Allspring Global Investments Holdings LLC Increases Position in Barrick Mining Corporation $B

Allspring Global Investments Holdings LLC lifted its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,679,059 shares of the gold and copper producer’s stock after buying an additional 96,000 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.10% of Barrick Mining worth $74,013,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of B. Cary Street Partners Investment Advisory LLC grew its position in Barrick Mining by 19.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,260 shares of the gold and copper producer’s stock valued at $74,000 after acquiring an additional 373 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Barrick Mining by 4.7% during the third quarter. Brown Brothers Harriman & Co. now owns 8,770 shares of the gold and copper producer’s stock worth $287,000 after purchasing an additional 391 shares during the last quarter. Legend Financial Advisors Inc. boosted its stake in shares of Barrick Mining by 0.9% during the third quarter. Legend Financial Advisors Inc. now owns 45,139 shares of the gold and copper producer’s stock valued at $1,479,000 after purchasing an additional 399 shares during the period. Banque Transatlantique SA boosted its stake in shares of Barrick Mining by 4.2% during the third quarter. Banque Transatlantique SA now owns 9,950 shares of the gold and copper producer’s stock valued at $326,000 after purchasing an additional 400 shares during the period. Finally, Ascent Group LLC grew its holdings in shares of Barrick Mining by 2.9% in the third quarter. Ascent Group LLC now owns 14,514 shares of the gold and copper producer’s stock worth $476,000 after purchasing an additional 404 shares during the last quarter. 90.82% of the stock is owned by institutional investors.

Barrick Mining Stock Performance

B stock opened at $40.76 on Wednesday. Barrick Mining Corporation has a 1-year low of $17.00 and a 1-year high of $54.69. The business has a 50-day moving average price of $45.76 and a 200 day moving average price of $41.08. The company has a market capitalization of $68.28 billion, a P/E ratio of 13.91, a PEG ratio of 1.27 and a beta of 0.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33.

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

Barrick Mining Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 annualized dividend and a yield of 4.1%. Barrick Mining’s dividend payout ratio is 57.34%.

Analyst Upgrades and Downgrades

Several research firms recently commented on B. Jefferies Financial Group reaffirmed a “buy” rating and issued a $55.00 price target on shares of Barrick Mining in a research note on Sunday, December 7th. UBS Group dropped their target price on shares of Barrick Mining from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Scotiabank raised their target price on shares of Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. DZ Bank raised shares of Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. Finally, BNP Paribas Exane raised shares of Barrick Mining to a “neutral” rating and set a $50.00 price target for the company in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Barrick Mining presently has an average rating of “Moderate Buy” and a consensus target price of $54.83.

Key Stories Impacting Barrick Mining

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

• Positive Sentiment: Bloomberg reports Barrick has created a new leadership group to pursue a North American IPO (the “NewCo” split). Investors see an IPO as a near-term catalyst that could unlock value through a sum-of-the-parts re‑rating and attract interest for the North American asset package. Read More.
• Positive Sentiment: Market-driven tailwind: stronger gold prices have pushed Barrick shares higher as investors favor large gold producers for exposure to rising bullion. Coverage noting a surge tied to gold helped lift sentiment. Read More.
• Positive Sentiment: Analyst/investor thesis: recent write-ups highlight structural gold demand, Barrick’s asset-spin catalysts and its copper growth strategy (targeting ~40% of EBITDA by 2030) as multi-year upside drivers — reinforcing the idea that a NewCo IPO + copper mix could boost multiples. Read More.
• Neutral Sentiment: Smaller industry/asset news: an article notes a junior, Dateline Resources, seeking funds to develop a former Barrick site — relevant to regional exploration narratives but unlikely to move Barrick’s share price materially. Read More.
• Negative Sentiment: UBS trimmed its price target on Barrick to $50, signaling some analyst caution about near-term upside even as structural and spin catalysts are discussed; this could cap gains or slow upgrades until more IPO execution detail arrives. Read More.

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.