Allianz Asset Management GmbH lifted its stake in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 338.8% in the third quarter, HoldingsChannel reports. The firm owned 911,924 shares of the gold and copper producer’s stock after purchasing an additional 704,092 shares during the period. Allianz Asset Management GmbH’s holdings in Barrick Mining were worth $29,958,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of B. Vanguard Group Inc. acquired a new stake in shares of Barrick Mining in the second quarter worth about $1,459,633,000. Measured Wealth Private Client Group LLC bought a new position in shares of Barrick Mining in the 2nd quarter valued at approximately $696,000. Philadelphia Trust Co. acquired a new stake in Barrick Mining in the 2nd quarter worth approximately $1,412,000. CIBC Asset Management Inc lifted its holdings in Barrick Mining by 316.0% in 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 purchasing an additional 13,891,886 shares during the last quarter. Finally, Cadence Wealth Management LLC bought a new stake in Barrick Mining during the second quarter worth approximately $1,112,000. Institutional investors and hedge funds own 90.82% of the company’s stock.
Barrick Mining News Roundup
Here are the key news stories impacting Barrick Mining this week:
- Positive Sentiment: Q4 beat and stronger operating results: Barrick reported Q4 EPS of $1.04 (above consensus) and revenue up ~44.6% year‑over‑year, with record quarterly cash flow and record shareholder returns — a clear near‑term earnings and cash strength signal. Article Title
- Positive Sentiment: Big dividend increase and new payout policy: Barrick declared a $0.42/share Q4 dividend (about +140% vs prior quarter) and introduced a cash‑flow–linked dividend policy — increases near‑term yield and signals confidence in free cash generation. Article Title
- Positive Sentiment: Board/leadership moves to support North America IPO: Barrick added Robert Samek to the board and elevated Mark Hill to President & CEO to lead the planned IPO of North American gold assets — governance and leadership changes aimed at executing the spin‑off. Article Title
- Positive Sentiment: Company planning a North American gold IPO this year: Management confirmed it will pursue an IPO/spin‑off of its North American gold business — a value‑unlocking move that could re‑rate assets over time if executed at attractive valuations. Article Title
- Neutral Sentiment: Analyst commentary and upgrades mixed but constructive: Canaccord and other analysts issued supportive notes after the results, highlighting the company’s cash profile and operational progress; some analysts also caution on costs. Article Title
- Negative Sentiment: Large shareholder exit and profit‑taking pressure: A material stake sale by Azvalor managers was reported and flagged as a ~‑3.4% flow impact, and coverage noted investor scrutiny of the strategic pivot — both likely contributed to selling pressure and the stock pullback. Article Title
- Negative Sentiment: IPO/spin‑off creates near‑term uncertainty: While an IPO can unlock value, it raises questions on timing, structure, potential tax/shareholder impacts and whether some upside is already priced in after a big run — reasons for short‑term volatility. Article Title
Barrick Mining Price Performance
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last announced its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.15. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. The business’s quarterly revenue was up 44.6% compared to the same quarter last year. Analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current year.
Barrick Mining Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a $0.42 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio is 33.82%.
Wall Street Analysts Forecast Growth
B has been the topic of a number of recent analyst reports. BNP Paribas Exane raised shares of Barrick Mining to a “neutral” rating and set a $50.00 price target on the stock in a research report on Friday, December 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Barrick Mining in a report on Monday, December 29th. Scotiabank boosted their target price 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. Bank of America raised Barrick Mining from a “neutral” rating to a “buy” rating and raised their price target for the company from $38.00 to $48.00 in a research report on Monday, November 24th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Barrick Mining in a research note on Sunday, December 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Barrick Mining currently has an average rating of “Buy” and an average price target of $53.08.
Read Our Latest Stock Analysis on Barrick Mining
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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