Barrick Mining gains as gold prices firm and investors lean into its capital-return and IPO narrative

Barrick Mining Corporation (B) is up 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a move higher in gold prices, which can quickly lift large-cap gold miners like Barrick due to their leverage to bullion. The stock has also had supportive longer-running tailwinds from its stepped-up shareholder returns and its plan to pursue an IPO of certain North American gold assets, which investors may view as a potential value-unlocking catalyst.

Details:

Gold futures pricing was higher in morning trading, a backdrop that often boosts sentiment across gold producers and mining equities.

Barrick’s latest full-year results highlighted a higher quarterly base dividend, a performance-linked dividend framework tied to free cash flow, and sizable share repurchases completed in 2025.

The company has stated it is preparing for an IPO of an entity expected to hold key North American gold assets, with management indicating a late-2026 completion target (subject to market conditions).

This could also reflect continued spillover from recent bullish analyst initiations/price-target updates that have reinforced the “quality large-cap miner” narrative during volatile precious-metals markets.

Sources:

Barrick Mining (investor/news release), Associated Press, Investing.com

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 449 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 8 analysts offer price targets for $B in the last 6 months, with a median target of $49.0.

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.