Barrick Mining Corporation $B Shares Newly Acquired by Cantor Fitzgerald Investment Advisors L.P.

Key Points

• Cantor Fitzgerald Investment Advisors acquired 57,900 Barrick Mining shares worth approximately $2.36 million in the third quarter. Institutional investors collectively own 90.82% of the company.
• Barrick reported strong quarterly results, with revenue up 43.8% year over year and EPS of $0.82 versus an estimated $0.81, but attributable free cash flow declined to $141 million from $212 million.
• Analyst sentiment remains moderately bullish but mixed: Barrick has a consensus “Moderate Buy” rating and a $53.04 target price, while some firms have lowered targets amid concerns about valuation, execution and cash generation.

Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 57,900 shares of the gold and copper producer's stock, valued at approximately $2,355,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Axxcess Wealth Management LLC raised its stake in shares of Barrick Mining by 25.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 13,185 shares of the gold and copper producer's stock worth $536,000 after buying an additional 2,663 shares in the last quarter. Income Insurance Ltd acquired a new stake in shares of Barrick Mining in the 3rd quarter valued at approximately $203,000. Pinnacle Associates Ltd. lifted its holdings in shares of Barrick Mining by 42.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 56,418 shares of the gold and copper producer's stock valued at $2,295,000 after buying an additional 16,768 shares during the period. Uncommon Cents Investing Inc lifted its holdings in shares of Barrick Mining by 7.1% in the 3rd quarter. Uncommon Cents Investing Inc now owns 122,315 shares of the gold and copper producer's stock valued at $4,975,000 after buying an additional 8,150 shares during the period. Finally, Diversify Advisory Services LLC boosted its stake in shares of Barrick Mining by 61.5% in the third quarter. Diversify Advisory Services LLC now owns 90,724 shares of the gold and copper producer's stock valued at $3,679,000 after buying an additional 34,547 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company's stock.

Barrick Mining News Roundup

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

• Positive Sentiment: JPMorgan raised its price target to $55 and maintained an “overweight” rating, implying substantial upside from Barrick’s recent trading level. The upgrade reflects confidence in the company’s long-term gold and copper production outlook. JPMorgan price-target update
• Positive Sentiment: A bullish investment analysis argues that Barrick’s tier-one mining assets, exposure to elevated gold prices and potential production growth could support considerable long-term returns, helping explain buying interest in the shares. This $40 Gold Mining Stock Could Turn $5,000 Into a Fortune
• Neutral Sentiment: Wednesday’s gain was relatively modest and lagged the broader market, indicating that positive commodity exposure and analyst support have not yet overcome concerns about execution and cash generation. Barrick Mining Corp. stock rises Wednesday, still underperforms market
• Negative Sentiment: Investors are questioning whether earnings growth is translating into cash flow. Second-quarter net earnings rose 50% year over year to $1.22 billion, but attributable free cash flow fell to $141 million from $212 million, a key concern ahead of next month’s third-quarter report. Barrick Mining Earnings Rose 50%, but Is Cash Flow Keeping Up?
• Negative Sentiment: Analyst opinion is mixed: TD Securities and CIBC recently reduced their price targets, with CIBC cutting its target to $49. These reductions reinforce concerns about valuation, operating execution and near-term cash flow, even as JPMorgan remains bullish. CIBC cuts target for Barrick Mining stock

Analyst Ratings Changes

A number of brokerages recently weighed in on B. Sanford C. Bernstein dropped their price objective on Barrick Mining from $61.00 to $56.50 and set an "outperform" rating on the stock in a report on Wednesday, September 9th. Bank of America cut their price objective on Barrick Mining from $56.00 to $54.00 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Weiss Ratings raised Barrick Mining from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Citigroup raised their target price on Barrick Mining from $41.00 to $45.00 and gave the company a "neutral" rating in a report on Thursday, September 3rd. Finally, Wall Street Zen lowered shares of Barrick Mining from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Barrick Mining has an average rating of "Moderate Buy" and a consensus target price of $53.04.

Barrick Mining Trading Up 0.8%

NYSE:B opened at $40.75 on Thursday. The company has a market capitalization of $66.63 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 1.26 and a beta of 0.48. The company has a quick ratio of 2.36, a current ratio of 3.01 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 52-week low of $30.35 and a 52-week high of $54.69. The stock has a fifty day simple moving average of $42.86 and a 200-day simple moving average of $40.94.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. The business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.10 billion. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The business's revenue for the quarter was up 43.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS. On average, equities research analysts expect that Barrick Mining Corporation will post 3.49 earnings per share for the current fiscal year.

Barrick Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.1750 per share. The ex-dividend date was Monday, August 31st. This represents a $0.70 dividend on an annualized basis and a yield of 1.7%. Barrick Mining's payout ratio is presently 18.04%.

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.

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