Wilmington Savings Fund Society FSB Takes Position in Barrick Mining Corporation $B

Wilmington Savings Fund Society FSB acquired a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,609 shares of the gold and copper producer’s stock, valued at approximately $380,000.

Several other hedge funds and other institutional investors have also bought and sold shares of B. Vermillion Wealth Management Inc. purchased a new position in shares of Barrick Mining during the second quarter worth approximately $25,000. Crowley Wealth Management Inc. bought a new position in shares of Barrick Mining during the 2nd quarter valued at $26,000. Concord Wealth Partners purchased a new position in Barrick Mining in the 2nd quarter worth $26,000. Ameriflex Group Inc. bought a new stake in Barrick Mining in the second quarter worth $27,000. Finally, Trifecta Capital Advisors LLC purchased a new stake in Barrick Mining during the second quarter valued at about $27,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Trending Headlines about Barrick Mining

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

• Positive Sentiment: Appointment of an experienced finance chief may reduce execution risk and support strategic moves (including IPO preparation). Helen Cai will become Senior EVP & CFO on March 1 and will overlap with outgoing CFO Graham Shuttleworth to ensure a handover; that can reassure markets about continuity in reporting, financing and IPO readiness. Barrick Announces Finance Leadership Transition
• Positive Sentiment: Operational improvement at Lumwana — Barrick is deploying Metso Concorde Cell flotation technology, which is intended to boost recoveries/throughput and improve copper processing efficiency; that could modestly support margins and production at a key asset over time. Barrick deploys Metso Concorde Cell tech at Lumwana
• Neutral Sentiment: Ongoing leadership shake-up framed as part of a corporate overhaul ahead of a possible IPO — mixed signal: proactive governance/structure changes can unlock value, but they also create short-term execution and perception risk while the company transitions. Markets often treat this as neither uniformly positive nor negative until strategic detail (timeline, valuation, asset carve-outs) is clearer. Barrick changes CFO as overhaul continues ahead of possible IPO
• Negative Sentiment: Mali production suspension pressured near-term volumes — reports show Mali’s gold output fell ~23% linked to Barrick’s suspension, signaling a tangible short-term hit to group production and revenue and highlighting geopolitical/regulatory risk in West Africa. That helps explain downward pressure on the share price as investors mark down near-term earnings visibility. Mali’s gold output fell 23% on Barrick Mining suspension

Barrick Mining Stock Performance

NYSE:B traded up $1.22 during trading hours on Tuesday, reaching $49.95. The company had a trading volume of 2,230,395 shares, compared to its average volume of 12,009,589. Barrick Mining Corporation has a 52 week low of $15.47 and a 52 week high of $50.51. The firm has a market cap of $83.68 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 0.38 and a beta of 0.41. The company has a current ratio of 2.94, a quick ratio of 2.33 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average price is $42.92 and its 200-day moving average price is $33.20.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings results on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.The business’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 earnings per share. On average, analysts forecast 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 was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a dividend of $0.175 per share. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.70 annualized dividend and a dividend yield of 1.4%. Barrick Mining’s payout ratio is currently 33.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Cormark raised Barrick Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. Wall Street Zen lowered shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Scotiabank upgraded shares of Barrick Mining from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $27.50 to $43.00 in a research report on Thursday, October 23rd. UBS Group increased their price target on shares of Barrick Mining from $39.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Finally, Zacks Research cut Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Barrick Mining has a consensus rating of “Moderate Buy” and an average target price of $47.17.

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.