Envestnet Asset Management Inc. Increases Stake in Barrick Mining Corporation $B

Envestnet Asset Management Inc. grew its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 29.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,091,934 shares of the gold and copper producer’s stock after buying an additional 248,572 shares during the period. Envestnet Asset Management Inc. owned approximately 0.06% of Barrick Mining worth $35,783,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in B. Legend Financial Advisors Inc. raised its holdings in Barrick Mining by 0.9% in the 3rd quarter. Legend Financial Advisors Inc. now owns 45,139 shares of the gold and copper producer’s stock worth $1,479,000 after acquiring an additional 399 shares during the last quarter. Ascent Group LLC lifted its holdings in shares of Barrick Mining by 2.9% during the third quarter. Ascent Group LLC now owns 14,514 shares of the gold and copper producer’s stock valued at $476,000 after purchasing an additional 404 shares in the last quarter. Nexus Investment Management ULC boosted 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 valued at $75,000 after buying an additional 650 shares during the last quarter. Arlington Trust Co LLC bought a new stake in Barrick Mining in the 3rd quarter worth about $26,000. Finally, Hedges Asset Management LLC raised its position in Barrick Mining by 1.7% in the 3rd quarter. Hedges Asset Management LLC now owns 61,000 shares of the gold and copper producer’s stock worth $1,999,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Trading Up 1.8%

B stock opened at $47.78 on Thursday. The company has a market capitalization of $80.04 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 0.39 and a beta of 0.40. Barrick Mining Corporation has a 1-year low of $17.00 and a 1-year high of $54.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33. The business has a 50 day simple moving average of $46.27 and a two-hundred day simple moving average of $36.36.

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. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. The business’s revenue was up 44.6% on a year-over-year basis. Research analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, February 27th. This represents a $1.68 annualized dividend and a dividend yield of 3.5%. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio is currently 23.89%.

Wall Street Analyst Weigh In

B has been the subject of a number of research analyst reports. JPMorgan Chase & Co. started coverage on shares of Barrick Mining in a research note on Thursday, January 29th. They issued an “overweight” rating and a $68.00 price target for the company. Citigroup boosted their target price on shares of Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday. UBS Group set a $55.00 price target on Barrick Mining in a research note on Friday, February 6th. TD Cowen reaffirmed a “buy” rating on shares of Barrick Mining in a report on Wednesday, November 26th. Finally, Zacks Research downgraded Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Barrick Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.58.

Trending Headlines about Barrick Mining

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

• Positive Sentiment: Stifel raised its price target sharply to C$95 and issued a Buy rating — a strong bullish, high‑conviction call that can attract momentum and institutional attention given the size of the revision. Read More.
• Positive Sentiment: ATB Cormark upgraded Barrick to a “moderate buy” — another analyst upgrade supporting demand from discretionary investors and funds that follow analyst sentiment. Read More.
• Positive Sentiment: Barrick’s plan to IPO/top-list North American gold assets (and recast leadership) is being widely reported — an IPO or carve‑out can materially change how the market values North American operations (separating growth/risk profiles, unlocking hidden value). This restructuring narrative is a primary driver of the re‑rating. Read More.
• Positive Sentiment: Barrick named new board members — governance refresh that typically accompanies major strategic moves (IPOs/spin‑offs) and can reassure investors about execution capacity. Read More.
• Neutral Sentiment: Citi raised its price target to $48 but kept a Neutral rating — the PT bump is supportive, but the maintained Neutral suggests caution that upside may be measured until strategy execution (IPO/spin‑off) and operational metrics are clearer. Read More.
• Neutral Sentiment: Reports that Barrick is considering a formal spin‑off of North American operations indicate a major strategic shift — value‑creative if executed, but timing, tax/structuring details and market appetite remain uncertain. Investors should watch formal announcements and timelines. Read More.
• Negative Sentiment: Newmont publicly urged Barrick to improve output in Nevada — operational shortfalls or public pressure from a large partner can weigh on sentiment and highlight execution risk in a core region. Track Nevada production updates and any management responses. Read More.

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.