.12 and its 200-day simple moving average is $36.28.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The company’s revenue was up 44.6% on a year-over-year basis. As a group, equities research analysts predict that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, February 27th. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s payout ratio is presently 57.34%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Cormark raised shares of Barrick Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. Bank of America upgraded Barrick Mining from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $38.00 to $48.00 in a report on Monday, November 24th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $71.00 target price on shares of Barrick Mining in a report on Wednesday, February 4th. Atb Cormark Cm raised Barrick Mining to a “moderate buy” rating in a research report on Monday. Finally, TD Cowen restated a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Barrick Mining currently has an average rating of “Moderate Buy” and an average target price of $53.58.

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.