Barrick Mining (NYSE:B) Posts Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Barrick beat quarterly earnings estimates: The company reported EPS of $0.82 versus the $0.81 consensus, up from $0.47 a year earlier, while revenue rose 43.8% year over year.
• Newmont settlement supports the planned North American spinoff: Barrick will reportedly receive $1.95 billion in cash after resolving its Nevada Gold Mines dispute, removing a key obstacle to restructuring its U.S. gold assets.
• Investor sentiment remains mixed: Institutional investors own 90.82% of the stock and analysts maintain a “Moderate Buy” consensus with a $52.46 average price target, but some shareholders continue to question the strategic value and execution of the proposed spinoff.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX issued its earnings results on Monday. The gold and copper producer reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01, Briefing.com reports. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The firm's quarterly revenue was up 43.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS.

Barrick Mining Trading Up 0.0%

Shares of B stock opened at $43.69 on Monday. The company has a market capitalization of $71.91 billion, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 0.93 and a beta of 0.47. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. The business's 50 day moving average is $38.37 and its two-hundred day moving average is $42.04. Barrick Mining has a twelve month low of $22.13 and a twelve month high of $54.69.

Hedge Funds Weigh In On Barrick Mining

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Transamerica Financial Advisors LLC lifted its stake in Barrick Mining by 46.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,281 shares of the gold and copper producer's stock valued at $99,000 after buying an additional 722 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its holdings in shares of Barrick Mining by 42.0% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 1,362 shares of the gold and copper producer's stock worth $62,000 after acquiring an additional 403 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of Barrick Mining by 226.2% in the fourth quarter. Golden State Wealth Management LLC now owns 1,442 shares of the gold and copper producer's stock valued at $63,000 after acquiring an additional 1,000 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. lifted its position in shares of Barrick Mining by 120.0% in the fourth quarter. Sumitomo Mitsui Financial Group Inc. now owns 2,200 shares of the gold and copper producer's stock valued at $97,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Barrick Mining during the third quarter valued at $77,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Mining News Roundup

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

• Positive Sentiment: Newmont dispute resolved: Barrick agreed to settle its longstanding Nevada Gold Mines joint-venture dispute with Newmont, reportedly receiving $1.95 billion in cash. The amended agreement also includes property contributions and removes a major obstacle to Barrick’s planned North American IPO or spinoff. Newmont’s consent gives Barrick greater flexibility to unlock value from its U.S. gold assets. Barrick Mining Settles Newmont Nevada Dispute for $1.95 Billion
• Positive Sentiment: Quarterly earnings beat expectations: Barrick reported second-quarter earnings of $0.82 per share, ahead of the $0.81 consensus estimate and up sharply from $0.47 a year earlier. Revenue increased 43.8% year over year, supported by higher gold and copper prices. The company also declared a quarterly dividend of $0.175 per share, payable September 15 to shareholders of record August 31. Barrick Reports Second Quarter 2026 Results
• Positive Sentiment: Spinoff leadership announced: Barrick named Hill to lead the North American spinoff, providing additional evidence that the transaction is advancing and potentially improving management focus on the new company. Barrick Names Hill North American Spinoff CEO After Newmont Deal
• Neutral Sentiment: Conflicting profit headlines: Some reports described Barrick as missing second-quarter profit estimates, while the reported $0.82 per share exceeded the cited consensus estimate. The discrepancy may reflect different earnings measures or estimates, so investors will focus on the company’s detailed results and outlook. Barrick Mining Beats Q2 Earnings and Revenue Estimates
• Negative Sentiment: Investor backlash remains: Shareholders have questioned the plan to spin off Barrick’s prized North American gold assets, raising concerns about strategic execution, governance and whether the restructuring will create value or separate the company from high-quality mines. Barrick Chairman’s Planned Overhaul Meets Investor Backlash

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. UBS Group cut their price objective on shares of Barrick Mining from $54.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. Wall Street Zen lowered shares of Barrick Mining from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 25th. JPMorgan Chase & Co. reduced their price target on shares of Barrick Mining from $58.00 to $50.00 and set an "overweight" rating for the company in a research report on Tuesday, July 21st. Weiss Ratings restated a "buy (b-)" rating on shares of Barrick Mining in a research note on Friday. Finally, Barclays dropped their price objective on Barrick Mining from $41.00 to $39.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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