Confluence Wealth Services Inc. Invests $861,000 in Barrick Mining Corporation $B

Confluence Wealth Services Inc. purchased a new stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the third quarter, according to its most recent filing with the SEC. The firm purchased 26,285 shares of the gold and copper producer’s stock, valued at approximately $861,000.

A number of other institutional investors have also recently bought and sold shares of the company. Ascent Group LLC grew its holdings in shares of Barrick Mining by 2.9% in the 3rd quarter. Ascent Group LLC now owns 14,514 shares of the gold and copper producer’s stock valued at $476,000 after buying an additional 404 shares during the period. Nexus Investment Management ULC raised its position in shares of Barrick Mining by 39.4% during the third quarter. Nexus Investment Management ULC now owns 2,300 shares of the gold and copper producer’s stock worth $75,000 after purchasing an additional 650 shares during the period. Arlington Trust Co LLC bought a new position in shares of Barrick Mining during the 3rd quarter valued at about $26,000. Hedges Asset Management LLC lifted its holdings in shares of Barrick Mining by 1.7% during the 3rd quarter. Hedges Asset Management LLC now owns 61,000 shares of the gold and copper producer’s stock valued at $1,999,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Fruth Investment Management grew its position in shares of Barrick Mining by 5.3% in the 3rd quarter. Fruth Investment Management now owns 19,800 shares of the gold and copper producer’s stock valued at $648,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analyst Ratings Changes

B has been the topic of several research analyst reports. Cormark upgraded shares of Barrick Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 11th. Raymond James Financial raised their price objective on shares of Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Scotiabank upgraded Barrick Mining from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $27.50 to $43.00 in a report on Thursday, October 23rd. Bank of America upgraded Barrick Mining from a “neutral” rating to a “buy” rating and boosted their price target for the company from $38.00 to $48.00 in a report on Monday, November 24th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Barrick Mining in a research report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Barrick Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.17.

Barrick Mining News Summary

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

• Positive Sentiment: Analysts argue Barrick is a “tier‑one” gold/copper producer with strong leverage to rising metals prices; margins and earnings could accelerate if metals stay firm, supporting upside vs. peers. Barrick Mining: A Tier One Producer Ready To Rally Hard
• Positive Sentiment: Another bullish note highlights growth catalysts — Fourmile (Nevada) discovery, potential mine expansions and an IPO/spin‑off of Nevada/Pueblo Viejo assets that could unlock valuation multiple. These are medium‑term re‑rating catalysts if management executes. Barrick Mining: Don’t Miss This Gold Mine Expansion And IPO Re‑Rating Story
• Positive Sentiment: Egypt engagement: Egypt’s petroleum minister reviewed Barrick’s gold exploration program, signalling potential new jurisdictional upside and exploration optionality outside higher‑risk West African exposure. Petroleum minister reviews Barrick Gold’s program for gold exploration in Egypt
• Neutral Sentiment: Valuation/positioning notes: Several market pieces ask whether the recent ~1‑yr run (large share gains) leaves Barrick fully priced; these discuss stretched near‑term multiples although many see longer‑term upside — useful context for risk/reward but not an immediate catalyst. Is It Too Late To Consider Barrick Mining (B) After Its 1-Year 221% Share Price Surge
• Neutral Sentiment: Another valuation review assesses Barrick after strong momentum and earnings growth; helpful for longer‑term allocation decisions but doesn’t change near‑term production risk. Assessing Barrick Mining (NYSE:B) Valuation After Strong Share Price Momentum And Earnings Growth
• Negative Sentiment: Mali dispute: Barrick confirmed a significant output decline tied to its standoff in Mali — this removed a mid‑teens percentage of attributable production and is a direct hit to near‑term volumes and cash flow, a clear downside catalyst for the stock. Barrick Gold Confirms Significant Output Decline Following Mali Dispute
• Negative Sentiment: Industry data: Mali’s industrial gold output has plunged amid the Barrick standoff, underscoring the scale of disrupted production and raising near‑term supply/earnings uncertainty for Barrick. Mali industrial gold output plummets on Barrick standoff
• Negative Sentiment: Operational weakness: Barrick’s Q3 gold sales fell ~13% Y/Y and the company flagged output issues at certain mines, which clouds 2025 production targets and near‑term guidance. Barrick Mining’s Gold Sales Drop Y/Y in Q3: Will It Rebound in Q4?
• Negative Sentiment: Analyst action: Zacks Research downgraded Barrick from “strong‑buy” to “hold,” reflecting near‑term execution and/or valuation concerns — a sentiment headwind for the stock. Zacks downgrade / coverage note

Barrick Mining Stock Performance

B opened at $48.68 on Friday. The business’s 50-day simple moving average is $42.65 and its 200 day simple moving average is $32.92. Barrick Mining Corporation has a 52-week low of $15.47 and a 52-week high of $50.51. 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 $81.56 billion, a PE ratio of 23.52, a PEG ratio of 0.41 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share 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 analysts’ expectations of $4.20 billion. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The firm’s revenue was up 23.2% on a year-over-year basis. During the same period last year, the business earned $0.09 earnings per share. As a group, sell-side analysts expect that Barrick Mining Corporation will post 1.47 earnings per share 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 issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 28th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s payout ratio is currently 33.82%.

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.