Barrick Mining Corporation $B Stock Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 18.7% in the third quarter, Holdings Channel reports. The institutional investor owned 382,888 shares of the gold and copper producer’s stock after selling 88,128 shares during the period. Commonwealth Equity Services LLC’s holdings in Barrick Mining were worth $15,572,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Ascentis Independent Advisors acquired a new stake in Barrick Mining during the first quarter worth approximately $28,000. Continuum Advisory LLC purchased a new stake in Barrick Mining in the second quarter valued at $32,000. Root Financial Partners LLC purchased a new stake in Barrick Mining in the third quarter valued at $38,000. Allied Private Wealth LLC acquired a new position in Barrick Mining in the second quarter valued at $35,000. Finally, Main Street Group LTD purchased a new position in shares of Barrick Mining during the first quarter worth about $46,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Barrick Mining News Summary

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

• Positive Sentiment: Barrick reported third-quarter adjusted earnings of $0.82 per share, above expectations, with revenue of $5.07 billion up 22% year over year. Gold production rose 6% year over year, and the company maintained its 2026 production guidance. Barrick Q3 results
• Positive Sentiment: The company advanced plans for an IPO of American Barrick Gold, which will hold its North American gold assets. The proposed listing could provide a new way to realize value from those assets, though its eventual terms and timing remain important. American Barrick IPO filing
• Neutral Sentiment: JPMorgan lowered its price target to $53 from $55 but kept an Overweight rating, signaling a more cautious valuation while remaining constructive on the shares. JPMorgan rating information
• Negative Sentiment: Cost inflation is weighing on the earnings outlook: gold all-in sustaining costs reached $1,911 per ounce and copper costs were $4.52 per pound. Barrick cited lower grades, higher royalties, diesel prices and local-currency appreciation. Gold’s decline amid higher U.S. inflation data and rising yields added pressure on miner sentiment. Cost and market pressures

Barrick Mining Price Performance

Shares of NYSE:B opened at $39.75 on Wednesday. Barrick Mining Corporation has a 52 week low of $34.03 and a 52 week high of $54.69. The company has a quick ratio of 2.36, a current ratio of 2.73 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $41.15 and a 200 day moving average price of $41.90. The company has a market cap of $64.73 billion, a P/E ratio of 10.14, a PEG ratio of 1.32 and a beta of 0.52.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Monday, November 9th. The gold and copper producer reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Barrick Mining had a net margin of 30.32% and a return on equity of 16.65%. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 EPS. Research analysts predict that Barrick Mining Corporation will post 3.49 earnings per share for the current year.

Barrick Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a $0.1750 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.8%. Barrick Mining’s payout ratio is currently 18.04%.

Wall Street Analyst Weigh In

Several research firms have commented on B. Royal Bank Of Canada lifted their price target on Barrick Mining from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Weiss Ratings raised shares of Barrick Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Sanford C. Bernstein reduced their price target on shares of Barrick Mining from $61.00 to $56.50 and set an “outperform” rating for the company in a research report on Wednesday, September 9th. JPMorgan Chase & Co. reduced their price target on shares of Barrick Mining from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Barclays increased their price target on shares of Barrick Mining from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $52.47.

Barrick Mining Profile

Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions. The company’s gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d’Ivoire, Tanzania and the Democratic Republic of the Congo.