LGT Fund Management Co Ltd. Acquires Shares of 26,112 Barrick Mining Corporation $B

LGT Fund Management Co Ltd. bought a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 26,112 shares of the gold and copper producer’s stock, valued at approximately $1,067,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in B. Westside Investment Management Inc. bought a new stake in Barrick Mining in the 4th quarter worth approximately $25,000. Financial Consulate Inc. increased its position in 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 purchasing an additional 521 shares during the last quarter. Intesa Sanpaolo Wealth Management bought a new stake in Barrick Mining in the fourth quarter worth $26,000. Ascentis Independent Advisors purchased a new stake in Barrick Mining during the first quarter valued at $28,000. Finally, Laurel Wealth Advisors LLC bought a new position in Barrick Mining during the fourth quarter valued at $30,000. 90.82% of the stock is owned by institutional investors.

Barrick Mining Price Performance

Shares of B stock opened at $36.63 on Monday. Barrick Mining Corporation has a one year low of $20.52 and a one year high of $54.69. The company has a market capitalization of $60.93 billion, a P/E ratio of 10.12, a P/E/G ratio of 0.79 and a beta of 0.48. The company’s 50-day simple moving average is $40.16 and its two-hundred day simple moving average is $43.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. The business 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%.The business’s revenue was up 66.7% compared to the same quarter last year. As a group, equities analysts anticipate that Barrick Mining Corporation will post 3.63 EPS for the current year.

Barrick Mining Cuts Dividend

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

Analyst Upgrades and Downgrades

B has been the subject of a number of recent research reports. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Bank of America lowered their price target on shares of Barrick Mining from $58.00 to $56.00 and set a “buy” rating for the company in a report on Thursday. Canadian Imperial Bank of Commerce dropped their price target on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. UBS Group reduced their price objective on Barrick Mining from $54.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Finally, ATB Cormark Capital Markets lowered Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.46.

Trending Headlines about Barrick Mining

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

• Positive Sentiment: Barrick is set to provide a fresh earnings update on August 10, which could offer clarity on margins, cash flow, and management outlook ahead of the report. Barrick to Report Second Quarter 2026 Results on August 10
• Neutral Sentiment: Recent commentary noted that Barrick remains supported by its gold and copper exposure, but the stock has also been reacting to weaker gold prices and broader precious-metals volatility. Barrick Mining (TSX:ABX) Following Gold Weakness Is The Bull Case Still Cheap
• Neutral Sentiment: Bank of America reportedly lowered its price target on Barrick to $56 from $58 but kept a buy rating, suggesting analysts still see meaningful upside despite near-term weakness. Barrick price target lowered by Bank of America
• Negative Sentiment: Barrick shares have been pressured recently as softer gold prices weighed on the broader mining sector, reinforcing concern that commodity weakness could limit near-term stock performance. Barrick Mining (TSX:ABX) Following Gold Weakness Is The Bull Case Still Cheap

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.