Bank of New York Mellon Corp Reduces Holdings in Barrick Mining Corporation $B

Bank of New York Mellon Corp lowered its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 1.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,884,086 shares of the gold and copper producer’s stock after selling 23,937 shares during the period. Bank of New York Mellon Corp owned 0.11% of Barrick Mining worth $76,852,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. grew its holdings in shares of Barrick Mining by 13.9% during the first quarter. Hillsdale Investment Management Inc. now owns 1,327,142 shares of the gold and copper producer’s stock worth $54,223,000 after buying an additional 161,641 shares in the last quarter. Retirement Planning Group LLC acquired a new stake in shares of Barrick Mining in the first quarter valued at about $222,000. Legacy Capital Group California Inc. purchased a new position in shares of Barrick Mining in the first quarter worth about $637,000. Bleakley Financial Group LLC lifted its stake in shares of Barrick Mining by 14.7% in the first quarter. Bleakley Financial Group LLC now owns 66,468 shares of the gold and copper producer’s stock worth $2,711,000 after buying an additional 8,519 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Barrick Mining by 19.2% during the first quarter. Principal Financial Group Inc. now owns 214,910 shares of the gold and copper producer’s stock worth $8,755,000 after acquiring an additional 34,555 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Up 4.3%

Shares of NYSE B opened at $36.39 on Wednesday. The company has a market capitalization of $60.52 billion, a P/E ratio of 10.05, a P/E/G ratio of 0.76 and a beta of 0.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. The company has a 50 day simple moving average of $39.19 and a 200-day simple moving average of $42.89. Barrick Mining Corporation has a 1 year low of $20.94 and a 1 year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.Barrick Mining’s quarterly revenue was up 66.7% compared to the same quarter last year. On average, equities research analysts predict that Barrick Mining Corporation will post 3.61 earnings per share for the current year.

Barrick Mining Cuts Dividend

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

Key Stories Impacting Barrick Mining

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on B. UBS Group dropped their price target on Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Canadian Imperial Bank of Commerce reduced their price objective on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 21st. Bank of America lowered their price objective on Barrick Mining from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. JPMorgan Chase & Co. dropped their target price on Barrick Mining from $58.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Barrick Mining presently has a consensus rating of “Moderate Buy” and an average price target of $52.46.

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.