Buffalo Business & Estate Services Ltd. Takes Position in Barrick Mining Corporation $B

Key Points

• Buffalo Business & Estate Services Ltd. bought a new position of 62,048 shares (~$2.7M) of Barrick in Q4, amid broadly high institutional ownership (about 90.82%) and several other institutions adding or initiating small stakes.
• Barrick reported a strong Q4—revenue up ~44.6% year‑over‑year to $5.98B and EPS of $1.04 (vs. $0.85 est.)—and has boosted its quarterly dividend to $0.42 (annualized $1.68, ~4.0% yield) while adopting a framework to return 50% of free cash flow to shareholders.
• Management flagged a slowdown at the Reko Diq copper project due to escalating security incidents, warning of significant increases to budget and timeline, representing a material execution and capex risk.

Buffalo Business & Estate Services Ltd. purchased a new position in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 62,048 shares of the gold and copper producer's stock, valued at approximately $2,702,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Arlington Trust Co LLC bought a new stake in shares of Barrick Mining during the third quarter worth $26,000. JPL Wealth Management LLC acquired a new stake in Barrick Mining in the 3rd quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. bought a new stake in Barrick Mining in the 3rd quarter valued at approximately $31,000. Provenance Wealth Advisors LLC acquired a new position in Barrick Mining during the 3rd quarter worth approximately $32,000. Finally, Wealth Preservation Advisors LLC bought a new position in shares of Barrick Mining during the 2nd quarter worth approximately $33,000. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining News Summary

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

• Positive Sentiment: Q4 beat and upgraded shareholder returns — Seeking Alpha highlights Barrick’s 45% revenue growth, 126% EPS growth, a 40% dividend increase and a new framework targeting 50% of free cash flow for dividends/buybacks, underpinning cash generation from key assets. Barrick: You Haven't Seen Anything Yet
• Positive Sentiment: Institutional accumulation — Banque Pictet increased its stake (reported SEC filing), signaling fresh institutional support that can boost demand for the stock. Barrick Mining Corporation $B Shares Bought by Banque Pictet & Cie SA
• Positive Sentiment: Q4 gold sales momentum — Barrick’s gold sales rose sequentially on NGM performance, supporting near‑term revenue resilience even as production guidance may face variability. Barrick Mining's Gold Sales Rise in Q4: Can It Keep Up in Q1?
• Neutral Sentiment: Market commentary — Jim Cramer noted gold’s speculative trading and contrasted Barrick with peers, a narrative that can drive short‑term sentiment swings but not change fundamentals. Jim Cramer on Barrick Mining Corporation: “I Don’t Like That, But I Do Like Agnico”
• Neutral Sentiment: Commodities backdrop — Gold and copper faced pressure as the dollar strengthened, which can cap upside for miners in the near term but also creates leverage if metals rebound. Gold Falls as Dollar Rises. Why Mining Stocks Could Outperform.
• Negative Sentiment: Reko Diq slowdown and security risks — Barrick announced it is slowing development at Reko Diq due to escalating security incidents; management warns of significant budget and timeline increases, a material project‑level risk for future copper supply and capex. Barrick Provides an Update on Reko Diq
• Negative Sentiment: Budget & timeline warning — Reporting highlights “significant increases” to budget and schedule for the Pakistan copper project, increasing execution risk and potential near‑term investor caution. Barrick warns of “significant increases” to budget, timeline for Pakistan copper project

Barrick Mining Stock Performance

B opened at $41.67 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33. The business has a fifty day simple moving average of $45.28 and a 200 day simple moving average of $41.35. Barrick Mining Corporation has a 1 year low of $17.00 and a 1 year high of $54.69. The company has a market capitalization of $69.81 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 1.36 and a beta of 0.50.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last posted its 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 company 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 business's quarterly revenue was up 44.6% compared to the same quarter last year. Research analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a $0.42 dividend. This is a positive change from Barrick Mining's previous quarterly dividend of $0.18. The ex-dividend date was Friday, February 27th. This represents a $1.68 annualized dividend and a yield of 4.0%. Barrick Mining's dividend payout ratio is presently 57.34%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Barrick Mining from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 7th. Canadian Imperial Bank of Commerce restated an "outperform" rating and set a $71.00 price objective on shares of Barrick Mining in a research note on Wednesday, February 4th. UBS Group dropped their target price on Barrick Mining from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Friday, March 27th. Canaccord Genuity Group cut their price objective on Barrick Mining to $77.00 and set a "buy" rating for the company in a report on Wednesday, February 18th. Finally, Scotiabank raised their target price on shares of Barrick Mining from $43.00 to $63.00 and gave the company an "outperform" rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Barrick Mining has an average rating of "Moderate Buy" and an average target price of $54.83.

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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