Barrick Mining Corporation (NYSE:B – Get Free Report) (TSE:ABX)’s share price gapped down prior to trading on Monday . The stock had previously closed at $43.68, but opened at $41.22. Barrick Mining shares last traded at $39.9070, with a volume of 8,719,447 shares changing hands.
Key Barrick Mining News
Here are the key news stories impacting Barrick Mining this week:
- Positive Sentiment: Barrick and Newmont settled their longstanding Nevada Gold Mines joint-venture dispute. The agreement includes a reported $1.95 billion cash payment to Barrick, contributions of excluded properties and Newmont’s consent to Barrick’s proposed North American IPO, potentially unlocking value and removing a major source of uncertainty. Barrick and Newmont Reach Agreement Regarding Nevada Gold Mines Joint Venture
- Positive Sentiment: Second-quarter adjusted earnings were $0.82 per share, up from $0.47 a year earlier, while revenue increased 43.8% year over year. Barrick cited stronger gold and copper prices as a key benefit. Some published estimates put the quarter’s consensus at $0.81, indicating a modest beat on that measure. Barrick Reports Second Quarter 2026 Results
- Positive Sentiment: The company declared a quarterly dividend of $0.175 per share, payable September 15 to shareholders of record August 31, reinforcing Barrick’s shareholder-return program. Barrick Declares Q2 Dividend
- Neutral Sentiment: Barrick named leadership for the planned North American spinoff, a step toward executing the IPO but also a sign that the company is entering a significant corporate restructuring.
- Negative Sentiment: Several reports characterized adjusted EPS as a miss against a higher $0.84 consensus estimate. The conflicting estimates may explain why investors reacted negatively despite the year-over-year improvement. Barrick Mining shares slide on second quarter earnings miss
- Negative Sentiment: Investors have expressed opposition to spinning off Barrick’s North American gold assets, arguing the plan could separate some of the company’s most valuable operations and create execution, governance and valuation risks. Barrick chairman’s planned overhaul meets investor backlash
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. Citigroup restated a “positive” rating on shares of Barrick Mining in a research note on Wednesday, July 15th. Bank of America lowered their price objective on Barrick Mining from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. JPMorgan Chase & Co. cut their target price on Barrick Mining from $58.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Royal Bank Of Canada lowered their price target on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Barrick Mining in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.46.
Barrick Mining Stock Performance
The stock has a 50-day moving average of $38.37 and a 200 day moving average of $42.04. The firm has a market capitalization of $67.28 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 0.93 and a beta of 0.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last issued its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company’s quarterly revenue was up 43.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. On average, research analysts anticipate that Barrick Mining Corporation will post 3.57 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Trust Co. of Vermont acquired a new position in Barrick Mining during the 2nd quarter worth $118,000. Bank of New York Mellon Corp bought a new position in Barrick Mining in the 2nd quarter valued at $117,374,000. Butensky & Cohen Financial Security Inc. increased its stake in shares of Barrick Mining by 2.1% in the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 139,673 shares of the gold and copper producer’s stock valued at $5,135,000 after buying an additional 2,815 shares during the period. Allied Private Wealth LLC acquired a new stake in shares of Barrick Mining in the 2nd quarter valued at $35,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Barrick Mining by 7.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,853 shares of the gold and copper producer’s stock worth $362,000 after acquiring an additional 651 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.
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.
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