Barrick Mining (B) slides 8.5% as investors focus on softer 2026 outlook and weaker gold prices

Barrick Mining Corporation (B) is down 8.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to a mix of commodity-driven pressure and investor reassessment of the company’s forward outlook after its recent results update. Even with strong cash-flow and shareholder-return announcements, markets can punish miners when near-term production guidance implies slower volume growth and when gold prices pull back.

Details:

Barrick’s recent full-year and fourth-quarter update highlighted strong profitability and cash generation, alongside an increased quarterly dividend and a new dividend framework tied to free cash flow.

The company’s 2026 gold production outlook (2.90–3.25 million ounces) signaled a step down versus 2025 output, which can weigh on sentiment even when earnings are strong.

Gold prices moved lower amid broader market volatility, which often drags gold-equity valuations down faster than the underlying metal due to operating leverage.

This could also be because investors are recalibrating expectations around restructuring initiatives, including the planned IPO/spin-out concept for certain North American gold assets (timing and value realization can be uncertain).

Sources:

Barrick (Investor Relations), Investors.com, Investopedia

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$B Hedge Fund Activity

We have seen 487 institutional investors add shares of $B stock to their portfolio, and 447 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL INTERNATIONAL INVESTORS removed 18,172,910 shares (-17.8%) from their portfolio in Q4 2025, for an estimated $791,430,230
FIL LTD added 13,853,587 shares (+85.3%) to their portfolio in Q4 2025, for an estimated $603,323,713
VAN ECK ASSOCIATES CORP added 10,287,544 shares (+22.8%) to their portfolio in Q4 2025, for an estimated $448,022,541
CAUSEWAY CAPITAL MANAGEMENT LLC removed 9,600,845 shares (-61.2%) from their portfolio in Q4 2025, for an estimated $418,116,799
MACKENZIE FINANCIAL CORP added 7,870,411 shares (+61.9%) to their portfolio in Q4 2025, for an estimated $342,756,399
FIRST EAGLE INVESTMENT MANAGEMENT, LLC removed 6,546,643 shares (-16.9%) from their portfolio in Q4 2025, for an estimated $285,106,302
MANUFACTURERS LIFE INSURANCE COMPANY, THE added 6,250,664 shares (+73.0%) to their portfolio in Q4 2025, for an estimated $272,216,417

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$B Government Contracts

We have seen $810,450 of award payments to $B over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

F100 CASE: $810,450

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$B Analyst Ratings

Wall Street analysts have issued reports on $B in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

UBS issued a "Buy" rating on 12/01/2025
B of A Securities issued a "Buy" rating on 11/24/2025
RBC Capital issued a "Outperform" rating on 10/27/2025
CIBC issued a "Outperformer" rating on 10/10/2025
Canaccord Genuity issued a "Buy" rating on 10/09/2025

To track analyst ratings and price targets for $B, check out Quiver Quantitative's $B forecast page.

$B Price Targets

Multiple analysts have issued price targets for $B recently. We have seen 9 analysts offer price targets for $B in the last 6 months, with a median target of $48.0.

Here are some recent targets:

Carey Macrury from Canaccord Genuity set a target price of $77.0 on 02/18/2026
Alexander Hacking from Citigroup set a target price of $48.0 on 02/09/2026
Tanya Jakusconek from Scotiabank set a target price of $63.0 on 01/26/2026
Myles Walton from UBS set a target price of $47.0 on 12/01/2025
Lawson Winder from B of A Securities set a target price of $48.0 on 11/24/2025
Josh Wolfson from RBC Capital set a target price of $40.0 on 10/27/2025
Anita Soni from CIBC set a target price of $50.0 on 10/10/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.