Healthcare of Ontario Pension Plan Trust Fund Has $20.90 Million Stock Position in Barrick Mining Corporation $B

Healthcare of Ontario Pension Plan Trust Fund lowered its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 25.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 511,788 shares of the gold and copper producer’s stock after selling 174,079 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Barrick Mining were worth $20,904,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of B. Van ECK Associates Corp raised its position in Barrick Mining by 22.8% during the 4th quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer’s stock worth $2,413,699,000 after purchasing an additional 10,287,544 shares during the last quarter. FIL Ltd raised its position in shares of Barrick Mining by 85.3% during the fourth quarter. FIL Ltd now owns 30,099,422 shares of the gold and copper producer’s stock worth $1,311,169,000 after acquiring an additional 13,853,587 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Barrick Mining by 61.9% in the fourth quarter. Mackenzie Financial Corp now owns 20,591,745 shares of the gold and copper producer’s stock worth $909,104,000 after acquiring an additional 7,870,411 shares during the period. TD Asset Management Inc boosted its holdings in Barrick Mining by 5.6% in the fourth quarter. TD Asset Management Inc now owns 20,395,667 shares of the gold and copper producer’s stock valued at $889,627,000 after acquiring an additional 1,086,332 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in Barrick Mining by 8.8% during the 4th quarter. CIBC Asset Management Inc now owns 19,902,944 shares of the gold and copper producer’s stock valued at $869,964,000 after purchasing an additional 1,615,386 shares during the period. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Performance

Shares of Barrick Mining stock opened at $37.12 on Monday. The company has a market cap of $61.74 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 0.79 and a beta of 0.48. 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 Corporation has a 52 week low of $20.94 and a 52 week high of $54.69. The business has a 50 day moving average price of $38.86 and a 200-day moving average price of $42.74.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.18. The business 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% on a year-over-year basis. Equities analysts anticipate that Barrick Mining Corporation will post 3.56 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

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

Wall Street Analyst Weigh In

B has been the topic of a number of analyst reports. Citigroup reaffirmed a “positive” rating on shares of Barrick Mining in a research note on Wednesday, July 15th. Bank of America decreased their price target on Barrick Mining from $58.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Barclays dropped their price objective on Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. UBS Group lowered their target price on Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. lowered 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 note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Barrick Mining presently has an average rating of “Moderate Buy” and an average price target of $52.46.

More Barrick Mining News

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 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.