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Barrick Mining jumps as Q1 results beat production guidance and company outlines shareholder-return plans

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Barrick Mining Corporation (B) is up 8.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to the company’s first-quarter 2026 results, which showed stronger-than-expected operating performance and cash generation, alongside updated capital-return and strategic messaging. A notable driver was gold production coming in above the company’s prior guidance range, which can amplify earnings momentum when realized gold prices are favorable.

Details:

  • Barrick posted first-quarter 2026 operating and financial results before the market open on May 11, 2026.
  • Gold production for the quarter was reported at 719,000 ounces, above the company’s prior guidance range of 640,000–680,000 ounces, while copper production was reported at 49,000 tonnes.
  • The company reported revenue of $5.22 billion and attributable free cash flow of $1.21 billion for the quarter, reflecting a sharp improvement versus the year-ago period.
  • Management commentary emphasized outperformance versus plan on both production and costs, which likely supported investor sentiment around full-year execution.
  • Sources:

    Barrick Mining Corporation, GlobeNewswire, 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 459 institutional investors add shares of $B stock to their portfolio, and 455 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

    $B Government Contracts

    We have seen $930,950 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:

    To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

    $B Analyst Ratings

    Wall Street analysts have issued reports on $B in the last several months. We have seen 2 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

    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 6 analysts offer price targets for $B in the last 6 months, with a median target of $56.5.

    Here are some recent targets:

    • Anita Soni from CIBC set a target price of $63.0 on 04/21/2026
    • Myles Walton from UBS set a target price of $50.0 on 03/27/2026
    • 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
    • Lawson Winder from B of A Securities set a target price of $48.0 on 11/24/2025

    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.

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