TD Waterhouse Canada Inc. Buys 128,344 Shares of Barrick Mining Corporation $B

TD Waterhouse Canada Inc. lifted its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 39.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 453,759 shares of the gold and copper producer’s stock after purchasing an additional 128,344 shares during the period. TD Waterhouse Canada Inc.’s holdings in Barrick Mining were worth $15,821,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Farther Finance Advisors LLC acquired a new position in Barrick Mining during the 2nd quarter worth $215,000. Fifth Third Bancorp bought a new stake in shares of Barrick Mining during the second quarter worth $132,000. GC Wealth Management RIA LLC acquired a new position in shares of Barrick Mining during the second quarter valued at $273,000. Greenleaf Trust acquired a new position in shares of Barrick Mining during the second quarter valued at $546,000. Finally, Truist Financial Corp bought a new position in Barrick Mining in the second quarter valued at about $926,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Cormark raised Barrick Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 11th. Canaccord Genuity Group lifted their price target on shares of Barrick Mining from $39.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. BNP Paribas Exane upgraded shares of Barrick Mining to a “neutral” rating and set a $50.00 price objective on the stock in a report on Friday, December 5th. TD Securities raised their price objective on shares of Barrick Mining from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $50.33.

Barrick Mining Stock Down 1.7%

Barrick Mining stock opened at $52.06 on Friday. The firm has a market capitalization of $87.23 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 0.47 and a beta of 0.41. The company’s 50 day simple moving average is $45.18 and its 200 day simple moving average is $34.69. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.94 and a quick ratio of 2.33. Barrick Mining Corporation has a fifty-two week low of $16.20 and a fifty-two week high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.20 billion. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. As a group, sell-side analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a dividend of $0.175 per share. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, November 28th. Barrick Mining’s dividend payout ratio is presently 33.82%.

Barrick Mining News Roundup

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

• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a $68 price target (about ~30% upside from current levels), citing a valuation gap versus Agnico Eagle that favors Barrick — this is a major institutional endorsement that likely supported higher bids earlier in the session. JPM starts Barrick Mining at Overweight, flags valuation gap versus Agnico Eagle
• Positive Sentiment: Multiple analysts raised price targets and the consensus brokerage view is bullish — recent coverage shifts and upgrades increase the odds of upward revisions to estimates and attract buy-side interest. Analysts Raise Barrick Mining (B) Price Targets
• Positive Sentiment: Macro/commodity support: coverage noting record metal prices and strategic moves at Barrick underpin the company’s cash flow profile and justify premium multiples versus peers, providing fundamental support beyond short-term trading noise. Barrick Gold Shares Surge Amid Record Metal Prices and Strategic Shifts
• Neutral Sentiment: Brokerage consensus remains constructive — Barrick has an average rating of “Buy” from covering firms, which supports medium-term demand but may already be priced in. Barrick Mining Corporation (NYSE:B) Receives Average Rating of “Buy” from Brokerages
• Neutral Sentiment: Upcoming results: Barrick is scheduled to report quarterly earnings next week — that timing is concentrating trading and volatility as investors position around guidance and metal-price sensitivity. Barrick Mining (B) Expected to Announce Quarterly Earnings on Thursday
• Negative Sentiment: Near-term beat odds limited: Zacks notes Barrick lacks the “right combination” of drivers to deliver a likely earnings beat next quarter, which can weaken short-term investor enthusiasm and invite selling into the print. Barrick Mining (B) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Negative Sentiment: Profit‑taking and short‑term selling pressures have pushed the stock down today on heavier-than-average volume; with shares near recent multi‑year highs, some traders are locking gains ahead of the earnings release.

About Barrick Mining

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.