Barrick Mining rises as a sharp gold rally boosts sentiment

Barrick Mining Corporation (B) is up 4.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a strong move higher in gold prices, which tends to lift large gold producers like Barrick because higher bullion prices can improve expected margins and cash flow. The move also appears to be supported by Barrick’s already solid backdrop after a strong first-quarter report, unchanged 2026 guidance, and a large share repurchase authorization.

Details:

Gold climbed more than 2% on July 2 after a softer U.S. jobs report reduced expectations for additional rate hikes and pushed the dollar lower, a combination that is typically favorable for bullion.

Barrick is one of the largest gold producers in the market, so a sudden rise in spot gold often translates into a stronger move in the stock than in the metal itself.

In its first-quarter 2026 release, Barrick said gold production of 719,000 ounces beat its own guidance range, while adjusted earnings per share reached $0.98 and revenue rose to $5.22 billion.

That same update kept full-year production and cost guidance unchanged, announced a new $3.0 billion share buyback, and said the planned North American Barrick IPO was progressing toward completion by year end.

Sources:

Barrick Mining, MarketScreener, Investing.com

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

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$B Hedge Fund Activity

We have seen 430 institutional investors add shares of $B stock to their portfolio, and 442 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL INTERNATIONAL INVESTORS removed 19,363,842 shares (-23.1%) from their portfolio in Q1 2026, for an estimated $789,851,115
CAPITAL WORLD INVESTORS added 12,810,828 shares (+78.0%) to their portfolio in Q1 2026, for an estimated $522,553,674
FIRST EAGLE INVESTMENT MANAGEMENT, LLC removed 11,543,428 shares (-35.9%) from their portfolio in Q1 2026, for an estimated $470,856,428
VAN ECK ASSOCIATES CORP added 11,495,209 shares (+20.7%) to their portfolio in Q1 2026, for an estimated $468,889,575
BANK OF MONTREAL /CAN/ added 9,474,484 shares (+39.0%) to their portfolio in Q1 2026, for an estimated $386,464,202
MORGAN STANLEY added 8,075,667 shares (+52.6%) to their portfolio in Q1 2026, for an estimated $329,406,456
TWO SIGMA INVESTMENTS, LP added 7,129,336 shares (+3665.5%) to their portfolio in Q1 2026, for an estimated $290,805,615

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 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:

Myles Walton from UBS set a target price of $50.0 on 06/30/2026
Richard Garchitorena from Barclays set a target price of $41.0 on 05/22/2026
Anita Soni from CIBC set a target price of $63.0 on 04/21/2026
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

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.