Principal Financial Group Inc. Increases Stock Position in Barrick Mining Corporation $B

Key Points

• Principal Financial Group increased its Barrick Mining position by 19.2% in the first quarter, adding 34,555 shares to reach 214,910 shares valued at approximately $8.76 million. Institutional investors collectively own 90.82% of the company.
• Barrick reported quarterly EPS of $0.98, exceeding the $0.80 consensus estimate, while revenue rose 66.7% year over year to $4.11 billion, though it fell short of analysts’ $4.75 billion expectation.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $52.46, but several firms recently lowered their targets and one valuation analysis suggested the stock may be overvalued by about 15%.

Principal Financial Group Inc. increased its holdings in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 19.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 214,910 shares of the gold and copper producer's stock after buying an additional 34,555 shares during the period. Principal Financial Group Inc.'s holdings in Barrick Mining were worth $8,755,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Financial Consulate Inc. boosted its holdings in shares of Barrick Mining by 1,042.0% in the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer's stock worth $25,000 after acquiring an additional 521 shares during the period. Westside Investment Management Inc. bought a new stake in shares of Barrick Mining during the 4th quarter valued at $25,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Barrick Mining during the 4th quarter valued at $26,000. Ascentis Independent Advisors purchased a new stake in Barrick Mining during the 1st quarter worth about $28,000. Finally, JPL Wealth Management LLC purchased a new stake in Barrick Mining during the 3rd quarter worth about $28,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Mining News Summary

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

• Positive Sentiment: Gold’s strength and expectations for continued central bank buying are keeping Barrick in the spotlight as investors look for miners that can benefit from higher bullion prices. Experts recommend buying gold and silver! Barrick Mining, Newmont, First Majestic Silver, and Desert Gold in focus
• Positive Sentiment: Analysts and commentators continue to highlight Barrick as a potential beneficiary of a gold breakout, with some suggesting the stock could reflect bullion’s strength if prices stay elevated. Can Barrick Mining NYSE: B Reflect Gold's Strength as Bullion Keeps Firm This Week?
• Positive Sentiment: Barrick announced an exploration program with Midland on the Lewis gold project, adding to the company’s growth pipeline and reinforcing its exploration footprint. Midland, in Partnership with Barrick, Commences an Exploration Program for Gold on the Lewis Project
• Positive Sentiment: Barrick also bought a 10% stake in Kingfisher Metals, a move that signals continued interest in securing optionality on prospective mining assets. Barrick Mining Buys 10% Stake in Kingfisher Metals for C$20.9 Million
• Neutral Sentiment: Broader market commentary says investors are rotating into gold and silver miners, but this is more of a sector call than a Barrick-specific catalyst. Gold price above USD 4,000 and central bank rally: Barrick Mining, Lahontan Gold, Newmont—time to buy now?
• Neutral Sentiment: Barrick said it supports local content rules, a policy stance that may help relationships with host governments but is not an immediate earnings driver. Barrick supports local content rules
• Negative Sentiment: A valuation article argues Barrick may be about 15% overvalued on cash flow concerns, suggesting some investors may worry the stock has outpaced fundamentals. Barrick (B) Stock May Be 15% Overvalued On Cash Flow Concerns
• Negative Sentiment: JPMorgan reportedly lowered its price target on Barrick to $50, which can signal more cautious expectations from analysts. JPMorgan Chase & Co. Lowers Barrick Mining NYSE: B Price Target to $50.00

Barrick Mining Stock Performance

Shares of NYSE:B opened at $37.12 on Monday. The company has a market cap of $61.74 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 0.79 and a beta of 0.48. The company has a 50-day moving average price of $38.86 and a 200-day moving average price of $42.74. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 12 month low of $20.94 and a 12 month high of $54.69.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last posted its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.18. The firm had revenue of $4.11 billion for the quarter, compared to analysts' expectations of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.Barrick Mining's revenue for the quarter was up 66.7% compared to the same quarter last year. As a group, equities analysts anticipate that Barrick Mining Corporation will post 3.56 EPS for the current year.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Barrick Mining's payout ratio is presently 19.34%.

Analyst Ratings Changes

B has been the subject of a number of recent analyst reports. Wall Street Zen lowered Barrick Mining from a "strong-buy" rating to a "buy" rating in a report on Saturday. Weiss Ratings downgraded shares of Barrick Mining from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, May 11th. JPMorgan Chase & Co. cut their price objective on shares of Barrick Mining from $58.00 to $50.00 and set an "overweight" rating for the company in a research report on Tuesday, July 21st. UBS Group reduced their price objective on shares of Barrick Mining from $54.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, June 30th. Finally, Barclays decreased their target price on shares of Barrick Mining from $41.00 to $39.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $52.46.

Barrick Mining 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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