Allspring Global Investments Holdings LLC Raises Stock Holdings in Barrick Mining Corporation $B

Allspring Global Investments Holdings LLC boosted its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 6.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,679,059 shares of the gold and copper producer’s stock after purchasing an additional 96,000 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Barrick Mining were worth $74,013,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in B. Arlington Trust Co LLC bought a new stake in shares of Barrick Mining in the 3rd quarter valued at about $26,000. JPL Wealth Management LLC bought a new position in shares of Barrick Mining during the 3rd quarter worth approximately $28,000. Pin Oak Investment Advisors Inc. purchased a new stake in Barrick Mining during the third quarter valued at approximately $31,000. Provenance Wealth Advisors LLC purchased a new stake in Barrick Mining during the third quarter valued at approximately $32,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in Barrick Mining in the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

B has been the topic of several analyst reports. UBS Group cut their price target on shares of Barrick Mining from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, March 27th. ATB Cormark Capital Markets upgraded Barrick Mining to a “moderate buy” rating in a report on Monday, February 9th. BNP Paribas Exane raised Barrick Mining to a “neutral” rating and set a $50.00 price objective for the company in a research report on Friday, December 5th. JPMorgan Chase & Co. initiated coverage on Barrick Mining in a research note on Thursday, January 29th. They set an “overweight” rating and a $68.00 target price on the stock. Finally, Zacks Research lowered Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Barrick Mining currently has a consensus rating of “Moderate Buy” and an average target price of $54.83.

Barrick Mining Trading Up 6.0%

Shares of Barrick Mining stock opened at $40.76 on Wednesday. The firm’s 50 day simple moving average is $45.76 and its two-hundred day simple moving average is $41.08. The firm has a market capitalization of $68.28 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.27 and a beta of 0.41. Barrick Mining Corporation has a 12-month low of $17.00 and a 12-month high of $54.69. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The firm 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. Analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.68 dividend on an annualized basis and a yield of 4.1%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s payout ratio is presently 57.34%.

Barrick Mining News Summary

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

• Positive Sentiment: Bloomberg reports Barrick has created a new leadership group to pursue a North American IPO (the “NewCo” split). Investors see an IPO as a near-term catalyst that could unlock value through a sum-of-the-parts re‑rating and attract interest for the North American asset package. Read More.
• Positive Sentiment: Market-driven tailwind: stronger gold prices have pushed Barrick shares higher as investors favor large gold producers for exposure to rising bullion. Coverage noting a surge tied to gold helped lift sentiment. Read More.
• Positive Sentiment: Analyst/investor thesis: recent write-ups highlight structural gold demand, Barrick’s asset-spin catalysts and its copper growth strategy (targeting ~40% of EBITDA by 2030) as multi-year upside drivers — reinforcing the idea that a NewCo IPO + copper mix could boost multiples. Read More.
• Neutral Sentiment: Smaller industry/asset news: an article notes a junior, Dateline Resources, seeking funds to develop a former Barrick site — relevant to regional exploration narratives but unlikely to move Barrick’s share price materially. Read More.
• Negative Sentiment: UBS trimmed its price target on Barrick to $50, signaling some analyst caution about near-term upside even as structural and spin catalysts are discussed; this could cap gains or slow upgrades until more IPO execution detail arrives. Read More.

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.