NewEdge Advisors LLC Sells 58,738 Shares of Barrick Mining Corporation $B

Key Points

• NewEdge Advisors cut its Barrick Mining position by 58.4% in the first quarter, selling 58,738 shares and retaining 41,778 shares valued at approximately $1.7 million. Institutional investors collectively own 90.82% of the company.
• Analysts remain broadly positive, with Barrick holding a consensus “Moderate Buy” rating and an average price target of $52.57, despite mixed target-price revisions.
• Barrick reported quarterly EPS of $0.82, slightly above expectations, while revenue rose 43.8% year over year to $4.19 billion. The company also declared a quarterly dividend of $0.175, equivalent to a 1.7% annual yield.

NewEdge Advisors LLC decreased its position in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 58.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,778 shares of the gold and copper producer's stock after selling 58,738 shares during the quarter. NewEdge Advisors LLC's holdings in Barrick Mining were worth $1,704,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Intesa Sanpaolo Wealth Management acquired a new position in shares of Barrick Mining in the fourth quarter valued at about $26,000. Ascentis Independent Advisors acquired a new stake in Barrick Mining in the 1st quarter worth about $28,000. Laurel Wealth Advisors LLC acquired a new stake in Barrick Mining in the 4th quarter worth about $30,000. Motiv8 Investments LLC bought a new stake in Barrick Mining in the 4th quarter valued at about $31,000. Finally, Key Financial Inc boosted its holdings in Barrick Mining by 137.5% in the 1st quarter. Key Financial Inc now owns 753 shares of the gold and copper producer's stock valued at $31,000 after purchasing an additional 436 shares during the period. Institutional investors own 90.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Barrick Mining from a "buy" rating to a "hold" rating in a research report on Saturday. Barclays lifted their price target on shares of Barrick Mining from $39.00 to $42.00 and gave the company an "equal weight" rating in a research report on Thursday. UBS Group cut their price target on Barrick Mining from $54.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, June 30th. Citigroup reissued a "positive" rating on shares of Barrick Mining in a research report on Wednesday, July 15th. Finally, TD lowered their price objective on Barrick Mining from $61.00 to $59.00 and set a "buy" rating on the stock in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Barrick Mining currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.57.

Barrick Mining Price Performance

B stock opened at $41.64 on Friday. The company's 50-day moving average price is $38.27 and its two-hundred day moving average price is $41.78. The firm has a market cap of $68.54 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.81 and a beta of 0.47. The company has a quick ratio of 2.44, a current ratio of 3.01 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 12 month low of $23.43 and a 12 month high of $54.69.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $5.10 billion. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The firm's quarterly revenue was up 43.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 EPS. On average, analysts anticipate that Barrick Mining Corporation will post 3.51 earnings per share for the current fiscal year.

Barrick Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.175 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. Barrick Mining's dividend payout ratio is 18.04%.

More Barrick Mining News

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

• Positive Sentiment: Gold’s proximity to record highs is improving the outlook for Barrick’s gold production revenue, cash flow and margins. The company also produces copper, providing additional commodity exposure. Barrick Mining in Focus as Gold Stays Near Record Highs
• Positive Sentiment: JPMorgan raised its Barrick price target from $50 to $52 and maintained an “overweight” rating, implying substantial upside from the referenced share price. The target increase signals continued confidence in the company’s valuation and operating outlook.
• Positive Sentiment: Newmont consented to Barrick’s planned North American IPO as part of an agreement resolving disputes related to Nevada Gold Mines. Removing this disclosed transaction hurdle reduces a major execution risk and may help advance the IPO plans. Newmont Removed a Major IPO Risk
• Neutral Sentiment: Despite clearing the IPO obstacle, Barrick shares previously fell more than 6%, indicating that investors may have been focused on valuation, execution uncertainty or profit-taking rather than treating the Newmont agreement as an immediate catalyst. Barrick Mining Cleared Its IPO Hurdle
• Neutral Sentiment: TD lowered its price target to $59, contrasting with JPMorgan’s increase, suggesting analysts remain positive overall but differ on Barrick’s near-term valuation.
• Negative Sentiment: Philippine regulators will review a proposed Marinduque-related settlement amid concerns about rehabilitation obligations. Further scrutiny could create legal, environmental or financial uncertainty for Barrick. DENR to Weigh In on Marinduque-Barrick Settlement

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.

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