Barrick Mining Corporation $B Shares Sold by Brickwood Asset Management LLP

Key Points

• Brickwood Asset Management sold 56.4% of its Barrick stake, offloading 1,101,337 shares in Q3 and leaving 852,475 shares; Barrick still represents about 21.2% of Brickwood’s portfolio and was its second-largest holding (≈$27.94M).
• Barrick beat quarterly expectations with $1.04 EPS versus $0.85 expected and $5.98B revenue (up 44.6% year‑over‑year), and raised its quarterly dividend to $0.42 (annualized $1.68, ~3.5% yield).
• Near‑term risks include a Newmont default notice over Nevada Gold Mines and rising unit costs that could pressure margins, even as some analysts raise targets and the consensus remains a "Moderate Buy" (average target ~$55.25).

Brickwood Asset Management LLP lessened its stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 56.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 852,475 shares of the gold and copper producer's stock after selling 1,101,337 shares during the quarter. Barrick Mining comprises about 21.2% of Brickwood Asset Management LLP's investment portfolio, making the stock its 2nd largest holding. Brickwood Asset Management LLP owned about 0.05% of Barrick Mining worth $27,936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Barrick Mining in the 3rd quarter valued at about $213,000. Frisch Financial Group Inc. grew its holdings in Barrick Mining by 7.8% during the third quarter. Frisch Financial Group Inc. now owns 22,162 shares of the gold and copper producer's stock valued at $726,000 after purchasing an additional 1,600 shares during the period. Factory Mutual Insurance Co. bought a new stake in Barrick Mining in the third quarter valued at approximately $1,696,000. Beverly Hills Private Wealth LLC acquired a new stake in Barrick Mining in the third quarter worth $354,000. Finally, Synovus Financial Corp bought a new position in shares of Barrick Mining during the third quarter worth $258,000. Institutional investors own 90.82% of the company's stock.

More Barrick Mining News

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

• Positive Sentiment: Major investor support — a large institutional investor publicly backed Barrick, which can help sentiment and provide buying support amid geopolitical scrutiny. Major Investor Backs Barrick Gold
• Positive Sentiment: Mali settlement and Loulo extension — Barrick’s resolution of a Mali dispute and an extension at the Loulo-Gounkoto complex removes a key overhang on West African operations and clarifies near‑term production prospects. That should support medium-term cash flow visibility. What Barrick Mining's Mali Dispute Settlement Means
• Neutral Sentiment: Peer comparison — recent write-ups comparing Barrick (B) to Kinross (KGC) highlight both firms’ strong projects and rising cash flows; these analyses provide context but don’t change fundamentals on their own. B vs. KGC: Which Gold Mining Stock Is the Better Pick Now?
• Neutral Sentiment: Post-earnings positioning and volatility — market commentary suggests the stock’s pullback is partly profit-taking after a run-up and sensitivity to choppy precious‑metals prices; Barrick’s announced plans (including preparing an IPO of its North American gold assets) add short‑term structural uncertainty. Barrick slides as precious-metals volatility weighs
• Negative Sentiment: Newmont default notice — Newmont has filed a notice of default alleging mismanagement at Nevada Gold Mines, giving Barrick 30 days to remedy under their 2019 JV agreement. That raises governance, legal and operational risk for Barrick’s largest asset and is a material near‑term overhang. Newmont Sends Notice of Default to Barrick
• Negative Sentiment: Rising unit costs — analyst coverage and articles flag higher unit costs that could erode Barrick’s recent profit momentum despite stronger gold prices; this pressure on margins is weighing on near‑term earnings outlooks. Will Barrick Mining's Higher Costs Dent Its Profit Momentum Ahead?
• Negative Sentiment: Analyst caution — at least one broker has issued a pessimistic forecast for Barrick’s stock, adding downward pressure on sentiment and potentially limiting near‑term upside until clarity on costs, the Nevada dispute and the North American IPO plan arrives. Canaccord Genuity Issues Pessimistic Forecast

Barrick Mining Stock Down 1.2%

NYSE:B opened at $47.95 on Friday. The stock has a 50-day simple moving average of $47.11 and a 200 day simple moving average of $37.52. Barrick Mining Corporation has a 52-week low of $17.00 and a 52-week high of $54.69. The company has a market cap of $80.33 billion, a PE ratio of 16.36, a PEG ratio of 0.39 and a beta of 0.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.19. The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The company's revenue for the quarter was up 44.6% on a year-over-year basis. On average, sell-side analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.5%. This is an increase from Barrick Mining's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, February 27th. Barrick Mining's payout ratio is 23.89%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on B shares. Citigroup upped their price objective on shares of Barrick Mining from $38.00 to $48.00 and gave the company a "neutral" rating in a research report on Monday, February 9th. Scotiabank increased their price target on Barrick Mining from $43.00 to $63.00 and gave the stock an "outperform" rating in a report on Monday, January 26th. JPMorgan Chase & Co. started coverage on Barrick Mining in a report on Thursday, January 29th. They set an "overweight" rating and a $68.00 price objective on the stock. BNP Paribas Exane upgraded Barrick Mining to a "neutral" rating and set a $50.00 price objective for the company in a research report on Friday, December 5th. Finally, Zacks Research downgraded shares of Barrick Mining from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $55.25.

Barrick Mining Company Profile

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.

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