Barrick Mining (NYSE:B) Given New $50.00 Price Target at JPMorgan Chase & Co.

Barrick Mining (NYSE:B) (TSE:ABX) had its target price trimmed by JPMorgan Chase & Co. from $58.00 to $50.00 in a research report released on Tuesday,Benzinga reports. The firm currently has an overweight rating on the gold and copper producer’s stock.

Other equities research analysts also recently issued research reports about the company. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Citigroup reaffirmed a “positive” rating on shares of Barrick Mining in a report on Wednesday, July 15th. Barclays lowered their price target on shares of Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Bank of America reduced their price objective on shares of Barrick Mining from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.46.

Barrick Mining Stock Performance

Shares of B stock opened at $36.39 on Tuesday. The business’s fifty day simple moving average is $39.19 and its 200-day simple moving average is $42.89. Barrick Mining has a 12-month low of $20.94 and a 12-month high of $54.69. The company has a market cap of $60.52 billion, a PE ratio of 10.05, a PEG ratio of 0.76 and a beta of 0.48. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.18. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The business’s quarterly revenue was up 66.7% on a year-over-year basis. Analysts expect that Barrick Mining will post 3.61 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Barrick Mining’s dividend payout ratio (DPR) is 19.34%.

Hedge Funds Weigh In On Barrick Mining

Institutional investors have recently modified their holdings of the business. Enclave Advisors LLC acquired a new position in Barrick Mining in the 4th quarter valued at about $2,395,000. Caldwell Trust Co grew its holdings in Barrick Mining by 6,688.3% during the fourth quarter. Caldwell Trust Co now owns 20,365 shares of the gold and copper producer’s stock worth $887,000 after acquiring an additional 20,065 shares during the period. Gunderson Capital Management Inc. purchased a new position in shares of Barrick Mining in the 4th quarter valued at about $8,987,000. Williamson Legacy Group LLC purchased a new position in Barrick Mining in the fourth quarter valued at about $1,315,000. Finally, Exchange Traded Concepts LLC raised its holdings in Barrick Mining by 24.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 689,661 shares of the gold and copper producer’s stock worth $30,035,000 after purchasing an additional 136,861 shares during the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Barrick Mining News Roundup

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

• Positive Sentiment: Barrick announced a C$20.9 million investment in Kingfisher Metals, signaling continued exploration and growth-focused capital deployment. Barrick Announces Investment in Kingfisher Metals
• Positive Sentiment: JPMorgan kept an overweight rating on Barrick Mining even after lowering its price target to $50 from $58, which still implies meaningful upside from current levels. Benzinga report on JPMorgan price target cut
• Neutral Sentiment: Analyst estimates for Barrick’s FY2026 EPS were lowered, reflecting some caution around near-term earnings expectations. FY2026 EPS Estimates for Barrick Mining Lowered by Analyst
• Neutral Sentiment: Additional coverage suggested Barrick’s corporate moves are attracting market interest, though this appears to be a broad sentiment call rather than a new fundamental development. Barrick Mining Corporate Move Lifts Market Interest

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.