Hillsdale Investment Management Inc. Has $35.69 Million Stake in Barrick Mining Corporation $B

Key Points

• Hillsdale Investment Management cut its stake in Barrick by 26.1%, leaving it with 1,086,751 shares worth about $35.69 million, while other large moves include Vanguard opening a ~$1.46 billion position and CIBC growing to 18,287,558 shares; institutional investors now own 90.82% of the stock.
• Barrick reported a quarter-beating EPS of $1.04 (vs. $0.85) and revenue of $5.98 billion (+44.6% YoY) and announced a significant quarterly dividend increase to $0.42 (annualized $1.68, ~3.5% yield).
• Near-term risks include a Newmont default notice over the Nevada Gold Mines JV that raises governance and operational uncertainty, alongside rising unit costs and some analyst caution that could pressure the stock.

Hillsdale Investment Management Inc. lessened its position in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 26.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,086,751 shares of the gold and copper producer's stock after selling 383,978 shares during the quarter. Barrick Mining comprises about 1.1% of Hillsdale Investment Management Inc.'s investment portfolio, making the stock its 19th biggest position. Hillsdale Investment Management Inc. owned about 0.06% of Barrick Mining worth $35,685,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. purchased a new position in shares of Barrick Mining during the 2nd quarter worth $1,459,633,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Barrick Mining during the second quarter worth $696,000. Philadelphia Trust Co. purchased a new position in shares of Barrick Mining in the 2nd quarter valued at about $1,412,000. CIBC Asset Management Inc grew its holdings in Barrick Mining by 316.0% during the 3rd quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer's stock worth $601,115,000 after acquiring an additional 13,891,886 shares in the last quarter. Finally, Cadence Wealth Management LLC purchased a new position in Barrick Mining in the second quarter valued at $1,112,000. Institutional investors own 90.82% of the company's stock.

Key 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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Jefferies Financial Group restated a "buy" rating and set a $55.00 price target on shares of Barrick Mining in a research note on Sunday, December 7th. Scotiabank boosted their price objective on shares of Barrick Mining from $43.00 to $63.00 and gave the stock an "outperform" rating in a research report on Monday, January 26th. Citigroup boosted their target price on shares of Barrick Mining from $38.00 to $48.00 and gave the company a "neutral" rating in a research note on Monday, February 9th. TD Cowen reaffirmed a "buy" rating on shares of Barrick Mining in a research report on Wednesday, November 26th. Finally, Canaccord Genuity Group lowered their price objective on shares of Barrick Mining to $77.00 and set a "buy" rating for the company in a research note on Wednesday. Two research 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $55.25.

Barrick Mining Stock Performance

B stock opened at $47.95 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. The stock's fifty day moving average is $47.11 and its two-hundred day moving average is $37.52. The stock has a market capitalization of $80.33 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 0.39 and a beta of 0.40. Barrick Mining Corporation has a 1 year low of $17.00 and a 1 year high of $54.69.

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

Barrick Mining Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.42 per share. This is a positive change from Barrick Mining's previous quarterly dividend of $0.18. This represents a $1.68 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, February 27th. Barrick Mining's dividend payout ratio (DPR) is currently 23.89%.

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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