Why Barrick Mining (B) Stock Is Up Today

Barrick Mining (B) is up 7.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a combination of Barrick’s strong second-quarter results and a major agreement with Newmont that expanded the Nevada Gold Mines asset base, resolved disputes, and cleared the way for Barrick’s planned North American gold-assets IPO. This could also be getting an extra lift from improving sentiment around gold prices, which tends to amplify moves in large gold miners.

Details:

Barrick said second-quarter gold production rose 11% from the first quarter to 796,000 ounces, above its guidance range, helped by stronger output at Loulo-Gounkoto, Pueblo Viejo, and Cortez.

The company reported net earnings of $1.22 billion, up 50% from a year earlier, while adjusted earnings per share climbed to $0.82 and revenue increased 44%.

Barrick also announced an agreement with Newmont to add Fourmile, Mike, and Fiberline into Nevada Gold Mines, creating a nearly 100-million-ounce Nevada complex and bringing a $1.95 billion cash payment to Barrick.

Management said the North American IPO remains on track for completion by year-end, while full-year production guidance was maintained and capital spending guidance was reduced.

Sources:

Barrick Mining Corporation, Zacks, 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 474 institutional investors add shares of $B stock to their portfolio, and 542 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 13,383,073 shares (+inf%) to their portfolio in Q2 2026, for an estimated $491,560,271
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 13,040,677 shares (-27.5%) from their portfolio in Q2 2026, for an estimated $478,984,066
VAN ECK ASSOCIATES CORP removed 6,885,817 shares (-10.3%) from their portfolio in Q2 2026, for an estimated $252,916,058
D. E. SHAW & CO., INC. removed 6,742,924 shares (-69.3%) from their portfolio in Q2 2026, for an estimated $247,667,598
CAXTON ASSOCIATES LLP removed 5,988,986 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $244,290,738
BLACKROCK, INC. removed 5,907,927 shares (-10.6%) from their portfolio in Q2 2026, for an estimated $216,998,158
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 5,102,169 shares (+inf%) to their portfolio in Q2 2026, for an estimated $187,402,667

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 5 analysts offer price targets for $B in the last 6 months, with a median target of $50.0.

Here are some recent targets:

Lawson Winder from B of A Securities set a target price of $56.0 on 07/09/2026
Josh Wolfson from RBC Capital set a target price of $49.0 on 07/09/2026
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

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.