Diversify Wealth Management LLC Buys 17,149 Shares of Barrick Mining Corporation $B

Diversify Wealth Management LLC lifted its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 126.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,737 shares of the gold and copper producer’s stock after purchasing an additional 17,149 shares during the quarter. Diversify Wealth Management LLC’s holdings in Barrick Mining were worth $1,182,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of B. Enclave Advisors LLC acquired a new stake in Barrick Mining in the fourth quarter valued at about $2,395,000. Caldwell Trust Co grew its position in Barrick Mining by 6,688.3% in the fourth quarter. Caldwell Trust Co now owns 20,365 shares of the gold and copper producer’s stock valued at $887,000 after acquiring an additional 20,065 shares during the last quarter. Gunderson Capital Management Inc. acquired a new position in Barrick Mining during the fourth quarter worth about $8,987,000. Swiss Life Asset Management Ltd lifted its holdings in shares of Barrick Mining by 14.2% in the third quarter. Swiss Life Asset Management Ltd now owns 117,682 shares of the gold and copper producer’s stock worth $3,871,000 after acquiring an additional 14,639 shares during the last quarter. Finally, Williamson Legacy Group LLC bought a new position in shares of Barrick Mining in the fourth quarter worth about $1,315,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Performance

NYSE B opened at $35.91 on Thursday. The company has a market capitalization of $59.73 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 0.79 and a beta of 0.48. Barrick Mining Corporation has a twelve month low of $20.52 and a twelve month high of $54.69. The stock has a fifty day simple moving average of $39.93 and a 200 day simple moving average of $43.15. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, topping the consensus estimate of $0.80 by $0.18. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate 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 was up 66.7% compared to the same quarter last year. Sell-side analysts expect that Barrick Mining Corporation will post 3.63 EPS for the current year.

Barrick Mining Cuts Dividend

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

Barrick Mining News Summary

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

• Positive Sentiment: Despite a lower price target, Scotiabank kept a “sector outperform” rating on Barrick Mining and still sees meaningful upside from current levels, which may help support longer-term investor confidence. Benzinga / The Fly report
• Positive Sentiment: Recent commentary highlighted Barrick as a potential beneficiary if gold prices strengthen, and also pointed to the company’s efforts to bolster copper assets, suggesting a diversified growth path beyond gold alone. Gold-price and analyst note Copper assets article
• Neutral Sentiment: Several recent opinion pieces remain constructive on Barrick’s long-term fundamentals, citing cash flow, buybacks, and project development, but these are mostly thematic and not new company-specific catalysts. Seeking Alpha article Yahoo Finance article
• Negative Sentiment: Scotiabank lowered its price target on Barrick from $63 to $57, reflecting a more cautious near-term view and pressuring the stock.
• Negative Sentiment: Broader headlines about mining risk in the Sahel region are a reminder that geopolitical and operational challenges remain a concern for gold producers like Barrick. Mining.com article

Analyst Ratings Changes

B has been the topic of several research reports. Royal Bank Of Canada decreased their price target on shares of Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 21st. Weiss Ratings lowered shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Citigroup reaffirmed a “positive” rating on shares of Barrick Mining in a research note on Wednesday. Finally, Barclays set a $39.00 price target on shares of Barrick Mining in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Barrick Mining has an average rating of “Moderate Buy” and an average price target of $53.85.

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.