Diversify Advisory Services LLC grew its position in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 61.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 90,724 shares of the gold and copper producer’s stock after buying an additional 34,547 shares during the period. Diversify Advisory Services LLC’s holdings in Barrick Mining were worth $3,679,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of B. Groupe la Francaise lifted its position in Barrick Mining by 3.3% during the second quarter. Groupe la Francaise now owns 943,327 shares of the gold and copper producer’s stock valued at $34,667,000 after purchasing an additional 29,816 shares during the period. NewEdge Advisors LLC grew its position in Barrick Mining by 231.3% in the 2nd quarter. NewEdge Advisors LLC now owns 138,414 shares of the gold and copper producer’s stock worth $5,084,000 after purchasing an additional 96,636 shares during the period. Spark Investment Management LLC grew its position in Barrick Mining by 31.6% in the 2nd quarter. Spark Investment Management LLC now owns 50,000 shares of the gold and copper producer’s stock worth $1,837,000 after purchasing an additional 12,000 shares during the period. Summit Securities Group LLC grew its position in Barrick Mining by 203.6% in the 1st quarter. Summit Securities Group LLC now owns 101,400 shares of the gold and copper producer’s stock worth $4,136,000 after purchasing an additional 68,000 shares during the period. Finally, Independent Financial Group LLC bought a new stake in Barrick Mining in the 1st quarter worth approximately $2,202,000. 90.82% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have recently issued reports on B. Canadian Imperial Bank of Commerce downgraded Barrick Mining from a “sector outperform” rating to a “neutral” rating and dropped their price target for the stock from $57.00 to $49.00 in a research note on Friday, October 16th. Weiss Ratings raised Barrick Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Wall Street Zen cut Barrick Mining from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Bank of America reduced their price objective on Barrick Mining from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. increased their target price on Barrick Mining from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.59.
View Our Latest Report on Barrick Mining
Key Stories Impacting Barrick Mining
Here are the key news stories impacting Barrick Mining this week:
Positive Sentiment: Some analysts remain bullish. RBC Dominion Securities initiated an “outperform” rating with a $53 price target, while JPMorgan raised its target to $55 and maintained an “overweight” rating. These targets imply substantial upside from recent levels. RBC Dominion Securities rating JPMorgan rating
Positive Sentiment: Potential longer-term catalysts include dividends, buybacks and production growth. Barrick’s strong balance sheet and exposure to elevated gold and copper prices could support a revaluation if production expands and capital returns improve. Barrick potential catalysts
Neutral Sentiment: Analyst sentiment is divided. Barrick’s valuation remains supported by its profitable operations and prior earnings growth, but investors are awaiting the company’s upcoming third-quarter results for evidence that operating performance and cash generation are keeping pace with higher metals prices. Barrick earnings and cash flow analysis
Negative Sentiment: Freedom Broker downgraded Barrick to “hold” from “buy” and cut its price target to $46 from $54. The firm cited lower near-term EBITDA forecasts, operational risks and valuation constraints. The downgrade contributed to broad weakness across major gold miners, including Barrick, Agnico Eagle and Newmont. Freedom Broker downgrade
Negative Sentiment: Cash-flow concerns are tempering the earnings story. Although second-quarter net earnings rose sharply on stronger gold and copper prices, attributable free cash flow declined year over year, raising questions about cost control, capital spending and the durability of shareholder returns.
Barrick Mining Price Performance
NYSE:B opened at $38.65 on Friday. The company has a quick ratio of 2.36, a current ratio of 3.01 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $42.81 and its two-hundred day simple moving average is $40.91. The stock has a market cap of $63.18 billion, a PE ratio of 11.92, a P/E/G ratio of 1.27 and a beta of 0.48. Barrick Mining Corporation has a 52 week low of $30.98 and a 52 week high of $54.69.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last posted its quarterly earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. The business had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.10 billion. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%. The firm’s revenue for the quarter was up 43.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS. As a group, analysts forecast that Barrick Mining Corporation will post 3.50 EPS for the current fiscal year.
Barrick Mining Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a dividend of $0.1750 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.70 annualized dividend and a dividend yield of 1.8%. Barrick Mining’s payout ratio is currently 18.04%.
Barrick Mining Profile
(Free Report)
Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions.
The company’s gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d’Ivoire, Tanzania and the Democratic Republic of the Congo.
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On October 15, 2026, Barrick Mining Corp
B +4.27% 91
shares rose 4.3% to a current price of $40.55, amidst a 52-week trading range of $30.35 to $54.69. This price movement comes after a year where the stock has gained 19.4%, despite a year-to-date decline of 5.3%.
GF Value™ verdict: The current price is $40.55, which is 19.2% above the GF Value™ estimate of $34.01. GF Score™: 91/100, indicating a strong overall performance. Notable signal: No insider transactions have occurred in the past 12 months. Is B Overvalued or Undervalued? Barrick Mining Corp's shares are currently trading above their GF Value™, which suggests that the stock is overvalued at this price point. The GF Value™ is a proprietary estimate created by GuruFocus that takes into account historical trading multiples, past business growth, and projections for future performance. Given that the stock is priced at $40.55 compared to the GF Value™ of $34.01, it presents a margin of safety of minus 19.2%. As such, investors should be cautious of potential downside risks associated with this valuation.
The GF Valuation label indicates that Barrick is moderately overvalued. This status might raise concerns for prospective investors, as overvalued stocks can correct sharply if re-evaluated by the market, leading to potential losses. It is essential for investors to weigh the current valuation against the inherent risks involved in holding an overvalued asset.
How Does B's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 10.4x 17.4x Forward P/E 9.4x N/A Currently, Barrick's P/E ratio of 10.4x is significantly below its 5-year median of 17.4x, representing a 40% discount compared to its historical valuation. This P/E analysis aligns with the GF Value™ verdict, reinforcing the view that the stock may be overvalued at its current price. The lower P/E ratio suggests that investors are paying less for each dollar of earnings than they have in the past, which could indicate a lack of confidence in the company's future growth prospects or overall market conditions.
What Does B's GF Score™ Tell Us? The GF Score™ evaluates a company's overall performance across several categories, which helps investors assess its quality and potential for growth. Barrick Mining Corp has a GF Score™ of 91/100, indicating a robust financial position and operational strength. Below is a breakdown of its sub-ranks:
Metric Rating GF Score™ 91/100 Financial Strength 8/10 Profitability 8/10 Growth 9/10 Valuation 6/10 Momentum 10/10 Barrick's strongest sub-rank is Momentum (10/10), showing that the stock has performed well in the short term, while the Valuation rank (6/10) highlights some concerns regarding its current pricing relative to its intrinsic value. The solid scores in Financial Strength (8/10) and Profitability (8/10) indicate that the company is fundamentally sound, but the relatively lower Valuation rank suggests caution is warranted.
What Are Gurus and Insiders Doing with B? Currently, 14 gurus hold Barrick Mining Corp's stock, with 10 adding to their positions and 6 trimming their holdings in recent quarters. This activity indicates a generally favorable sentiment among sophisticated investors. The absence of insider transactions in the past 12 months, however, may suggest a lack of confidence from company executives in buying more shares at current prices. The mixed signals from guru activity and the stagnant insider transactions require careful consideration from potential investors.
What This Means for Investors Considering the current valuation and the GF Value™ estimate, Barrick Mining Corp
B +4.27% 91
appears to be overvalued at this time. While the stock has shown strong momentum and favorable guru sentiment, the significant gap between the current price and the GF Value™ indicates that investors may face risks if the price corrects to align more closely with intrinsic value. For further details on the stock, visit the Barrick Mining Corp (B) stock page.
Frequently Asked Questions What is B's GF Score™?
Barrick Mining Corp
B +4.27% 91
has a GF Score™ of 91/100, indicating a strong overall performance in terms of financial health and growth prospects.
Is B overvalued or undervalued?
According to the GF Value™, Barrick Mining Corp is overvalued, as its current price of $40.55 is 19.2% above the estimated fair value of $34.01.
What is B's P/E ratio?
Barrick Mining Corp has a P/E (TTM) of 10.4x, which is significantly below its 5-year median of 17.4x, indicating a 40% discount compared to its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
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Stock to Watch: Barrick Mining (B - Free Report) Barrick Mining Corporation, based in Toronto, Canada, is among the largest gold mining companies in the world. The company has many advanced exploration and development projects located across five continents. It has one of the largest portfolios of world-class gold and copper assets in the industry, spanning 17 countries.
B is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. B has a Growth Style Score of B, forecasting year-over-year earnings growth of 45.5% for the current fiscal year.
For fiscal 2026, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.00 to $3.52 per share. B boasts an average earnings surprise of +14.4%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, B should be on investors' short list.
Perpetual Ltd lessened its stake in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 47.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 986,173 shares of the gold and copper producer’s stock after selling 873,519 shares during the period. Perpetual Ltd owned 0.06% of Barrick Mining worth $40,108,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of B. Employees Provident Fund Board acquired a new stake in shares of Barrick Mining during the fourth quarter valued at approximately $221,664,000. Renaissance Technologies LLC boosted its stake in Barrick Mining by 335.8% in the 1st quarter. Renaissance Technologies LLC now owns 5,476,478 shares of the gold and copper producer’s stock worth $223,386,000 after purchasing an additional 4,219,700 shares during the period. Royal Bank of Canada boosted its stake in Barrick Mining by 10.9% in the 1st quarter. Royal Bank of Canada now owns 39,598,520 shares of the gold and copper producer’s stock worth $1,615,225,000 after purchasing an additional 3,881,841 shares during the period. Bank of New York Mellon Corp acquired a new position in Barrick Mining in the 2nd quarter worth approximately $117,374,000. Finally, Lazard Asset Management LLC grew its position in Barrick Mining by 46.9% during the 1st quarter. Lazard Asset Management LLC now owns 3,837,842 shares of the gold and copper producer’s stock worth $156,833,000 after purchasing an additional 1,224,980 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.
Barrick Mining Price Performance NYSE B opened at $40.87 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.01 and a quick ratio of 2.36. The firm has a market capitalization of $66.81 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 1.20 and a beta of 0.48. The company has a 50 day simple moving average of $42.95 and a 200-day simple moving average of $40.91. Barrick Mining Corporation has a 52-week low of $30.35 and a 52-week high of $54.69.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last announced its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The firm’s revenue was up 43.8% on a year-over-year basis. Equities research analysts predict that Barrick Mining Corporation will post 3.48 earnings per share for the current fiscal year. Barrick Mining Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a dividend of $0.1750 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, August 31st. Barrick Mining’s payout ratio is currently 18.04%.
Wall Street Analyst Weigh In Several analysts have issued reports on B shares. Canadian Imperial Bank of Commerce set a $57.00 target price on shares of Barrick Mining in a research note on Wednesday, August 12th. UBS Group decreased their target price on Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Royal Bank Of Canada lifted their price target on Barrick Mining from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Weiss Ratings upgraded Barrick Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Finally, TD set a $59.00 price target on Barrick Mining and gave the company a “buy” rating in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Barrick Mining presently has an average rating of “Moderate Buy” and a consensus price target of $53.39.
Read Our Latest Stock Analysis on B
About Barrick Mining (Free Report)
Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions.
The company’s gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d’Ivoire, Tanzania and the Democratic Republic of the Congo.
Read More Five stocks we like better than Barrick Mining Salesforce Just Got a Rare Double Upgrade—What Changed? OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit 3 REITs That May Win in a Higher Interest Rate Environment Want to see what other hedge funds are holding B? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX).
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
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Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
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VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.86% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
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Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Barrick Mining (B - Free Report) Barrick Mining Corporation, based in Toronto, Canada, is among the largest gold mining companies in the world. The company has many advanced exploration and development projects located across five continents. It has one of the largest portfolios of world-class gold and copper assets in the industry, spanning 17 countries.
B is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 11.48; value investors should take notice.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.05 to $3.56 per share. B boasts an average earnings surprise of +14.4%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, B should be on investors' short list.
TORONTO, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) will release its third quarter 2026 results before markets open on Monday, November 9, 2026, at 6:00 a.m. ET. The management team will host a live webcast and presentation at 11:00 a.m. ET the same day, followed by a question-and-answer session with analysts.
Event Details
Monday, November 9, 2026
Results release – 6:00 a.m. ETLive webcast and presentation – 11:00 a.m. ET Webcast Access
To join the webcast, please register here.Analysts requesting access to the Q&A session should register here. Presentation materials will be available on Barrick’s website prior to the event. A replay of the webcast will be available shortly after its conclusion.
About Barrick Mining Corporation
Barrick is a leading global mining, exploration, and development company. With one of the industry’s largest portfolios of world-class and long-life gold and copper assets, Barrick’s operations and projects span 17 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships, and a disciplined approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under the symbol ‘ABX’.
On October 07, 2026, Barrick Mining Corp B shares fell 3.8% to a current price of $39.18. The stock has been volatile, trading between a 52-week high of $54.69 and a low of $30.35 over the past year.
GF Value™ verdict: The current price of $39.18 is 15.3% above the GF Value™ estimate of $33.98, indicating the stock is overvalued.GF Score™: With a score of 90/100, it signifies strong overall performance in key areas.Most notable signal: There have been no insider transactions in the past 12 months.Is B Overvalued or Undervalued?According to the GF Value™, Barrick Mining Corp is currently trading at a price that is above its intrinsic value estimate, which is derived from analyzing historical trading multiples and assessing future performance forecasts. The current price of $39.18 represents a 15.3% overvaluation compared to the GF Value™ of $33.98. This modestly overvalued label suggests that the stock may be facing downward pressure or limited upside potential, given the current market dynamics and valuation metrics.
For potential investors, this overvaluation indicates a risk factor; purchasing shares at these levels could lead to lower returns if the market corrects itself. The margin of safety is lacking, which raises concerns about the sustainability of the stock price, especially in a fluctuating commodities market.
How Does B's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)10.1x17.4xForward P/E9.1xN/ABarrick Mining Corp's current P/E ratio of 10.1x is significantly below its 5-year median of 17.4x, indicating that the stock is trading at a lower valuation relative to its historical norms. This analysis aligns with the GF Value™ verdict, which suggests that the stock is overvalued. The lower P/E ratio could reflect current market skepticism about the company's growth prospects or broader economic conditions affecting the mining sector.
What Does B's GF Score™ Tell Us?The GF Score™ serves as a composite measure of a stock's financial health, growth potential, profitability, and valuation. Barrick Mining Corp boasts a GF Score™ of 90/100, indicating strong overall performance. Its strongest sub-ranks are in Growth (9/10) and Profitability (8/10), while the Valuation rank is weaker at 5/10.
MetricRatingGF Score™90Financial Strength8/10Profitability8/10Growth9/10Valuation5/10Momentum9/10Overall, the scores indicate that while Barrick Mining Corp maintains a solid financial strength and growth outlook, its valuation is a weaker area that may require attention. The high momentum rank suggests that the stock has been performing well in terms of price trends, but this may not translate into sustainable long-term value given the current overvaluation status.
What Are Gurus and Insiders Doing with B?Currently, 14 gurus hold Barrick Mining Corp shares, with 10 increasing their positions and 6 trimming them in recent quarters. This indicates positive sentiment from a majority of the tracked gurus, which is a strong signal given that GuruFocus's 13F data reflects expert confidence in the company.
However, it's noteworthy that there have been no insider transactions in the past 12 months, suggesting a lack of personal investment or confidence from company executives in buying additional shares. This pattern could imply that insiders are cautious about the current valuation and market conditions.
What This Means for InvestorsIn conclusion, based on the GF Value™ estimate, Barrick Mining Corp appears to be overvalued at the current price level of $39.18. While the company showcases strong financial metrics and growth potential, the high valuation relative to its intrinsic value suggests caution moving forward. Investors may want to keep an eye on market conditions and the stock's performance before making any decisions. For further details, you can visit the Barrick Mining Corp B stock page, as well as explore the GF Value™ page for more insights.
Frequently Asked QuestionsWhat is B's GF Score™?
Barrick Mining Corp has a GF Score™ of 90/100, indicating strong overall performance across key financial metrics.
Is B overvalued or undervalued?
Barrick Mining Corp is currently overvalued, with a GF Value™ estimate of $33.98 compared to the current price of $39.18.
What is B's P/E ratio?
The P/E ratio for Barrick Mining Corp is 10.1x, which is significantly below its 5-year median of 17.4x, indicating a lower valuation compared to historical levels.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
Key Takeaways B renewed North Mara's Special Mining Licenses for 15 years, supporting continued investment in Tanzania. Barrick has contributed $5.3 billion to Tanzania's economy since 2019, including $1.2 billion in 2025. Tanzanian nationals make up 96% of Barrick's roughly 3,000 employees in the country. Barrick Mining Corporation (B - Free Report) announced that the Government of Tanzania has renewed the Special Mining Licenses for its North Mara Gold Mine for another 15 years, supporting continued investment in the mine, its workforce and surrounding communities.
North Mara Strengthens Local Economic ImpactSince Barrick took over operations in 2019, North Mara has increased local employment and expanded economic benefits for nearby communities. Tanzanian nationals now account for 96% of Barrick's approximately 3,000 employees in the country, with 47% coming from communities surrounding its mines.
Barrick has contributed approximately $5.3 billion to Tanzania's economy since 2019, including $1.2 billion in 2025 through taxes, royalties, salaries, dividends and local procurement. More than 90% of procurement is sourced from Tanzanian-registered companies, with the majority being indigenous businesses.
In 2025, Barrick received several awards from the Tanzanian Government, including recognition as the top dividend payer and highest contributor to government revenues.
The renewal also reinforces the partnership between Barrick and the Tanzanian Government. The two established Twiga Minerals in 2019 to jointly operate the North Mara and Bulyanhulu mines. The Government holds a 16% interest in each mine, while the two partners share the economic benefits equally.
Per Barrick Mining, the license renewal marks an important milestone for North Mara and the company's partnership with Tanzania, while reinforcing its commitment to building long-term relationships with government, communities and other stakeholders.
Price Performance of BShares of B have risen 20.4% over the past year compared with the industry’s 13.4% growth.
Some better-ranked stocks in the Basic Materials space are Ternium S.A. (TX - Free Report) , Avient Corporation (AVNT - Free Report) and Air Products and Chemicals, Inc. (APD - Free Report) . TX currently sports a Zacks Rank #1 (Strong Buy), while AVNT and APD carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for TX’s current-year earnings stands at $6.54 per share, implying a 201.4% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with the negative average surprise being 11.1%.
The Zacks Consensus Estimate for AVNT’s current-year earnings is pegged at $3.2 per share, indicating a 13.5% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in all of the trailing four quarters, with the average surprise being 3.4%.
The Zacks Consensus Estimate for APD’s current fiscal-year earnings is pegged at $13.46 per share, indicating a 11.9% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, with the average surprise being 2.9%.
Barrick Mining (NYSE:B – Get Free Report) and Constellium (NYSE:CSTM – Get Free Report) are both materials companies, but which is the better business? We will compare the two companies based on the strength of their profitability, risk, institutional ownership, earnings, valuation, dividends and analyst recommendations.
Valuation and Earnings This table compares Barrick Mining and Constellium”s gross revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Barrick Mining $16.96 billion 3.86 $4.99 billion $3.88 10.31 Constellium $8.45 billion 0.41 $273.00 million $3.88 6.52 Barrick Mining has higher revenue and earnings than Constellium. Constellium is trading at a lower price-to-earnings ratio than Barrick Mining, indicating that it is currently the more affordable of the two stocks. Volatility and Risk Barrick Mining has a beta of 0.48, suggesting that its stock price is 52% less volatile than the S&P 500. Comparatively, Constellium has a beta of 1.57, suggesting that its stock price is 57% more volatile than the S&P 500.
Analyst Ratings This is a breakdown of recent ratings and target prices for Barrick Mining and Constellium, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Barrick Mining 0 4 16 1 2.86 Constellium 0 2 4 1 2.86 Barrick Mining currently has a consensus price target of $52.90, indicating a potential upside of 32.22%. Constellium has a consensus price target of $35.60, indicating a potential upside of 40.66%. Given Constellium’s higher probable upside, analysts plainly believe Constellium is more favorable than Barrick Mining.
Profitability This table compares Barrick Mining and Constellium’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Barrick Mining 31.60% 16.02% 11.22% Constellium 5.69% 51.66% 9.63% Institutional and Insider Ownership 90.8% of Barrick Mining shares are owned by institutional investors. Comparatively, 92.6% of Constellium shares are owned by institutional investors. 0.6% of Barrick Mining shares are owned by company insiders. Comparatively, 1.2% of Constellium shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Summary Barrick Mining beats Constellium on 7 of the 12 factors compared between the two stocks.
About Barrick Mining (Get Free Report)
Barrick Gold Corporation is a sector-leading gold and copper producer. Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick. Nevada Gold Mines is the world’s largest gold mining complex. Barrick owns and operates six Tier One gold mines: Cortez, Carlin and Turquoise Ridge in Nevada, Loulo-Gounkoto in Mali, Kibali in the Democratic Republic of Congo and Pueblo Viejo in the Dominican Republic.
It has gold and copper mines and projects in 13 countries in North and South America, Africa, Papua New Guinea and Saudi Arabia. Barrick’s diversified portfolio spans the world’s most prolific gold districts and is focused on high-margin, long life assets.
About Constellium (Get Free Report)
Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry. The Packaging & Automotive Rolled Products segment produces rolled aluminum products, including can stock and closure stock for the beverage and food industry, as well as foil stock for the flexible packaging market. This segment also supplies automotive body sheets and heat exchangers for the automotive market; and specialty reflective sheets. The Aerospace & Transportation segment provides rolled aluminum products, including aerospace plates, sheets, and extrusions; and aerospace wing skins, as well as plates and sheets for use in transportation, industry, and defense applications. The Automotive Structures & Industry segment offers extruded aluminium products and aluminium structural components for the automotive industry, including crash-management systems, body structures, side impact beams, and battery enclosures; and fabricates hard and soft alloy extruded profiles for various industry applications in the automotive, engineering, rail, and other transportation end markets. This segment also provides downstream technology and services, which include pre-machining, surface treatment, research and development, and technical support services. It sells its products directly or through distributors in France, Germany, the Czech Republic, the United Kingdom, Switzerland, and the United States, as well as Shanghai, and Seoul. The company was incorporated in 2010 and is headquartered in Paris, France.
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of B, ABX:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Barrick Mining Corporation (B - Free Report) is leveraging its robust cash generation and solid balance sheet to consistently return value to its shareholders, reinforcing its standing as a capital return-focused gold producer. Barrick generated strong operating cash flows last year, with a significant portion funneled back to its investors.
At the end of second-quarter 2026, the company held roughly $5.9 billion of cash against $4.7 billion of debt, leaving $1.2 billion of net cash. It generated strong operating cash flows of roughly $1.7 billion, up 28% year over year, while free cash flow rose 30% to $515 million.
Barrick returned $1.5 billion to its shareholders in the second quarter, including $1.21 billion of share repurchases under its $3 billion authorization. Barrick’s new dividend policy targets a total payout of 50% of attributable free cash flow on an annualized basis. It offers a dividend yield of 1.7% at the current stock price with a payout ratio of 20%. A ratio below 60% is a good indicator that the dividend will be sustainable.
Backed by strong liquidity and reliable cash flows, B is well placed to pursue compelling exploration and development opportunities while sustaining shareholder returns and supporting organic growth.
Among its major peers, Newmont Corporation (NEM - Free Report) has distributed $3.4 billion to its shareholders through dividends and share repurchases in 2025. NEM has returned $1.9 billion to its shareholders since April 23, 2026. Newmont has executed buybacks under the current $6 billion authorized share repurchase program, with $4.3 billion remaining under it.
Agnico Eagle Mines Limited (AEM - Free Report) is capitalizing on its strong free cash flow to boost shareholder value through dividends and share buybacks. AEM returned around $1.4 billion to its shareholders in 2025, representing a third of its free cash flow. Agnico Eagle plans to return 40% of its annual free cash flow to its shareholders this year.
B’s Price Performance, Valuation & EstimatesBarrick’s shares have gained 22.4% in the past year compared with the Zacks Mining – Gold industry’s rise of 13.7%.
Image Source: Zacks Investment Research
From a valuation standpoint, B is currently trading at a forward 12-month earnings multiple of 10.65, a roughly 13.3% discount when stacked up with the industry average of 12.29X. It carries a Value Score of B.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for B’s 2026 and 2027 earnings implies a year-over-year rise of 43.8% and 15.2%, respectively. The EPS estimates for 2026 and 2027 have been trending lower over the last 60 days.
Data Centers Got the AI Hype—But Office REITs May Get the Rent HikesBarrick Mining NYSE: B said it is working to rebuild its operating credibility through improved safety, consistent guidance delivery, project execution and a planned North American initial public offering, according to remarks from management at a company event.
Management said the company had identified four priorities following a management change a year ago: safety, operational delivery, growth and the North American IPO. The company said its safety performance had improved from what it characterized as one of the weakest records in the industry, with fatalities addressed and severe accidents reduced significantly. However, management cautioned that rebuilding a safety culture will take time.
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3 More AI Infrastructure Plays Beyond the Big NamesOn operations, management said Barrick expects its third-quarter results to mark a fourth consecutive quarter of meeting both production and cost guidance. The company acknowledged that investors may require a longer track record, with management saying it has heard that 18 months of consistent performance may be needed before the market recognizes a sustained change.
North American IPO remains targeted for year-end The company said its North American IPO remains on track for the end of the year, though administrative formalities could move the timing into January. Management said there would not be a significant delay.
5 Scary-Good Stocks With Strong October Catalysts and Breakout PotentialUnder the planned structure, management said it will lead the North American IPO business, while Seb Bock, CEO of Rest of World for Barrick Mining, will lead the company’s operations outside North America. The company said the two operating teams are largely independent already. Board composition remains under discussion and will be determined by Barrick’s current board, management said.
Management also reaffirmed its existing multiyear growth guidance, saying the company is seeking to avoid the past practice of resetting its outlook annually.
Nevada growth strategy centers on processing capacity Tim Cribb, Barrick’s COO for North America, said the company is pursuing work intended to return Nevada Gold Mines, or NGM, to a production rate of 3 million ounces or more annually. Barrick owns 61.5% of the NGM joint venture, which includes the Carlin, Cortez and Turquoise Ridge Tier One districts, as well as Phoenix.
Cribb said Fourmile has recently been brought into the Cortez structure, allowing Barrick to assess additional processing alternatives. The company continues to evaluate rail transportation of Cortez ore to Carlin processing facilities, a move that could address over-the-road transport restrictions and reduce operating costs.
At the same time, Barrick has begun work on an option for additional processing capacity at Cortez, potentially including a roaster similar to the facility at Carlin. Cribb said direct processing at Cortez could lower operating costs, add production and support output above 3 million ounces annually.
Barrick said Cortez could become a 1 million-ounce annual producer on a 100% basis for more than a decade. The company is targeting the KB and Crow areas between Goldrush and Fourmile, where it said drilling results have benefited from geological knowledge gained at Fourmile. Carlin could sustain production above 1 million ounces annually for at least another decade, according to Cribb. Barrick is studying additional material-handling capacity at Greater Leeville, including an extra shaft or decline. Cribb said Barrick expects modest near-term growth from increased open-pit ore and the continuing Goldrush ramp-up. Beyond 2030, the company expects additional processing capacity to create a path to production above 3 million ounces annually.
Outside Nevada, management said Pueblo Viejo in the Dominican Republic has seen improved throughput and recovery as the company stabilizes its expansion project and resettlement program. Barrick said tailings-storage issues have been stabilized, while work on flotation cells with joint-venture partners remains longer dated. The company also said Lumwana’s expansion is on track and on budget.
Rest-of-world portfolio emphasizes copper and existing assets Bock said Barrick’s rest-of-world business spans nine countries and two commodities, holds more than half of the group’s reserves and contains all of its copper operations. He said the business has met or exceeded production guidance for seven consecutive years and is on track to do so again this year.
Bock highlighted Kibali, Veladero, Loulo-Gounkoto and Lumwana as key assets. He said Loulo-Gounkoto has restored operational control after a dispute with the government led to a suspension last year. Barrick renewed the operation’s license for another 10 years and is ahead of its original ramp-up schedule, Bock said. The company also recently renewed North Mara’s license for 15 years.
At Lumwana, Bock said the Super Pit expansion is expected to more than double annual copper production from 117,000 tons before expansion to 240,000 tons annually, while extending mine life to 30 years. The project remains on time and on budget, with mill installation expected to begin at the end of the year and first copper targeted by the end of the first quarter of 2028.
Bock said Barrick is advancing a pre-feasibility study for a potential Kibali expansion following the ARK discovery, evaluating low-capital debottlenecking at its Tanzanian Twiga complex, and assessing regional opportunities around Veladero. He described these brownfield projects as the company’s lowest-cost and lowest-risk growth options.
For the Reko Diq copper-gold project, Barrick said it is reviewing the development plan, phasing and funding, and requires suitable operating conditions before committing capital at scale. Management earlier said it had slowed the project while revisiting its EPCM strategy and seeking security improvements before moving into a full construction schedule.
About Barrick Mining (NYSE:B)Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions.
The company's gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d'Ivoire, Tanzania and the Democratic Republic of the Congo.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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TORONTO, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) will present today at Mining Forum Americas 2026. Barrick’s leaders will review progress, plans, and growth opportunities across the world-class portfolios of its two operating regions, North America and Rest of World.
Presenting for Barrick will be:
Mark Hill, President and Chief Executive OfficerTim Cribb, Chief Operating Officer, North AmericaSebastiaan Bock, Chief Executive Officer, Rest of World
Mark Hill and Tim Cribb will outline the North American portfolio’s potential for sustained production and growth, including opportunities to expand production through brownfield development, infrastructure investments, and exploration. Some of these initiatives have the potential to raise annual gold production at NGM to more than three million ounces for the next decade.
Seb Bock will provide an update on Barrick's Rest of World business, including the ramp-up of Loulo-Gounkoto, construction progress at the Lumwana Super Pit Expansion, and a pipeline of exciting future growth opportunities competing for capital in a disciplined allocation framework.
“Our job is straightforward: operate safely, deliver our guidance, and deliver our growth projects,” said Hill.
Barrick’s presentation begins today at 9:00 a.m. Mountain Time. A live webcast will be available at https://mf.live/?play4440, and the presentation deck is available to download now at www.barrick.com.
About Barrick Mining Corporation
Barrick is a leading global mining, exploration, and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry, Barrick’s operations and projects span 17 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships, and a disciplined approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under the symbol ‘ABX’.
Cautionary Statement on Forward-Looking Information
Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “ramp up”, “future”, “growth”, “opportunity”, “outline”, “expand”, “progress”, “continue”, “focus”, “will”, “could”, and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: anticipated production growth from Barrick’s organic project pipeline, including through brownfield development, infrastructure investments and exploration success; potential future production at Nevada Gold Mines and Pueblo Viejo, including initiatives that could support Nevada Gold Mines as a more than three-million-ounce annual gold complex for more than a decade; the prospects of our Rest of World business, including our plans and expected completion and benefits of our growth projects, including the Lumwana Super Pit Expansion, our pipeline of future growth opportunities at or near existing operations and the ramp-up of operations at Loulo-Gounkoto; Barrick’s planned exploration activities; joint ventures and partnerships; Barrick’s intention to continue to improve safety performance; and Barrick’s disciplined capital allocation framework.
Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this press release in light of management’s experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper or certain other commodities (such as silver, diesel fuel, natural gas and electricity); risks associated with projects in the early stages of evaluation and for which additional engineering and other analysis is required; risks related to the possibility that future exploration results will not be consistent with the Company’s expectations, that quantities or grades of reserves will be diminished, and that resources may not be converted to reserves; risks associated with the fact that certain of the initiatives described in this press release are still in the early stages and may not materialize; changes in mineral production performance, exploitation and exploration successes; risks that exploration data may be incomplete and considerable additional work may be required to complete further evaluation, including but not limited to drilling, engineering and socioeconomic studies and investment; the speculative nature of mineral exploration and development; lack of certainty with respect to foreign legal systems, corruption and other factors that are inconsistent with the rule of law; disruption of supply routes which may cause delays in construction and mining activities, including disruptions in the supply of key mining inputs due to the invasion of Ukraine by Russia and conflicts in the Middle East; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; risks associated with artisanal and illegal mining; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices; expropriation or nationalization of property and political or economic developments in Canada, the United States or other countries in which Barrick does or may carry on business in the future; risks relating to political instability in certain of the jurisdictions in which Barrick operates; timing of receipt of, or failure to comply with, necessary permits and approvals; non-renewal of key licenses by, or failure to obtain key licenses from governmental authorities; failure to comply with environmental and health and safety laws and regulations; increased costs and physical and transition risks related to climate change, including extreme weather events, resource shortages, emerging policies and increased regulations relating to greenhouse gas (“GHG”) emission levels, energy efficiency and reporting of risks; Barrick’s ability to achieve its sustainability goals, including its climate related goals and GHG emissions reduction targets; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; the liability associated with risks and hazards in the mining industry, and the ability to maintain insurance to cover such losses; damage to the Company’s reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company’s handling of environmental matters or dealings with community groups, whether true or not; risks related to operations near communities that may regard Barrick’s operations as being detrimental to them; litigation and legal and administrative proceedings; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges, tailings dam and storage facilities failures, and disruptions in the maintenance or provision of required infrastructure and information technology systems; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; risks associated with working with partners in jointly controlled assets; risks associated with Barrick’s infrastructure, information technology systems and the implementation of Barrick’s technological initiatives, including risks related to cybersecurity incidents, including those caused by computer viruses, malware, ransomware and other cyberattacks, or similar information technology system failures, delays and/or disruptions; the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; the impact of inflation, including global inflationary pressures driven by ongoing global supply chain disruptions, global energy cost increases following the invasion of Ukraine by Russia and country-specific political and economic factors in Argentina and uncertainty related to Venezuela; adverse changes in our credit ratings; fluctuations in the currency markets; changes in U.S. dollar interest rates; changes in U.S. trade, tariff and other controls on imports and exports, tax, immigration or other policies that may impact relations with foreign countries, result in retaliatory policies, lead to increased costs for raw materials and components, or impact Barrick's existing operations and material growth projects; risks arising from holding derivative instruments (such as credit risk, market liquidity risk and mark-to-market risk); risks related to the demands placed on the Company’s management, the ability of management to implement its business strategy and enhanced political risk in certain jurisdictions; uncertainty whether some or all of Barrick’s targeted investments and projects will meet the Company’s capital allocation objectives and internal hurdle rate; whether benefits expected from recent transactions are realized; business opportunities that may be presented to, or pursued by, the Company; our ability to successfully integrate acquisitions or complete divestitures; risks related to competition in the mining industry; employee relations including loss of key employees; availability of and increased costs associated with mining inputs and labor; risks associated with diseases, epidemics and pandemics; risks related to the failure of internal controls; and risks related to the impairment of the Company's goodwill and assets. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).
Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick’s ability to achieve the expectations set forth in the forward-looking statements contained in this press release.
Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
FLORHAM PARK, N.J., Sept. 24, 2026 (GLOBE NEWSWIRE) -- Barnes & Noble Education, Inc. (NYSE: BNED) announced today that its board of directors declared a quarterly cash dividend of $0.08 per share of common stock payable to shareholders of record as of October 14, 2026. The dividend will be payable on October 29, 2026.
ABOUT BARNES & NOBLE EDUCATION, INC.
Barnes & Noble Education, Inc. (NYSE: BNED) is a leading solutions provider for the education industry, driving affordability, access and achievement at hundreds of academic institutions nationwide and ensuring millions of students are equipped for success in the classroom and beyond. Through its family of brands, BNED offers campus retail services and academic solutions, wholesale capabilities and more. BNED is a company serving all who work to elevate their lives through education, supporting students, faculty and institutions as they make tomorrow a better and smarter world. For more information, visit www.bned.com.
Investor Contact:
Greg McKinley / Rob Fink
FNK IR [email protected]
952-393-4255 / 646-809-4048
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expect," "anticipate," "intend," "plan," "will," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied, including the Company's financial condition, results of operations and cash flows; the Company's ability to comply with covenants contained in its credit agreement; general economic and market conditions; and other risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.
The declaration of any future dividends remains subject to the review and approval of the Board of Directors in its sole discretion and in accordance with applicable law. The Board reserves the right to modify, suspend, or discontinue the dividend at any time as it evaluates the Company's capital allocation strategy and ensures compliance with applicable restrictions, including those set forth in the Company's credit agreement. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Canada’s Prime Minister Mark Carney has unveiled radical policy changes at the inaugural Canada Investment Summit. Dubbed “Productivity Mega Deduction,” the deduction measures immediately widen across industries, including mining, oil and gas, computer equipment, research and development, and rail track.
Ottawa is also making immediate expensing permanent, pushing Canada’s marginal effective tax rate on new business investment from about 13% to 6.4% — the lowest of any major economy and less than half the U.S. rate.
“This is one of the most significant changes to Canada’s business tax system in half a century,” Finance Minister François-Philippe Champagne said, calling it the foundation for “an investment supercycle.”
While the government targets $1 trillion in new investment, the policy rewrites capital economics for mining producers at a moment when TD Cowen sees immediate opportunities across precious-metal miners.
From Talk to ActionThe scope and size of changes have immediately driven reactions from the investment community. Michael Gentile, co-founder of Bastion Asset Management, acknowledged it as a “concrete action to stimulate investments in Canada.”
Historically, miners recouped only 5% to 10% of capital spending in year one. Under the new regime, a $1 billion mine build returns $250 million to $300 million in first-year tax savings.
“If they put a billion dollars of capital to work, they would get immediately $250 million off that year in cash off their taxes,” Gentile said.
“So, you have basically given any mining company in the world who wants to build a project in Canada that has taxable income in Canada a 25% off deal on capital going in the ground.”
For large producers paying billions in Canadian taxes, the shield instantly offsets liabilities and lifts project-level IRRs. Gentile expects this to accelerate an “M&A frenzy,” since juniors are still cheap while seniors post record profits.
“If you’re a major mining company thinking about buying a junior today, you like it 25, 30, 40% more,” he explained.
TD Cowen’s Top PicksAccording to TW Cowen’s “Canada Best Ideas” report, the mining sector offers notable opportunities. The bank singled out Barrick Mining Corporation (NYSE:B) and Equinox Gold Corp. (NYSE:EQX) among the top 24 ideas for the next few quarters.
Barrick has recently lagged its peers mainly owing to its geopolitical risk, an issue the upcoming asset spinout plans to solve.
It currently trades at a 25% discount to large-cap North American peers. TD Cowen’s $59 (82.60 Canadian dollars) target implies a 38% return. The miner should generate about $8 billion in free cash flow over the next year, an 11% yield, with gold output forecast to rise 16% to 3.7 million oz. in 2027 and copper up 7% to 225,000 tons.
“Barrick offers an attractive combination of improving operational execution, strong free cash flow generation and near-term IPO catalysts,” analyst Steven Green said.
Meanwhile, Equinox trades at a 20% net asset value (NAV) discount. Analyst Wayne Lam’s 20 Canadian dollars ($14.29) target implies 17% upside, and he sees the stock able “to serve as a core holding for investors” following the Orla Mining acquisition, which adds three Canadian flagship assets and a “robust” North American pipeline.
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Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.8% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Barrick Mining (B - Free Report) Barrick Mining Corporation, based in Toronto, Canada, is among the largest gold mining companies in the world. The company has many advanced exploration and development projects located across five continents. It has one of the largest portfolios of world-class gold and copper assets in the industry, spanning 17 countries.
B is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. B has a Growth Style Score of B, forecasting year-over-year earnings growth of 43.8% for the current fiscal year.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.00 to $3.48 per share. B boasts an average earnings surprise of +14.4%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, B should be on investors' short list.
Investors in Barnes & Noble Education, Inc. (BNED - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Sept. 18, 2026 $2.50 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Barnes & Noble Education shares, but what is the fundamental picture for the company? Currently, Barnes & Noble Education is a Zacks Rank #2 (Buy) in the Consumer Products - Discretionary industry that ranks in the Bottom 39% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 84 cents per share to 67 cents in that period.
Given the way analysts feel about Barnes & Noble Education right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Barnes & Noble Education is pivoting its operations from being a legacy bookstore retailer to being an infrastructure layer for inclusive programs that aim at making educational materials more affordable. This business model comes with recurring revenue, higher sales volume, and more predictable pricing. In fact, this is the part of the business that is currently holding up BNED's growth. But the current sales multiple still prices BNED like a legacy retailer, showing no appreciation of this shift. I expect the mispricing to correct once the financial outlook further improves.
RFG Advisory LLC lowered its position in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 50.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 27,955 shares of the gold and copper producer’s stock after selling 28,664 shares during the period. RFG Advisory LLC’s holdings in Barrick Mining were worth $1,027,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings in Barrick Mining by 231.3% during the 2nd quarter. NewEdge Advisors LLC now owns 138,414 shares of the gold and copper producer’s stock worth $5,084,000 after acquiring an additional 96,636 shares during the period. Spark Investment Management LLC increased its holdings in Barrick Mining by 31.6% in the second quarter. Spark Investment Management LLC now owns 50,000 shares of the gold and copper producer’s stock worth $1,837,000 after purchasing an additional 12,000 shares in the last quarter. West Family Investments Inc. increased its holdings in Barrick Mining by 82.8% in the second quarter. West Family Investments Inc. now owns 9,811 shares of the gold and copper producer’s stock worth $360,000 after purchasing an additional 4,444 shares in the last quarter. Bank OZK lifted its stake in Barrick Mining by 24.1% in the second quarter. Bank OZK now owns 39,317 shares of the gold and copper producer’s stock valued at $1,444,000 after buying an additional 7,635 shares during the period. Finally, Nykredit A S acquired a new position in Barrick Mining in the second quarter valued at approximately $3,917,000. 90.82% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades Several research firms have recently weighed in on B. Citigroup lifted their price objective on shares of Barrick Mining from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Barrick Mining in a research note on Friday, August 7th. TD reduced their price target on shares of Barrick Mining from $61.00 to $59.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their price target on shares of Barrick Mining from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. Finally, Scotiabank dropped their price objective on shares of Barrick Mining from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.63.
Get Our Latest Analysis on B Barrick Mining Stock Up 0.4% Barrick Mining stock opened at $43.62 on Friday. The firm has a market capitalization of $71.80 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.28 and a beta of 0.51. The firm’s fifty day moving average price is $40.81 and its two-hundred day moving average price is $41.40. Barrick Mining Corporation has a 1-year low of $28.38 and a 1-year high of $54.69. The company has a current ratio of 3.01, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last posted its earnings results on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The firm’s revenue for the quarter was up 43.8% on a year-over-year basis. On average, equities research analysts predict that Barrick Mining Corporation will post 3.48 earnings per share for the current fiscal year.
Barrick Mining Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 31st. Barrick Mining’s payout ratio is currently 18.04%.
Barrick Mining Company Profile (Free Report)
Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the production of gold and copper. Its activities include the exploration, development, construction and operation of mines, as well as processing ore into refined metal products.
The company operates and holds interests in mining assets across several regions, including North America, South America, Africa, the Middle East and Papua New Guinea. Its portfolio includes gold operations such as Nevada Gold Mines in the United States, Pueblo Viejo in the Dominican Republic, Veladero in Argentina, Kibali in the Democratic Republic of the Congo, and North Mara and Bulyanhulu in Tanzania.
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A month has gone by since the last earnings report for Barrick Mining (B - Free Report) . Shares have added about 9.9% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Barrick Mining due for a pullback? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for Barrick Mining Corporation before we dive into how investors and analysts have reacted as of late.
Barrick's Q2 Earnings & Sales Top Estimates on Higher PricesBarrick recorded profits (on a reported basis) of $1,217 million or 73 cents per share for second-quarter 2026, up 50% from $811 million or 47 cents per share in the year-ago quarter.
Barring one-time items, adjusted earnings per share were 82 cents. The figure beat the Zacks Consensus Estimate of 81 cents and increased around 74% year over year.
Barrick recorded total sales of $5,292 million, up 44% year over year. The top line surpassed the Zacks Consensus Estimate of $4,487.7 million.
Operational HighlightsTotal gold production was 796,000 ounces in the reported quarter, essentially flat year over year compared with 797,000 ounces. The metric beat the consensus estimate of 764,000 ounces. The average realized price of gold was $4,417 per ounce in the quarter, up around 34%.
The cost of sales increased around 20% year over year to $1,993 per ounce. AISC rose around 11% to $1,866 per ounce in the quarter.
Financial PositionAt the end of the quarter, Barrick had cash and cash equivalents of $5,927 million, up 23% from the prior-year quarter. The company’s total debt was $4,682 million at the end of the quarter, down around 1% year over year.
The operating cash flow was $1.7 billion for the quarter, up 28% year over year, whereas the free cash flow was $515 million, up 30%.
GuidanceFor 2026, Barrick continues to anticipate attributable gold production in the range of 2.9-3.25 million ounces. The company reduced total attributable capital expenditure guidance to $3.8-$4.2 billion from $4-$4.45 billion previously.
AISC is projected at $1,760-$1,950 per ounce for 2026. Cash costs per ounce are forecast to be $1,330-$1,470. The company also expects cost of sales of $1,870-$2,070 per ounce.
Barrick expects copper production of 190,000-220,000 tons at AISC of $3.45-$3.75 per pound, C1 cash costs of $2.20-$2.45 per pound and cost of sales of $3.05-$3.35 per pound for 2026.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.
The consensus estimate has shifted -9.22% due to these changes.
VGM ScoresCurrently, Barrick Mining has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a grade of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Barrick Mining has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerBarrick Mining is part of the Zacks Mining - Gold industry. Over the past month, Royal Gold (RGLD - Free Report) , a stock from the same industry, has gained 11.9%. The company reported its results for the quarter ended June 2026 more than a month ago.
Royal Gold reported revenues of $450.54 million in the last reported quarter, representing a year-over-year change of +114.9%. EPS of $2.56 for the same period compares with $1.81 a year ago.
Royal Gold is expected to post earnings of $2.20 per share for the current quarter, representing a year-over-year change of +6.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -3.7%.
Royal Gold has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.
Quarterly Results Reflect Improved Profitability, First Day® Complete Growth and Continued Balance Sheet Progress
Net Income (Loss) Improves 29% and Adjusted EBITDA Improves 19% Year-Over-Year
Fall 2026 First Day® Complete Expected to Reach More Than 1.43 Million Students, 26% More than Fall 2025
Company Reiterates Fiscal 2027 Outlook
FLORHAM PARK, N.J., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Barnes & Noble Education, Inc. (NYSE: BNED) ("Barnes & Noble Education," “BNED,” the “Company,” “we,” “us” or “our”), a leading solutions provider for the education industry, today reported financial results for the fiscal first quarter ended August 1, 2026.
During the first quarter, the Company delivered year-over-year improvement across its key operating and financial measures, including revenue, comparable store sales, BNC First Day® revenue, net income (loss), and Adjusted EBITDA, while further strengthening its balance sheet. Barnes & Noble Education’s business is highly seasonal, with the majority of sales and operating profit typically realized during the second and third fiscal quarters, reflecting the fall and spring academic terms.
“We began fiscal 2027 on plan, with continued momentum across the business and year-over-year improvement across each of our key operating and financial measures,” commented Jonathan Shar, Chief Executive Officer. “These results reflect the continued progress of our strategy and the disciplined execution of our teams.”
“Importantly, the momentum in First Day® Complete continues to build as more institutions recognize the value of improving the affordability, access and convenience of course materials for their students,” continued Shar. “We are excited about the continued growth of First Day® Complete this fall and the opportunity to deepen our partnerships with colleges and universities and demonstrate our ability to deliver solutions that support their broader institutional priorities.”
Mr. Shar continued, “As we enter the important fall semester, we are encouraged by the growth we are seeing in First Day® Complete and remain confident in our outlook for fiscal 2027. We are focused on translating that momentum into continued growth in profitability, stronger cash generation and further improvements in our balance sheet.”
Fiscal 2027 First Quarter Financial Results
Revenue for the first quarter of fiscal 2027 was $290.6 million, an increase of $2.4 million, or 0.8%, compared with $288.2 million for the first quarter of fiscal 2026. Gross comparable store sales increased by $10.7 million, or 3.7%, year-over-year. The increase in revenue was primarily driven by growth in BNC First Day® programs, partially offset by the impact of store closures, including exits from certain less profitable locations.
Revenue from BNC First Day® programs increased by $10.3 million, or 9.0%, year-over-year to $124.7 million.
Net loss for the first quarter of fiscal 2027 was $12.9 million, a 29.3% improvement compared to a net loss of $18.3 million in the prior-year period. Adjusted EBITDA improved by $2.2 million, or 18.9%, to a loss of $9.3 million from a loss of $11.5 million in the prior-year period.
Total debt at the end of the first quarter of fiscal 2027 was $123.5 million, compared with $170.0 million at the end of the first quarter of fiscal 2026. The Company’s net working capital position remained strong with $236.8 million of positive working capital as of the end of the first quarter of fiscal 2027.
During the quarter, the Company declared a quarterly dividend of $0.08 per share, which was paid on July 30, 2026 to shareholders of record on July 16, 2026.
First Day Complete Momentum
The Company continues to generate strong momentum in First Day® Complete, its institution-wide affordable access program. First Day® Complete will be offered across 263 campuses during the Fall 2026 academic term, reaching more than 1.43 million students*, approximately 26% more than in Fall 2025. Given the seasonality of the Company’s business and the timing of the academic calendar, the financial impact of this expanded Fall 2026 participation will be primarily reflected in the second and subsequent quarters of fiscal 2027.
_________________________
* Represents the undergraduate student population at institutions where First Day® Complete is offered, plus graduate student populations where the program is also offered. Student population data as reported by the National Center for Education Statistics (NCES) as of January 2, 2026. The figure represents students eligible to participate in First Day® Complete.
The table below reflects the reconciliation of Adjusted EBITDA to the most comparable GAAP financial metric, Net loss, for the first quarter of fiscal 2027 and the related prior period:
Adjusted EBITDA
13 weeks ended($ in thousands)August 1, 2026 August 2, 2025Net loss$(12,914) $(18,271)Add: Depreciation and amortization expense 8,151 9,185 Interest expense, net 2,718 3,745 Income tax benefit (7,062) (8,640)Other (income) expense, net (1,298) (49)Stock-based compensation expense 1,084 2,536 Adjusted EBITDA$(9,321) $(11,494) Outlook
Based on its first-quarter performance and current expectations, the Company is reiterating its prior fiscal 2027 outlook. The Company expects continued growth in revenues and is focused on driving operating leverage with disciplined expense management. The Company is targeting Adjusted EBITDA in the range of $85 million to $92 million and anticipates further significant improvements in net income profitability. The Company also sees opportunities to drive better capital efficiency, which should contribute to additional reductions in debt and interest expense. The Company anticipates approximately $20 million in capital expenditures and should be a normal cash taxpayer in fiscal 2027.
Earnings Calls
Following our Investor Day in June, we are continuing to expand our investor engagement activities. As indicated in our fiscal 2026 year-end earnings release, the Company will host earnings conference calls following its fiscal 2027 second quarter and full-year earnings results. With the second quarter following the important back-to-school season and our full-year results coinciding with the conclusion of the academic year, we believe these periods provide the most meaningful opportunities to update investors on our performance, progress against our strategic priorities and outlook for the business. Further details, including the exact date and time, will be announced in advance of each call.
Use of Non-GAAP Financial Information —Adjusted EBITDA
To supplement the Company’s condensed consolidated financial statements presented in accordance with generally accepted accounting principles (“GAAP”), the Company uses the financial measure of Adjusted EBITDA, which is a non-GAAP financial measure under Securities and Exchange Commission (the “SEC”) regulations. We define Adjusted EBITDA as net income (loss) plus (1) depreciation and amortization; (2) interest expense, net (3) income taxes, (4) stock compensation, and (5) certain other non-cash or non-recurring items, and other adjustments permitted under our credit agreement.
Adjusted EBITDA has been reconciled to the most comparable financial measure presented in accordance with GAAP, consolidated net income (loss). All of the items included in the reconciliation are either (i) non-cash items or (ii) items that management does not consider in assessing our on-going operating performance.
Adjusted EBITDA is not intended as a substitute for and should not be considered superior to measures of financial performance prepared in accordance with GAAP. In addition, the Company’s use of Adjusted EBITDA may be different from similarly named measures used by other companies, limiting its usefulness for comparison purposes.
We review Adjusted EBITDA as an internal measure to evaluate our performance at a consolidated level to manage our operations. We believe that this measure is a useful performance measure which is used by us to facilitate a comparison of our on-going operating performance on a consistent basis from period-to-period. We believe that Adjusted EBITDA provides for a more complete understanding of factors and trends affecting our business than measures under GAAP can provide alone, as it excludes certain items that management believes do not reflect the ordinary performance of our operations in a particular period. Our Board of Directors and management also use Adjusted EBITDA at a consolidated level as one of the primary methods for planning and forecasting expected performance, for evaluating on a quarterly and annual basis actual results against such expectations, and as a measure for performance incentive plans. We believe that the inclusion of Adjusted EBITDA results provides investors useful and important information regarding our operating results, in a manner that is consistent with management’s evaluation of business performance.
The Company urges investors to carefully review the GAAP financial information included as part of the Company’s Form 10-Q for the fiscal quarter ended August 1, 2026. We do not provide a reconciliation of forward-looking non-GAAP financial metrics, because reconciling information is not available without an unreasonable effort, such as attempting to make assumptions that cannot reasonably be made on a forward-looking basis to determine the corresponding GAAP metric.
ABOUT BARNES & NOBLE EDUCATION, INC.
Barnes & Noble Education, Inc. (NYSE: BNED) is a leading solutions provider for the education industry, driving affordability, access and achievement at hundreds of academic institutions nationwide and ensuring millions of students are equipped for success in the classroom and beyond. Through its family of brands, BNED offers campus retail services and academic solutions, wholesale capabilities and more. BNED is a company serving all who work to elevate their lives through education, supporting students, faculty and institutions as they make tomorrow a better and smarter world. For more information, visit www.bned.com.
Media & Investor Contact:
Greg McKinley / Rob Fink
FNK IR [email protected]
952-393-4255 / 646-809-4048
Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and information relating to us and our business that are based on the beliefs of our management as well as assumptions made by and information currently available to our management. When used in this communication, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “may,” “should,” “will,” “forecasts,” “projections,” “continue to,” “committed to,” and similar expressions, as they relate to us or our management, identify forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements, and such statements include but are not limited to those related to continued acceleration in demand for our BNC First Day® offerings, expected enrollment in our First Day® Complete program, continued expansion of our new offerings, expansion of institutional partnerships, future opportunities to accelerate profitable growth, generate strong cash flow, strategic and operational objectives, expected trends in financial results, including those related to seasonality, continued expense discipline and improved capital efficiency, margin improvement, and Adjusted EBITDA guidance. We caution you not to place undue reliance on these forward-looking statements. Such statements reflect our current views with respect to future events, the outcome of which is subject to certain risks, including, but not limited to: the amount of our indebtedness and ability to comply with covenants contained in our credit agreement; our ability to maintain adequate liquidity levels to support ongoing inventory purchases and related vendor payments in a timely manner; slower than anticipated pace of adoption of our BNC First Day® equitable and inclusive access course material models; our dependency on strategic service provider relationships and the potential for adverse operational and financial changes to these strategic service provider relationships; non-renewal of our managed bookstore, physical and/or online store contracts; general competitive conditions; a decline in college enrollment or decreased funding available for students; technological changes, including the adoption of artificial intelligence technologies for educational content; disruptions to our information technology systems, infrastructure, data, supplier systems, and customer ordering and payment systems due to computer malware, viruses, hacking and phishing attacks; disruption of or interference with third party service providers and our own proprietary technology; and changes in applicable domestic and international laws, rules or regulations or changes in enforcement practices, including, without limitation, U.S. tax reform, changes in tax rates, tariffs, import and export control laws and regulations, changes to consumer data privacy rights legislation, as well as related guidance. Moreover, we operate in a very competitive and rapidly changing environment and new risks may emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In addition, the declaration of any future dividends will be subject to further review and approval by the Board in accordance with applicable law. The Board reserves the right to adjust or withdraw any quarterly dividend in future periods as it reviews our capital allocation strategy from time-to-time and ensures compliance with any applicable restrictions, including those set forth in our credit agreement with our lenders.
For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in the Company’s Annual Report on Form 10-K for the year ended May 2, 2026. Any forward-looking statements made by us in this press release speak only as of the date of this press release, and we do not intend to update these forward-looking statements after the date of this press release, except as required by law.
BARNES & NOBLE EDUCATION, INC. AND SUBSIDIARIES
Consolidated Statements of Operations (Unaudited)
(In thousands, except share and per share data) 13 weeks ended August 1, 2026 August 2, 2025Sales: Product sales and other$276,859 $274,179 Rental income 13,736 13,981 Total sales 290,595 288,160 Cost of sales (exclusive of depreciation and amortization expense): Product and other cost of sales 226,783 225,363 Rental cost of sales 6,765 7,420 Total cost of sales 233,548 232,783 Gross profit 57,047 55,377 Selling and administrative expenses 67,316 67,861 Depreciation and amortization expense 8,151 9,185 Other (income) expense, net (1,162) 1,497 Operating loss (17,258) (23,166)Interest expense, net 2,718 3,745 Loss before income taxes (19,976) (26,911)Income tax expense (7,062) (8,640)Net loss$(12,914) $(18,271) Earnings per share - Basic and Diluted Net loss attributable to BNED shareholders - basic$(0.37) $(0.54)Net loss attributable to BNED shareholders - diluted$(0.37) $(0.54) Weighted average shares of common stock outstanding - basic 34,531,798 34,053,847 Weighted average shares of common stock outstanding - diluted 34,531,798 34,053,847 13 weeks endedDollars in thousandsAugust 1, 2026 August 2, 2025 Sales: Product sales and other95.3% 95.1%Rental income4.7% 4.9%Total sales100.0% 100.0%Cost of sales (exclusive of depreciation and amortization expense): Product and other cost of sales81.9% 82.2%Rental cost of sales49.3% 53.1%Total cost of sales80.4% 80.8%Gross profit19.6% 19.2%Selling and administrative expenses23.2% 23.5%Depreciation and amortization expense2.8% 3.2%Other (income) expense, net(0.4)% 0.5%Operating loss(5.9)% (8.0)%Interest expense, net0.9% 1.3%Loss before income taxes(6.9)% (9.3)%Income tax expense(2.4)% (3.0)%Net loss(4.4)% (6.3)% (a)Represents the percentage these costs bear to the related sales, instead of total sales. BARNES & NOBLE EDUCATION, INC. AND SUBSIDIARIES
Consolidated Balance Sheets (Unaudited)
(In thousands, except share and per share data) August 1, 2026 May 2, 2026ASSETS Current assets: Cash and cash equivalents$7,806 $8,418 Accounts receivable, net 176,686 116,526 Merchandise inventories, net 366,296 298,347 Textbook rental inventories 5,844 27,035 Prepaid expenses and other current assets 37,237 34,137 Total current assets 593,869 484,463 Property and equipment, net 33,648 34,123 Operating lease right-of-use assets 148,920 145,594 Intangible assets, net 53,732 58,092 Deferred tax assets, net 149 — Other noncurrent assets 16,411 17,625 Total assets$846,729 $739,897 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable$210,999 $135,564 Accrued liabilities 78,887 80,990 Current operating lease liabilities 67,213 67,050 Total current liabilities 357,099 283,604 Long-term deferred taxes, net — — Long-term operating lease liabilities 82,497 85,455 Other long-term liabilities 5,263 5,399 Long-term borrowings 123,500 71,000 Total liabilities 568,359 445,458 Commitments and contingencies Stockholders' equity: Preferred stock, $0.01 par value; authorized, 5,000,000 shares; issued and outstanding, none — — Common stock, $0.01 par value; authorized, 200,000,000 shares; issued, 34,692,247 and 34,456,977 shares, respectively; outstanding, 34,685,810 and 34,429,710 shares, respectively 347 345 Additional paid-in-capital 1,009,192 1,012,349 Accumulated deficit (708,613) (695,699)Treasury stock, at cost (22,556) (22,556)Total stockholders' equity 278,370 294,439 Total liabilities and stockholders' equity$846,729 $739,897 BARNES & NOBLE EDUCATION, INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flow (Unaudited)
(In thousands, except per share data) 13 weeks ended August 1, 2026 August 2, 2025Cash flows from operating activities: Net income (loss) $(12,914) $(18,271)Adjustments to reconcile net income (loss) to net cash flows from operating activities Depreciation and amortization expense 8,151 9,185 Amortization of deferred financing costs 916 916 Deferred taxes (149) 1,432 Stock-based compensation expense 1,084 2,536 Changes in operating lease right-of-use assets and liabilities (6,121) 4,711 Changes in other long-term assets and liabilities and other, net 110 788 Changes in other operating assets and liabilities, net: Receivables, net (60,160) (63,897)Merchandise inventories (67,949) (101,003)Textbook rental inventories 21,191 17,549 Prepaid expenses and other current assets (9,077) (14,990)Accounts payable and accrued liabilities 72,049 93,441 Changes in other operating assets and liabilities, net (43,946) (68,900)Net cash flows provided by (used in) operating activities (52,869) (67,603)Cash flows from investing activities: Purchases of property and equipment (3,529) (3,736)Net cash flows provided by (used in) investing activities (3,529) (3,736)Cash flows from financing activities: Proceeds from borrowings 150,100 163,300 Repayments of borrowings (97,600) (96,400)Dividends paid (2,775) — Payment of equity issuance costs — (1,900)Net cash flows provided by (used in) financing activities 49,725 65,000 Net (decrease) increase in cash, cash equivalents, and restricted cash (6,673) (6,339)Cash, cash equivalents, and restricted cash at beginning of year 28,219 28,723 Cash, cash equivalents, and restricted cash at end of year $21,546 $22,384 Supplemental cash flow information: Cash paid during the period for: Interest paid $1,664 $2,927 Income taxes paid (net of refunds) $255 $185 BARNES & NOBLE EDUCATION, INC. AND SUBSIDIARIES
Non-GAAP Information
(In thousands) (Unaudited) 13 weeks endedDollars in thousands August 1, 2026 August 2, 2025Net loss $(12,914) $(18,271)Reconciling items (214) 2,487 Adjusted Net loss $(13,128) $(15,784) Reconciling items Stock-based compensation expense 1,084 2,536 Other (income) expense, net (1,298) (49)Reconciling items $(214) $2,487 Adjusted EBITDA 13 weeks endedDollars in thousands August 1, 2026 August 2, 2025Net loss $(12,914) $(18,271)Add: Depreciation and amortization expense 8,151 9,185 Interest expense, net 2,718 3,745 Income tax benefit (7,062) (8,640)Other (income) expense, net(a) (1,298) (49)Stock-based compensation expense 1,084 2,536 Adjusted EBITDA $(9,321) $(11,494) (a)Other (income) expense is exclusive of Investigation Costs of $0.1 million and $1.5 million as of the 13 weeks ended August 1, 2026 and August 2, 2025, respectively.
Adjusted Free Cash Flow
13 weeks endedDollars in thousands August 1, 2026 August 2, 2025Adjusted EBITDA $(9,321) $(11,494)Less: Capital expenditures(a) 3,529 3,736 Cash interest paid 1,664 2,927 Cash taxes (refund) paid, net 255 185 Adjusted Free Cash Flow $(14,769) $(18,342) (a)Purchases of property and equipment are also referred to as capital expenditures. Our investing activities consist principally of capital expenditures for contractual capital investments associated with renewing existing contracts, new store construction, and enhancements to internal systems and our website. The following table provides the components of total purchases of property and equipment. Capital Expenditures
13 weeks endedDollars in thousands August 1, 2026 August 2, 2025Physical store capital expenditures $2,727 $2,201Product and system development 722 1,400Other 80 135Total Capital Expenditures $3,529 $3,736 Use of Non-GAAP Financial Information - Adjusted Net Income (Loss), Adjusted EBITDA and Adjusted Free Cash Flow
To supplement the Company’s consolidated financial statements presented in accordance with generally accepted accounting principles (“GAAP”), the Company uses the financial measures of Adjusted Net Income (Loss), Adjusted EBITDA, and Adjusted Free Cash Flow, which are non-GAAP financial measures under Securities and Exchange Commission (the "SEC") regulations. We define Adjusted Net Income (Loss) as net income (loss) adjusted for certain reconciling items that are subtracted from or added to net income (loss). We define Adjusted EBITDA as net income (loss) plus (1) depreciation and amortization; (2) interest expense, net, (3) income taxes, (4) stock compensation, and (5) certain other non-cash or non-recurring items, and adjustments defined in the Company’s credit agreement. We define Adjusted Free Cash Flow as Cash Flows from Operating Activities less capital expenditures, cash interest and cash taxes.
These non-GAAP measures have been reconciled to the most comparable financial measures presented in accordance with GAAP as follows: the reconciliation of Adjusted Net Income (Loss) to net income (loss); the reconciliation of consolidated Adjusted EBITDA to consolidated net income (loss); and the reconciliation of Adjusted Free Cash Flow to Cash Flows from Operating Activities. All of the items included in the reconciliations are either (i) non-cash items or (ii) items that management does not consider in assessing our on-going operating performance.
These non-GAAP financial measures are not intended as substitutes for and should not be considered superior to measures of financial performance prepared in accordance with GAAP. In addition, the Company's use of these non-GAAP financial measures may be different from similarly named measures used by other companies, limiting their usefulness for comparison purposes.
We review these non-GAAP financial measures as internal measures to evaluate our performance at a consolidated level to manage our operations. We believe that these measures are useful performance measures which are used by us to facilitate a comparison of our on-going operating performance on a consistent basis from period-to-period. We believe that these non-GAAP financial measures provide for a more complete understanding of factors and trends affecting our business than measures under GAAP can provide alone, as they exclude certain items that management believes do not reflect the ordinary performance of our operations in a particular period. Our Board of Directors and management also use Adjusted EBITDA at a consolidated level as one of the primary methods for planning and forecasting expected performance, for evaluating on a quarterly and annual basis actual results against such expectations, and as a measure for performance incentive plans. We believe that the inclusion of Adjusted Net Income (Loss) and Adjusted EBITDA results provides investors useful and important information regarding our operating results, in a manner that is consistent with management’s evaluation of business performance. We believe that Adjusted Free Cash Flow provides useful additional information concerning cash flow available to meet future debt service obligations and working capital requirements and assists investors in their understanding of our operating profitability and liquidity as we manage the business to maximize margin and cash flow.
The Company urges investors to carefully review the GAAP financial information included as part of the Company’s Form 10-Q for the fiscal quarter ended August 1, 2026. We do not provide a reconciliation of forward-looking non-GAAP financial metrics, because reconciling information is not available without an unreasonable effort, such as attempting to make assumptions that cannot reasonably be made on a forward-looking basis to determine the corresponding GAAP metric.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in B over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
The Toro Company (NYSE: TTC), a leading global provider of solutions for the outdoor environment, today reported results for its fiscal third-quarter ended July
Key Takeaways Barrick trades at a discount to peers as its shares retreat amid the recent pullback in gold prices.Barrick's growth projects and strong cash flows support production and shareholder returns.Higher costs and softer 2026 production outlook may weigh on margins and near-term performance. Barrick Mining Corporation (B - Free Report) is currently trading at a forward 12-month earnings multiple of 11.04, a roughly 15% discount when stacked up with the industry average of 12.97X. It is also trading at a discount to its gold mining peers, Agnico Eagle Mines Limited (AEM - Free Report) , Newmont Corporation (NEM - Free Report) and Kinross Gold Corporation (KGC - Free Report) . Barrick, Newmont and Kinross Gold have a Value Score of B each, while Agnico Eagle has a Value Score of C.
B’s P/E F12M Vs. Industry, NEM, AEM & KGC Image Source: Zacks Investment Research
B stock has lost its shine lately, with a pullback in gold prices, losing nearly 6% in a week. Despite this retreat, its shares are up 15.5% in the past month.
Barrick has underperformed the Zacks Mining – Gold industry’s rise of 23% while outperforming the S&P 500’s decline of 2%. Newmont, Kinross Gold and Agnico Eagle have rallied 28.1%, 28.3% and 30.6%, respectively, over a month.
B’s One-month Price Performance Image Source: Zacks Investment Research
B stock broke above its 50-day simple moving average (SMA) on Aug. 5, 2026, thanks to a rebound in gold prices. It also crossed its 200-day SMA on Aug. 18, 2026, and subsequently accelerated sharply before pulling back. Following the recent declines, the stock is again approaching the 200-day SMA. The pullback reflects renewed pressure on gold prices from higher oil prices and rising rate-hike expectations. The 50-day SMA has been below the 200-day SMA since a death crossover on June 23, 2026, signaling bearish momentum.
B Trades Above 50-Day SMA Image Source: Zacks Investment Research
Let’s take a look at Barrick’s fundamentals to better analyze how to play the stock.
Growth Projects to Underpin Production Upside for BarrickBarrick is well-positioned to capitalize on advancements across its key growth projects, which are expected to meaningfully boost production. Its major gold and copper initiatives, including Goldrush, the Pueblo Viejo plant expansion and mine life extension, Fourmile and Lumwana Super Pit, are progressing on schedule and within budget, setting the stage for the next wave of profitable output.
The Goldrush mine is ramping up to the targeted 400,000 ounces of production per annum by 2028. Bordering Goldrush is the Fourmile project, which is yielding grades double those of Goldrush and is anticipated to become another Tier One mine. Barrick has announced the advancement of its planned IPO of a new company that will hold its North American gold assets and the Fourmile project, in which it will hold a significant controlling interest. Newmont also consented to Barrick’s planned North American IPO.
The $2-billion Super Pit Expansion Project at Barrick’s Lumwana mine is progressing steadily, accelerating its shift into a Tier One copper mine. Barrick stated that the Lumwana expansion is the result of a significant turnaround, transforming the mine from an underperforming asset into a vital part of both its global copper portfolio and Zambia’s long-term development strategy. The expansion is expected to produce 240,000 tons of copper annually. First copper from the expansion is targeted by the end of the first quarter of 2028.
Robust Liquidity & Cash Flows Back B’s Capital AllocationBarrick has a solid liquidity position and generates healthy cash flows, positioning it well to take advantage of attractive development, exploration and acquisition opportunities, drive shareholder value and reduce debt. As of June 30, 2026, the company held roughly $5.9 billion of cash against $4.7 billion of debt, leaving $1.2 billion of net cash. It also had an undrawn $3 billion revolving credit facility and no meaningful debt maturities until 2033.
Attributable free cash flow reached $1.35 billion in the first half of 2026, up 211% year over year. Barrick returned $1.5 billion to its shareholders in the second quarter, including $1.21 billion of share repurchases under its $3 billion authorization. Barrick offers a dividend yield of 1.6% at the current stock price. Its payout ratio is 20%, with a five-year annualized dividend growth rate of roughly 14.3%.
Favorable gold prices should translate into higher realized prices, leading to strong profit margins and free cash flow generation for Barrick. While gold prices have eased from the record highs logged earlier this year, they remain supportive.
Bullion has come under renewed pressure after hitting a more than three-month high near $4,650 per ounce in late August 2026. Prices fell to a more than three-week low near $4,300 an ounce yesterday. A spike in oil prices amid heightened U.S.-Iran tensions intensified inflation concerns, while higher Treasury yields and a stronger dollar reduced gold's appeal. These, combined with increased expectations for a U.S. interest rate hike, weighed on gold. Nonetheless, bullion prices have again climbed above $4,400 an ounce as the greenback and Treasury yields eased from recent highs.
Barrick Hamstrung by Higher Production CostsBarrick is challenged by higher costs, which may weigh on its margins. Its total cash costs per ounce of gold and all-in-sustaining costs (AISC) increased around 15% and 11% year over year, respectively, in the second quarter. Both also rose sequentially. AISC of $1,866 increased from the year-ago quarter due to higher total cash costs per ounce. Higher fuel prices began affecting costs in the second quarter, although management said operating efficiencies mitigated some of the impact.
For 2026, Barrick projects AISC in the range of $1,760-$1,950 per ounce, indicating a significant year-over-year increase at the midpoint compared with $1,637 in 2025. Cash costs per ounce are forecast to be $1,330-$1,470, up from $1,199 in 2025.
Tepid Production View Dampens B’s ProspectsBarrick’s operating execution improved in the second quarter, but the full-year gold outlook implies no growth from 2025. It maintained 2026 attributable gold production guidance of 2.9-3.25 million ounces versus 3.26 million ounces produced in 2025. This leaves full-year delivery dependent on continued second-half execution across several operations despite production tracking slightly ahead of plan at midyear.
What B’s Earnings Estimates IndicateThe Zacks Consensus Estimate for B’s 2026 earnings per share has been revised lower over the past 60 days. The consensus estimate for 2026 earnings implies a year-over-year rise of 47.1%.
Image Source: Zacks Investment Research
Conclusion: Hold Onto B SharesBarrick’s initiatives to boost production, its strong balance sheet, attractive valuation and healthy dividend yield present a favorable setup. Despite the recent retreat, still-favorable gold prices should further aid margins and cash flows. Higher production costs and a soft production outlook, however, call for caution. Therefore, retaining this Zacks Rank #3 (Hold) stock will be prudent for investors who already own it.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways Barrick Mining's Q2 gold production rose 11% sequentially to 796,000 ounces, topping guidance.Barrick expects Q3 and Q4 production gains from Loulo-Gounkoto, Goldrush and mine sequencing.Barrick's 2026 gold guidance implies no growth from 2025, making second-half execution critical. Barrick Mining Corporation’s (B - Free Report) attributable gold production rose 11% sequentially to 796,000 ounces in the second quarter, exceeding its guidance range of 730,000 to 770,000 ounces.
The company expects production to increase sequentially in the third quarter and again in the fourth quarter, driven by the Loulo-Gounkoto ramp-up, Goldrush and mine sequencing.
Production growth would be critical to sustain revenues and margins in the coming quarters. The consensus estimate implies gold production of roughly 823,000 ounces for the third quarter, indicating a roughly 3% rise from the prior quarter.
Barrick’s operating execution improved in the second quarter, but the full-year gold outlook implies no growth from 2025. It maintained 2026 attributable gold production guidance of 2.9-3.25 million ounces, versus 3.26 million ounces produced in 2025. This leaves full-year delivery dependent on continued second-half execution across several operations despite production tracking slightly ahead of plan at midyear.
Among Barrick’s major peers, Newmont Corporation (NEM - Free Report) saw sequentially lower gold production for the second quarter. NEM reported a roughly 1% sequential decline in attributable gold production to 1.29 million ounces. Lower output from Cadia and reduced grades across certain mines impacted production. Newmont expects third-quarter 2026 production to be largely in line with the second-quarter level.
Agnico Eagle Mines Limited’s (AEM - Free Report) gold production was 855,816 ounces in the second quarter, up around 4% sequentially. For full-year 2026, Agnico Eagle expects gold production near the lower end of its 3.3 million to 3.5 million ounces guidance, reflecting the preliminary redesign of the Barnat open pit. AEM expects the Barnat pit wall movement event to reduce gold production at Canadian Malartic by 60,000-80,000 ounces in the second half of 2026.
B’s Price Performance, Valuation & EstimatesBarrick’s shares have rallied 59% in the past year compared with the Zacks Mining – Gold industry’s increase of 49.2%.
Image Source: Zacks Investment Research
From a valuation standpoint, B is currently trading at a forward 12-month earnings multiple of 11.04, a roughly 17% discount when stacked up with the industry average of 13.3X. It carries a Value Score of B.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for B’s 2026 and 2027 earnings implies a year-over-year rise of 47.1% and 14.6%, respectively. The EPS estimates for 2026 and 2027 have been trending lower over the past 60 days.
Shares of Barrick Mining (B +2.62%) are down more than 2% so far this year and didn't get much of a lift despite strong second-quarter earnings, which the company announced before the markets opened on Aug. 10.
The upside is that the Canadian mining company's dividend is roughly 2.16%, slightly more than twice the S&P 500's average dividend yield. Its stock has also become a bargain, with it trading at around 11.5 times forward earnings, well below its 10-year average.
Here are three reasons why Barrick is worth buying for its earnings and dividend growth.
Image source: Getty Images.
Gold is on the rise again The price of gold has fallen precipitously since its high of $5,344.30 per spot ounce at the end of January. By June 24, it had fallen to a low of $4,008.30. As of Aug. 17, however, it was up to $4,423.20. Traditionally, gold is seen as a safe-haven investment, but after inflation climbed and hostilities in the Middle East intensified, investors stayed away from the precious metal. Their concern was that higher inflation, led by rising oil prices, would erode the value of holding gold.
In June, JPMorgan Chase Global Research predicted that gold would average $6,000 per ounce by the final quarter of 2026, rising to $6,300 per ounce by the end of 2027. That estimate appears to be a bit on the bold side, but falling real yields, a softer dollar, and a growing official-sector and investment demand would strengthen the case for $6,000 per ounce.
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The settlement with Newmont clears up the picture On Aug. 10, Barrick Mining and Newmont (NEM +1.82%) announced an agreement that resolves years of governance friction and operational disputes surrounding their 2019 Nevada Gold Mines (NGM) joint venture.
For Barrick, which holds a 61.5% stake in NGM, the agreement requires Newmont to deliver $1.95 billion in cash to Barrick within 30 days. This substantial liquidity boost significantly strengthens Barrick's balance sheet, providing non-dilutive capital to help fund key copper expansion projects, such as its Lumwana mine in Zambia, and offering flexibility for capital returns.
The most critical strategic win is Newmont's consent for Barrick to proceed with the initial public offering (IPO) and spinoff of its North American gold assets. Newmont's opposition had created a major hurdle and a drag on its stock. Resolving the issue allows Barrick to move forward with bundling NGM, Pueblo Viejo, and its high-grade Fourmile project into a stand-alone public entity holding nearly 100 million ounces of gold. The IPO gives current Barrick shareholders direct exposure to a rerated entity holding nearly 100 million ounces of gold in top-tier jurisdictions.
Earnings and free cash flow growth help its dividend In the second quarter, Barrick reported free cash flow (FCF) from operations of $1.7 billion, up 28%, year over year. Earnings per share were $0.73, up 55% over the same period a year ago. Attributed adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 51%, year over year, to $2.55 billion.
In addition, three of the company's growth projects are moving ahead of schedule. Its Lumwana mill expansion is expected to double copper production there, its Fourmile gold mine in Nevada has ramped up drilling to 20 active rigs this quarter, and its Pueblo Viejo mine in the Dominican Republic is expanding its plant.
The company is shareholder-friendly. It had $1.2 billion in stock buybacks in the second quarter, as part of a $3 billion stock repurchase program it began in 2026. The company's new dividend policy, which it began this year, established a quarterly base dividend of $0.175 per share, plus a potential year-end bonus.
The dividend is safe with a 24% payout ratio, and if 50% of Barrick's yearly total FCF exceeds the $0.70 per share already paid out via the four base distributions, the difference is paid out as a year-end performance top-up.
Barrick Mining Corporation remains a Buy, with valuation still discounting its re-rating potential despite the recent ~20% stock appreciation and supportive developments. Q2 results were mixed: gold production beat guidance, AISC increased 11% YoY, and FCF was impacted by a one-time payment in Mali, but balance sheet strength stands out. The North American IPO, enabled by a JV agreement with Newmont, is set to unlock value by separating high-quality assets and returning most net proceeds to shareholders.
FLORHAM PARK, N.J., Aug. 18, 2026 (GLOBE NEWSWIRE) -- Barnes & Noble College (BNC), a Barnes & Noble Education, Inc. (NYSE: BNED) company and a leading solutions provider for higher education, today announced that First Day Complete® will be offered across 263 campuses representing more than 1.43 million students* during the Fall 2026 academic term, approximately 26% more students than in Fall 2025. Spanning 40 states, the program’s continued expansion reflects growing institutional adoption as colleges and universities seek solutions that remove barriers to student success, improve affordability, simplify the course material experience for students and families, and support broader institutional priorities.
Through First Day Complete, students participating in the program receive all required print and digital course materials before or on the first day of class, with costs included through tuition or as a course charge. By delivering average savings of 30–50% and simplifying how students obtain their required materials, First Day Complete creates a more convenient and predictable experience for students and families, eliminating much of the time and stress traditionally associated with preparing for the academic term and helping students arrive ready to learn and succeed.
The 263 campuses offering First Day Complete this fall span every major segment of higher education, demonstrating the program's ability to serve institutions with diverse student populations, operating models and academic missions. Participating campuses include 32% four-year public colleges and universities, 39% four-year private colleges and universities, and 29% two-year community and technical colleges.
Barnes & Noble College continues to see a strong pipeline of colleges and universities evaluating First Day Complete, reinforcing the growing momentum behind affordable access across higher education. For a growing number of institutions, affordable access is evolving beyond a course material affordability initiative into a broader strategic solution to help improve preparedness, support retention, and create a better, more seamless experience for students and families.
BNC’s broader affordable access portfolio also includes First Day® by Course, which delivers average student savings of 30–50% per class while providing seamless access to digital course materials on or before the first day of class. Materials are pre-loaded into the institution’s learning management system, giving students immediate access without the need to search for materials, visit an e-commerce site or take any additional steps. This streamlined experience helps ensure students are prepared from the start while giving faculty greater confidence that students have access to the materials they need to succeed. First Day by Course will be available at an additional 182 campuses during the Fall 2026 academic term, extending BNC’s affordable access programs across a combined 445 campuses nationwide.
A Strategic Partnership for Student Success
"The growth of First Day Complete reflects a broader transformation taking place across higher education," said Jonathan Shar, Chief Executive Officer, Barnes & Noble Education. “Colleges and universities are increasingly recognizing that how students access their course materials can have a meaningful impact on affordability, preparedness and the overall student experience. Through our partnerships with institutions, we’re removing barriers that can stand between students and their success while creating a simpler, more effective course material experience for the entire campus community. We’re incredibly proud of the impact First Day Complete is having today, and we believe there is significant opportunity ahead as more institutions embrace affordable access as part of their broader student success strategy.”
Research Reinforces Strong Student Outcomes
A Barnes & Noble College survey of students participating in First Day Complete across 187 institutions during the Spring 2026 academic term found:
91% said the program saved them time.86% felt better prepared at the start of the academic term.82% said First Day Complete positively impacted their academic success.89% of non-graduating students said they would participate again.87% said they would recommend the program to other students.
Students and Campus Leaders See the Difference
"I would be very likely to recommend the First Day Complete program to other students because it removes so much of the stress that usually comes with getting course materials. Having every textbook and resource ready on day one helped me stay organized, keep up with readings, and avoid falling behind early in the semester. It also saved time and money, since I didn't have to search for books or worry about buying the wrong edition. Overall, the program makes the start of each class smoother and supports better academic performance." - Student, Caldwell University
"I would recommend ECU's First Day Program to other students because it makes starting the semester much easier and less stressful. Having all required course materials available on the first day means students don't fall behind waiting to buy textbooks or trying to find cheaper options. It also helps with budgeting since the cost is more predictable and often lower than purchasing materials individually. Overall, it helps students stay on track from the beginning, reduces stress, and creates a smoother learning experience that can lead to better academic success." - Student, East Carolina University
“The Eagle Direct program directly supports our priorities around student success and retention,” said Allyson Easterwood, Vice President for Finance & Administration at The University of Southern Mississippi. “Students are better equipped for class on day one, and faculty have greater confidence that students have the materials they need to succeed.”
Dr. Christopher Leskiw, Vice President for Academic Affairs and Dean of the Faculty at the University of the Cumberlands, added, “Many of our students are making decisions about whether they can afford their course materials. By integrating that cost into the program, we eliminate that decision point. Students no longer have to worry about where to find their books, whether they can afford them, or if they’ll have them in time for class. That peace of mind is truly transformative.”
To hear directly from students, faculty, and campus leaders about their experiences with First Day Complete and its impact across their campus communities, visit www.bncollege.com/insight/fdcimpact.
Continuing to Lead Through Innovation
As First Day Complete continues to grow, Barnes & Noble College is investing in technology, capabilities and student-driven innovations designed to make the program even more valuable for students, families and institutional partners.
Recent enhancements are making First Day Complete more personalized, intuitive and impactful. For students, new capabilities include personalized savings estimates that provide greater transparency into the value of the program, improved communications and automated reminders that make it easier to manage course materials from the first day of class through the end of the semester. For campus partners, enhanced financial aid integration and expanded administrative capabilities provide greater customization, visibility and flexibility, enabling institutions to tailor the program to their unique needs and more effectively advance priorities around affordability, student success and the campus experience.
Student feedback is also playing a direct role in shaping the future of First Day Complete. Barnes & Noble College recently launched its National Student Advisory Council, bringing together student leaders from partner institutions to provide ongoing input on the program, the student experience and emerging student needs.
Together, these investments reinforce Barnes & Noble College’s leadership in affordable access and its commitment to continually improving the First Day Complete experience. As the program continues to expand, BNC remains focused on advancing new capabilities that reduce barriers, improve the student and campus experience, and create greater value for its institutional partners—while continuing to shape the future of affordable access across higher education.
*Enrollment represents total undergraduate enrollment at participating institutions, plus graduate enrollment at institutions where First Day Complete includes graduate programs. Enrollment data as reported by the National Center for Education Statistics (NCES) as of January 2, 2026.
About Barnes & Noble College
Barnes & Noble College, a Barnes & Noble Education company, operates more than 1,000 physical and virtual campus stores serving approximately 5.7 million students nationwide. Through innovative academic solutions, retail services, and technology-enabled partnerships, Barnes & Noble College helps colleges and universities improve affordability, strengthen student success, and enhance the campus experience. For more information, visit www.bncollege.com.
About Barnes & Noble Education, Inc.
Barnes & Noble Education, Inc. (NYSE: BNED) is a leading solutions provider for higher education. BNED operates a network of campus stores that deliver essential academic materials, institutionally branded merchandise, and retail services that enhance the collegiate experience. Through its family of brands, including Barnes & Noble College and MBS, BNED expands affordability and access to course materials while delivering innovative solutions that support student success inside and outside the classroom. For more information, visit www.bned.com.
Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and information relating to us and our business that are based on the beliefs of our management as well as assumptions made by and information currently available to our management. When used in this communication, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “may,” “should,” “will,” “forecasts,” “projections,” “continue to,” “committed to,” and similar expressions, as they relate to us or our management, identify forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements, and such statements include but are not limited to those related to the Company’s strategy, key growth drivers, long-term financial framework, strategic initiatives, and expected trends in financial results. We caution you not to place undue reliance on these forward-looking statements. Such statements reflect our current views with respect to future events, the outcome of which is subject to certain risks, including, but not limited to: the amount of our indebtedness and ability to comply with covenants contained in our credit agreement; our ability to maintain adequate liquidity levels to support ongoing inventory purchases and related vendor payments in a timely manner; slower than anticipated pace of adoption of our BNC First Day® equitable and inclusive access course material models; our dependency on strategic service provider relationships and the potential for adverse operational and financial changes to these strategic service provider relationships; non-renewal of our managed bookstore, physical and/or online store contracts; general competitive conditions; a decline in college enrollment or decreased funding available for students; technological changes, including the adoption of artificial intelligence technologies for educational content; disruptions to our information technology systems, infrastructure, data, supplier systems, and customer ordering and payment systems due to computer malware, viruses, hacking and phishing attacks; disruption of or interference with third party service providers and our own proprietary technology; and changes in applicable domestic and international laws, rules or regulations or changes in enforcement practices, including, without limitation, U.S. tax reform, changes in tax rates, tariffs, import and export control laws and regulations, changes to consumer data privacy rights legislation, as well as related guidance. Moreover, we operate in a very competitive and rapidly changing environment and new risks may emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make.
For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in the Company’s Annual Report on Form 10-K for the fiscal year ended May 2, 2026, filed with the SEC. Any forward-looking statements made by us in this press release speak only as of the date of this press release, and we do not intend to update these forward-looking statements after the date of this press release, except as required by law or regulation.
Media Contact:
Gene King
Barnes & Noble Education
Corporate Communications [email protected]
IDFC FIRST Bank is pleased to announce that S&P Global Ratings has assigned the Bank its inaugural international investment-grade issuer credit ratings of âBB
I'm reiterating Barrick Mining as a Strong Buy with a $56 price target, reflecting a 37% upside. The North American IPO catalyst is now de-risked after Newmont's consent and a $1.95 billion settlement, enhancing visibility for key assets like Nevada Gold Mines and Fourmile. B delivered Q2 2026 gold production of 796Koz (+11% q/q), adjusted EPS up 74% y/y to $0.82, and reduced capex guidance while maintaining robust shareholder returns.
Key Takeaways Barrick posted adjusted EPS of 82 cents, up 74% year over year and above estimates. Gold production was flat, but realized gold prices rose 34% to $4,417 per ounce. Barrick cut 2026 capital spending guidance to $3.8-$4.2 billion from $4-$4.45 billion. Barrick Mining Corporation (B - Free Report) recorded profits (on a reported basis) of $1,217 million or 73 cents per share for second-quarter 2026, up 50% from $811 million or 47 cents per share in the year-ago quarter.
Barring one-time items, adjusted earnings per share were 82 cents. The figure beat the Zacks Consensus Estimate of 81 cents and increased around 74% year over year.
Barrick recorded total sales of $5,292 million, up 44% year over year. The top line surpassed the Zacks Consensus Estimate of $4,487.7 million.
Barrick Mining Corporation Price, Consensus and EPS SurpriseB’s Operational HighlightsTotal gold production was 796,000 ounces in the reported quarter, essentially flat year over year compared with 797,000 ounces. The metric beat the consensus estimate of 764,000 ounces. The average realized price of gold was $4,417 per ounce in the quarter, up around 34%.
The cost of sales increased around 20% year over year to $1,993 per ounce. All-in-sustaining costs (AISC) rose around 11% to $1,866 per ounce in the quarter.
B’s Financial PositionAt the end of the quarter, Barrick had cash and cash equivalents of $5,927 million, up 23% from the prior-year quarter. The company’s total debt was $4,682 million at the end of the quarter, down around 1% year over year.
The operating cash flow was $1.7 billion for the quarter, up 28% year over year, whereas the free cash flow was $515 million, up 30%.
B’s GuidanceFor 2026, Barrick continues to anticipate attributable gold production in the range of 2.9-3.25 million ounces. The company reduced total attributable capital expenditure guidance to $3.8-$4.2 billion from $4-$4.45 billion previously.
AISC is projected at $1,760-$1,950 per ounce for 2026. Cash costs per ounce are forecast to be $1,330-$1,470. The company also expects cost of sales of $1,870-$2,070 per ounce.
Barrick expects copper production of 190,000-220,000 tons at AISC of $3.45-$3.75 per pound, C1 cash costs of $2.20-$2.45 per pound and cost of sales of $3.05-$3.35 per pound for 2026.
B’s Price PerformanceBarrick’s shares have gained 68.2% in the past year compared with the 51.1% rise of the industry.
Image Source: Zacks Investment Research
B’s Zacks Rank & Other Mining ReleasesB currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Newmont Corporation (NEM - Free Report) reported second-quarter adjusted earnings of $2.10 per share, up 46.9% from $1.43 reported in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $2.05. Newmont remains on track to achieve its previously announced 2026 guidance. NEM expects attributable gold production of approximately 5.26 million ounces.
Kinross Gold Corporation (KGC - Free Report) reported adjusted earnings of 71 cents per share for the second quarter, up 61.4% from 44 cents in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of 66 cents by 7.6%. Kinross remains on track to meet its 2026 annual guidance. KGC expects attributable production of 2 million gold-equivalent ounces (+/- 5%).
Agnico Eagle Mines Limited (AEM - Free Report) reported second-quarter adjusted earnings of $3.05 per share, up 57.2% from $1.94 a year ago. The figure surpassed the Zacks Consensus Estimate of $2.89. For full-year 2026, AEM expects gold production near the lower end of its guidance of 3.3 million to 3.5 million ounces, reflecting the preliminary redesign of the Barnat open pit at Canadian Malartic.
Barrick Mining (B - Free Report) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +1.24%. A quarter ago, it was expected that this gold and copper mining company would post earnings of $0.74 per share when it actually produced earnings of $0.98, delivering a surprise of +32.43%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Barrick Mining, which belongs to the Zacks Mining - Gold industry, posted revenues of $5.29 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 17.92%. This compares to year-ago revenues of $3.68 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Barrick Mining shares have added about 0.3% since the beginning of the year versus the S&P 500's gain of 13.3%.
What's Next for Barrick Mining?While Barrick Mining has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Barrick Mining was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.85 on $4.78 billion in revenues for the coming quarter and $3.57 on $19.43 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining - Gold is currently in the bottom 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Basic Materials sector, Suzano S.A. Sponsored ADR (SUZ - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 12.
This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -91.6%. The consensus EPS estimate for the quarter has been revised 284.6% higher over the last 30 days to the current level.
Suzano S.A. Sponsored ADR's revenues are expected to be $2.32 billion, down 1.1% from the year-ago quarter.
Barrick Mining settled a longstanding dispute with rival Newmont over its Nevada operations, securing a $1.95 billion cash payout and paving the way for the spinoff of Barrick's North American gold assets.
August 10, 2026 05:59 ET | Source: Barrick Mining Corporation
All amounts expressed in U.S. dollars
TORONTO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) today announced the declaration of a $0.175 per share dividend in respect of performance for the second quarter of 2026.
The Q2 2026 dividend will be paid on September 15, 2026 to shareholders of record at the close of business on August 31, 2026.
The Company’s dividend policy targets a total payout of 50% of attributable free cash flow on an annualized basis, comprised of a fixed base quarterly dividend of $0.175 per share and a performance top-up component at each year end based on the attributable free cash flow during the year. The dividend paid in any given year may be higher or lower than the 50% target based on the strength of cash flow, capital needs, balance sheet considerations, and other factors.
For shareholder account administration—including changes of address, dividend payments, direct deposit, share certificates, and estate transfers—please contact our transfer agent directly:
About Barrick Mining Corporation
Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry, Barrick’s operations and projects span 17 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under the symbol ‘ABX’.
Media ContactDan Wilner
Senior Vice President,
Corporate Affairs and Capital Markets
+1 437 235 7154 [email protected]
Cautionary Statement on Forward-Looking Information
Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans, or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “will”, “perform”, “target”, “may” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, the Company’s dividend policy and ability and amount that may be paid out to shareholders, including based on cash flow, capital needs, balance sheet considerations and other factors.
Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this press release in light of management’s experience and perception of current conditions and expected developments, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: changes in national and local government legislation, taxation, controls or regulations and/ or changes in the administration of laws, policies and practices; expropriation or nationalization of property and political or economic developments in jurisdictions in which the Company or its affiliates do or may carry on business in the future; fluctuations in the spot and forward price of gold, copper, or certain other commodities (such as silver, diesel fuel, natural gas, and electricity); the speculative nature of mineral exploration and development; assumptions relating to the trading price of the Company’s common shares; changes in mineral production performance, exploitation, and exploration successes; disruption of supply routes which may cause delays in construction and mining activities at Barrick’s more remote properties; diminishing quantities or grades of reserves; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; operating or technical difficulties in connection with mining or development activities; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in U.S. trade, tariff and other controls on imports and exports, tax, immigration or other policies that may impact trade relations with foreign countries, result in retaliatory policies, lead to increased costs for raw materials and components, or impact Barrick’s existing operations and material growth projects; the impact of inflation; fluctuations in the currency markets; lack of certainty with respect to foreign legal systems, corruption and other factors that are inconsistent with the rule of law; damage to the Company’s reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company’s handling of environmental matters or dealings with community groups, whether true or not; the possibility that future exploration results will not be consistent with the Company’s expectations; risks that exploration data may be incomplete and considerable additional work may be required to complete further evaluation, including but not limited to drilling, engineering and socioeconomic studies and investment; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; risks associated with illegal and artisanal mining; risks associated with new diseases, epidemics and pandemics; litigation and legal and administrative proceedings; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; business opportunities that may be presented to, or pursued by, the Company; risks associated with working with partners in jointly controlled assets; employee relations including loss of key employees; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; risks related to the failure of internal controls; risks related to the impairment of the Company’s goodwill and assets; and availability and increased costs associated with mining inputs and labor. In addition, there are risks and hazards associated with the business of mineral exploration, development, and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).
Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick’s ability to achieve the expectations set forth in the forward-looking statements contained in this press release.
Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
August 07, 2026 13:45 ET | Source: Barrick Mining Corporation
TORONTO, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B) (TSX:ABX) announced today the appointment of Sarah Ball Teslik as Chief Corporate Affairs Officer; Daniel Wilner as Senior Vice President, Corporate Affairs and Capital Markets; and Emily Chieng as Vice President, Investor Relations.
The appointments establish an integrated corporate affairs function spanning communications, investor relations, and stakeholder engagement across Barrick’s operations in 17 countries.
“We are proud of the work we do around the world, and it’s vital we tell that story effectively to our shareholders, employees, and host communities,” said Mark Hill, President and Chief Executive Officer of Barrick. “Sarah, Dan, and Emily bring the experience, credibility, and creativity to make sure we do that. Together they give us a corporate affairs capability that matches the scale and the ambition of Barrick.”
Sarah Ball Teslik brings more than four decades of experience across investor stewardship, corporate governance, securities law, communications and the extractive sector. She joins Barrick from Greenspoon Marder LLP, where she was a Partner and President of its affiliate, Value(s) Management and Investing. She was previously a Partner at Joele Frank and a Senior Vice President at Apache Corporation and is the founder and manager of Governance Week. Earlier in her career she served as Chief Executive Officer of the Certified Financial Planner Board of Standards and as the founding Executive Director of the Council of Institutional Investors and practiced corporate law. Sarah holds a Juris Doctor from Georgetown University, a Master of Arts in Modern History from the University of Oxford, and a Bachelor of Arts in History from Whitman College.
A trusted advisor to Barrick for many years, Daniel Wilner is building and leading the company’s integrated communications and investor relations team. He founded and led Stone Pine, a strategic advisory firm with clients across mining and critical minerals, AI, finance, climate technology, fintech, and media. He has advised boards and senior executives on strategy, proxy communications, ESG disclosure, and institutional investor engagement. A Canadian residing in Montreal, Dan holds a B.A. in Philosophy from Harvard and a B.A., M.A. in Philosophy, Politics, and Economics from Oxford, where he studied as a Rhodes Scholar.
Emily Chieng, CFA, joins Barrick from United States Steel Corporation, where she served as Investor Relations Officer from 2023, leading investor engagement through the company's strategic alternatives review and its subsequent acquisition by Nippon Steel. She previously spent nearly a decade at Goldman Sachs, most recently as Vice President, Equity Research, covering 20 companies across North America metals and mining. She began her career at BHP. Emily holds a Bachelor of Engineering and Bachelor of Pharmaceutical Science from Monash University. Based in New York, Chieng will take part in Barrick’s second quarter 2026 results presentation on August 10, 2026.
About Barrick Mining Corporation
Barrick is a leading global mining, exploration, and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry, Barrick’s operations and projects span 17 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships, and a disciplined approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under the symbol ‘ABX’.
Key Takeaways Barrick Mining is expected to benefit from higher year-over-year realized gold prices in Q2.B's production is anticipated to improve sequentially, supported by mine ramp-ups and better sequencing.Barrick Mining continues to contend with rising production costs that may weigh on quarterly performance. Barrick Mining Corporation (B - Free Report) is slated to come up with second-quarter 2026 results before the opening bell on Aug. 10.
Barrick beat the Zacks Consensus Estimate for earnings in three of the last four quarters and reported in-line results on the other occasion. In this timeframe, it delivered an earnings surprise of roughly 14.1%, on average. Higher realized gold prices and increased production are expected to have aided its second-quarter performance amid cost headwinds.
B’s shares have shot up 78% over the past year, outperforming the Zacks Mining – Gold industry’s 29.7% increase.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What do B’s Revenue Estimates Indicate?The Zacks Consensus Estimate for Barrick’s second-quarter consolidated sales is currently pegged at $4,487.7 million, calling for an increase of 21.9% from the year-ago quarter’s tally.
Factors Shaping B’s Q2 ResultsHigher realized gold prices are likely to have supported the company’s performance in the second quarter. While gold prices have pulled back sharply from their January 2026 highs, they remain supportive.
Heightened geopolitical tensions, a weaker U.S. dollar and tariff-related worries drove bullion to a record high of nearly $5,600 per ounce in late January. Since then, gold has pulled back sharply due to inflation concerns triggered by a surge in crude oil prices amid Middle East tensions. While gold started April near $4,800 per ounce, prices tumbled to $4,500 per ounce around the end of May.
Bullion continued to retreat in June, with prices slipping below $4,000 per ounce to a near eight-month low amid rate-hike expectations and a stronger greenback, despite reduced inflation concerns following the interim agreement between the United States and Iran.
Notwithstanding the pullback, Barrick is expected to have gained from higher year-over-year realized prices. The consensus estimate for B’s average realized gold price is pinned at $4,507 per ounce for the second quarter, indicating a roughly 37% year-over-year increase.
Higher production is expected to have aided B’s sales volumes in the second quarter. Barrick saw a 5% year-over-year and 17% sequential decline in first-quarter 2026 gold production to 719,000 ounces. However, it expects production to increase sequentially, with second-quarter gold production projected in the band of 730,000-770,000 ounces. The uptick is expected to be driven by the ramp-up across Loulo-Gounkoto and Goldrush mines, as well as mine sequencing across the NGM sites.
The consensus estimate calls for a gold production of roughly 764,000 ounces in the second quarter, indicating a roughly 6% sequential rise.
Barrick is likely to have faced headwinds from higher production costs in the second quarter. It saw an 8% sequential increase in all-in-sustaining costs (AISC) — a critical cost metric for miners — in the first quarter, reaching $1,708 per ounce.
Cost pressures are expected to have continued in the second quarter. The consensus estimate for AISC for the second quarter is pegged at $1,884, indicating a roughly 12% year-over-year and 10% sequential increase.
What Our Model Unveils for B StockOur proven model does not conclusively predict an earnings beat for Barrick this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for B is -0.49%. The Zacks Consensus Estimate for the second quarter is currently pegged at 81 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: B currently carries a Zacks Rank #4 (Sell).
Stocks That Warrant a LookHere are some companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
Sociedad Química y Minera de Chile S.A. (SQM - Free Report) , scheduled to release earnings on Aug. 18, has an Earnings ESP of +0.08% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for SQM’s earnings for the second quarter is currently pegged at $2.03.
Ferguson Enterprises Inc. (FERG - Free Report) , slated to release earnings on Aug. 10, has an Earnings ESP of +1.22% and carries a Zacks Rank #3 at present.
The consensus mark for FERG’s second-quarter earnings is currently pegged at $3.23.
Resideo Technologies, Inc. (REZI - Free Report) , scheduled to release earnings on Aug. 12, has an Earnings ESP of +6.83%.
The Zacks Consensus Estimate for REZI's earnings for the second quarter is currently pegged at 68 cents. REZI currently carries a Zacks Rank #3.
Barrick Mining (B - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 10. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis gold and copper mining company is expected to post quarterly earnings of $0.81 per share in its upcoming report, which represents a year-over-year change of +72.3%.
Revenues are expected to be $4.49 billion, up 21.9% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 10.15% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Barrick Mining?For Barrick Mining, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.49%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Barrick Mining will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Barrick Mining would post earnings of $0.74 per share when it actually produced earnings of $0.98, delivering a surprise of +32.43%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Barrick Mining doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Axiom Investment Management LLC bought a new position in shares of Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 68,767 shares of the gold and copper producer’s stock, valued at approximately $2,805,000. Barrick Mining makes up 2.1% of Axiom Investment Management LLC’s holdings, making the stock its 10th largest position.
Several other hedge funds have also modified their holdings of B. Financial Consulate Inc. lifted its holdings in Barrick Mining by 1,042.0% in the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after acquiring an additional 521 shares during the period. Westside Investment Management Inc. acquired a new position in shares of Barrick Mining during the 4th quarter worth $25,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of Barrick Mining during the 4th quarter worth $26,000. Ascentis Independent Advisors acquired a new position in shares of Barrick Mining during the 1st quarter worth $28,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Barrick Mining in the 3rd quarter valued at about $28,000. 90.82% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes A number of research analysts have issued reports on the stock. ATB Cormark Capital Markets cut shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Barclays lowered their price target on Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Wall Street Zen downgraded Barrick Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Canadian Imperial Bank of Commerce reduced their price objective on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a report on Tuesday, April 21st. Finally, Citigroup reiterated a “positive” rating on shares of Barrick Mining in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Barrick Mining has an average rating of “Moderate Buy” and an average price target of $52.46.
Read Our Latest Analysis on B
Barrick Mining Stock Down 2.6% B stock opened at $36.73 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. The company’s 50 day simple moving average is $38.49 and its 200-day simple moving average is $42.40. Barrick Mining Corporation has a 12 month low of $20.94 and a 12 month high of $54.69. The firm has a market capitalization of $61.09 billion, a PE ratio of 10.15, a P/E/G ratio of 0.80 and a beta of 0.48.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last issued its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.18. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. The firm’s quarterly revenue was up 66.7% compared to the same quarter last year. Equities analysts expect that Barrick Mining Corporation will post 3.57 earnings per share for the current fiscal year.
Barrick Mining Cuts Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, May 29th. Barrick Mining’s dividend payout ratio is currently 19.34%.
About Barrick Mining (Free Report)
Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.
The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.
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Bank of Nova Scotia decreased its position in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 10.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,145,547 shares of the gold and copper producer’s stock after selling 480,790 shares during the quarter. Bank of Nova Scotia owned about 0.25% of Barrick Mining worth $169,360,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in B. Bogart Wealth LLC increased its stake in shares of Barrick Mining by 3.5% during the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock worth $281,000 after purchasing an additional 218 shares during the last quarter. Parvin Asset Management LLC raised its holdings in shares of Barrick Mining by 0.7% during the 4th quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock valued at $1,454,000 after purchasing an additional 225 shares in the last quarter. Silver Oak Securities Incorporated lifted its stake in shares of Barrick Mining by 2.9% in the 1st quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock valued at $359,000 after purchasing an additional 246 shares during the last quarter. Mmbg Investment Advisors CO. increased its position in Barrick Mining by 0.6% during the fourth quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock worth $1,892,000 after buying an additional 254 shares during the last quarter. Finally, S.A. Mason LLC raised its holdings in Barrick Mining by 1.3% during the fourth quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock valued at $1,007,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.
Analysts Set New Price Targets A number of brokerages have weighed in on B. Royal Bank Of Canada reduced their price target on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Scotiabank lowered their price objective on Barrick Mining from $63.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 14th. Bank of America cut their price objective on Barrick Mining from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. ATB Cormark Capital Markets lowered Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Canadian Imperial Bank of Commerce decreased their target price on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.46.
Get Our Latest Stock Report on Barrick Mining
Trending Headlines about Barrick Mining Here are the key news stories impacting Barrick Mining this week:
Positive Sentiment: Gold’s move above $4,000 an ounce and renewed central-bank buying are supporting the broader gold-mining trade, which could lift sentiment toward Barrick Mining and other producers. Gold price above USD 4,000 and central bank rally: Barrick Mining, Lahontan Gold, Newmont—time to buy now? Positive Sentiment: Barrick is being highlighted by market commentators as a potential beneficiary of the strong gold backdrop, reinforcing the view that the company’s core business is well positioned if bullion stays high. Man Who Called 2008 Crash Says Now Is the Time to “Invest in Early-Stage Gold Stocks” Positive Sentiment: Barrick’s purchase of roughly a 9.9% stake in Kingfisher Metals gives it additional exposure to the HWY 37 project and adds exploration upside through technical collaboration, which investors may view as a growth-oriented move. Barrick Mining Buys 10% Stake in Kingfisher Metals for C$20.9 Million Positive Sentiment: Barrick also announced the start of an exploration program with Midland on the Lewis project, signaling continued investment in future resource growth. Midland, in Partnership with Barrick, Commences an Exploration Program for Gold on the Lewis Project Neutral Sentiment: News that Barrick supports local content rules is more likely to be viewed as a policy and operating update than a direct earnings catalyst. Barrick supports local content rules Neutral Sentiment: JPMorgan lowered its price target on Barrick to $50, which adds a note of caution but does not change the broader positive gold-sector backdrop. JPMorgan Chase & Co. Lowers Barrick Mining (NYSE:B) Price Target to $50.00 Barrick Mining Stock Performance Shares of B opened at $37.15 on Friday. The company has a market capitalization of $61.79 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.79 and a beta of 0.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. Barrick Mining Corporation has a one year low of $20.94 and a one year high of $54.69. The company’s fifty day moving average price is $38.93 and its 200 day moving average price is $42.80.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last released its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The firm’s revenue for the quarter was up 66.7% compared to the same quarter last year. As a group, analysts expect that Barrick Mining Corporation will post 3.61 earnings per share for the current year.
Barrick Mining Cuts Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Barrick Mining’s payout ratio is currently 19.34%.
Barrick Mining Company Profile (Free Report)
Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.
The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.
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Assetmark Inc. boosted its position in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 27.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,892 shares of the gold and copper producer’s stock after acquiring an additional 17,845 shares during the quarter. Assetmark Inc.’s holdings in Barrick Mining were worth $3,340,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Bogart Wealth LLC boosted its holdings in shares of Barrick Mining by 3.5% in the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock worth $281,000 after purchasing an additional 218 shares in the last quarter. Parvin Asset Management LLC grew its position in Barrick Mining by 0.7% during the 4th quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock worth $1,454,000 after acquiring an additional 225 shares during the last quarter. Silver Oak Securities Incorporated increased its stake in Barrick Mining by 2.9% in the 1st quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock worth $359,000 after purchasing an additional 246 shares during the period. Mmbg Investment Advisors CO. increased its stake in Barrick Mining by 0.6% in the 4th quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock worth $1,892,000 after purchasing an additional 254 shares during the period. Finally, S.A. Mason LLC lifted its position in Barrick Mining by 1.3% in the fourth quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock valued at $1,007,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.
Barrick Mining Stock Up 3.1% B stock opened at $37.51 on Thursday. Barrick Mining Corporation has a twelve month low of $20.94 and a twelve month high of $54.69. The firm has a market cap of $62.40 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 0.76 and a beta of 0.48. The business has a 50 day moving average of $39.05 and a 200 day moving average of $42.84. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last issued its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.18. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.Barrick Mining’s revenue was up 66.7% compared to the same quarter last year. On average, research analysts forecast that Barrick Mining Corporation will post 3.61 EPS for the current fiscal year.
Barrick Mining Cuts Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 annualized dividend and a dividend yield of 1.9%. Barrick Mining’s dividend payout ratio (DPR) is 19.34%.
Key Barrick Mining News Here are the key news stories impacting Barrick Mining this week:
Positive Sentiment: Barrick’s investment in Kingfisher Metals boosts its exposure to a prospective exploration asset and may support future discovery upside. Barrick Announces Investment in Kingfisher Metals Positive Sentiment: The company’s new stake could strengthen technical collaboration with Kingfisher and broaden Barrick’s strategic pipeline beyond existing operations. Barrick Mining to Acquire 9.9% Stake in Kingfisher Via $14.83M Deal Neutral Sentiment: Coverage on Barrick’s mining operations kept the company in focus, but did not include a major new operational update or financial guidance change. Barrick Mining (NYSE:B) Mining Operations Gain Market Focus Neutral Sentiment: JPMorgan lowered its price target to $50 from $58 while keeping an overweight rating, which may temper enthusiasm but still implies upside from current levels. Barrick price target lowered by JPMorgan Chase & Co. Wall Street Analysts Forecast Growth A number of analysts have recently weighed in on the company. Royal Bank Of Canada dropped their price objective on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Weiss Ratings cut Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Bank of America reduced their price target on Barrick Mining from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Canadian Imperial Bank of Commerce lowered their price target on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. Finally, ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.46.
Get Our Latest Report on Barrick Mining
Barrick Mining Profile (Free Report)
Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.
The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.
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Key Takeaways Barrick Mining will invest about $14.83M in Kingfisher through a private placement for a 9.9% stake. B gains exposure to the HWY 37 Project, with most proceeds funding exploration and development. Barrick Mining and Kingfisher will form a technical committee and collaborate on future drilling plans. Barrick Mining Corporation (B - Free Report) announced that it has agreed to make an investment in Kingfisher Metals Corp. through a non-brokered private placement valued at approximately C$20.9 million (approximately $14.83 million). Under the agreement, Barrick will subscribe for 15.47 million units of Kingfisher at C$1.35 per unit (approximately 96 cents per unit), with each unit comprising one common share and one-half of a common share purchase warrant.
Upon completion of the transaction, Barrick will own about 9.9% of Kingfisher's outstanding shares on a non-diluted basis and roughly 14.1% on a partially diluted basis, assuming full exercise of the warrants. The transaction is expected to close on or before July 27, 2026, subject to customary closing conditions, including regulatory approvals.
The investment strengthens Barrick's exposure to the HWY 37 Project in British Columbia's prolific Golden Triangle, a district known for significant copper-gold discoveries. Kingfisher plans to allocate at least 80% of the proceeds toward exploration and development at the HWY 37 Project, while the remaining funds will be used for general corporate purposes and working capital.
Per the agreement, Barrick and Kingfisher will establish a technical committee to collaborate on the HWY 37 Project. Barrick may also provide technical expertise for Kingfisher's 2027 and 2028 drilling campaigns upon request. In addition, Barrick will receive anti-dilution and information rights as long as it maintains at least a 5% ownership stake. Kingfisher will also face restrictions on transferring interests in the HWY 37 Project for two years without Barrick's consent, subject to certain exceptions.
The agreement includes a two-year standstill provision, generally limiting Barrick's ownership to 15%, with the potential to increase to 19.9% under specified circumstances. Barrick will also be subject to an additional 18-month lock-up period, restricting the sale of its shares following the transaction.
Shares of B are up 68.3% in the past year compared with the industry’s 30.2% growth.
Some better-ranked stocks in the Basic Materials space are CSW Industrials, Inc. (CSW - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and Ternium S.A. (TX - Free Report) . CSW, IDR and TX carry a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CSW’s current-year earnings stands at $12.52 per share, implying a 20.6% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 3.8%.
The Zacks Consensus Estimate for CRS’s current-year earnings is pegged at $10.58 per share, implying a 41.4% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 9%.
The Zacks Consensus Estimate for TX’s current-year earnings is pegged at $5.71 per share, indicating a 163.1% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, with the average surprise being 3.5%.
Bank of New York Mellon Corp lowered its position in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 1.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,884,086 shares of the gold and copper producer’s stock after selling 23,937 shares during the period. Bank of New York Mellon Corp owned 0.11% of Barrick Mining worth $76,852,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. grew its holdings in shares of Barrick Mining by 13.9% during the first quarter. Hillsdale Investment Management Inc. now owns 1,327,142 shares of the gold and copper producer’s stock worth $54,223,000 after buying an additional 161,641 shares in the last quarter. Retirement Planning Group LLC acquired a new stake in shares of Barrick Mining in the first quarter valued at about $222,000. Legacy Capital Group California Inc. purchased a new position in shares of Barrick Mining in the first quarter worth about $637,000. Bleakley Financial Group LLC lifted its stake in shares of Barrick Mining by 14.7% in the first quarter. Bleakley Financial Group LLC now owns 66,468 shares of the gold and copper producer’s stock worth $2,711,000 after buying an additional 8,519 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Barrick Mining by 19.2% during the first quarter. Principal Financial Group Inc. now owns 214,910 shares of the gold and copper producer’s stock worth $8,755,000 after acquiring an additional 34,555 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.
Barrick Mining Stock Up 4.3% Shares of NYSE B opened at $36.39 on Wednesday. The company has a market capitalization of $60.52 billion, a P/E ratio of 10.05, a P/E/G ratio of 0.76 and a beta of 0.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. The company has a 50 day simple moving average of $39.19 and a 200-day simple moving average of $42.89. Barrick Mining Corporation has a 1 year low of $20.94 and a 1 year high of $54.69.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last released its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.Barrick Mining’s quarterly revenue was up 66.7% compared to the same quarter last year. On average, equities research analysts predict that Barrick Mining Corporation will post 3.61 earnings per share for the current year.
Barrick Mining Cuts Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.9%. Barrick Mining’s dividend payout ratio (DPR) is presently 19.34%.
Key Stories Impacting Barrick Mining Here are the key news stories impacting Barrick Mining this week:
Positive Sentiment: Barrick announced a C$20.9 million investment in Kingfisher Metals, signaling continued exploration and growth-focused capital deployment. Barrick Announces Investment in Kingfisher Metals Positive Sentiment: JPMorgan kept an overweight rating on Barrick Mining even after lowering its price target to $50 from $58, which still implies meaningful upside from current levels. Benzinga report on JPMorgan price target cut Neutral Sentiment: Analyst estimates for Barrick’s FY2026 EPS were lowered, reflecting some caution around near-term earnings expectations. FY2026 EPS Estimates for Barrick Mining Lowered by Analyst Neutral Sentiment: Additional coverage suggested Barrick’s corporate moves are attracting market interest, though this appears to be a broad sentiment call rather than a new fundamental development. Barrick Mining Corporate Move Lifts Market Interest Wall Street Analysts Forecast Growth A number of research firms have recently issued reports on B. UBS Group dropped their price target on Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Canadian Imperial Bank of Commerce reduced their price objective on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 21st. Bank of America lowered their price objective on Barrick Mining from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. JPMorgan Chase & Co. dropped their target price on Barrick Mining from $58.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Barrick Mining presently has a consensus rating of “Moderate Buy” and an average price target of $52.46.
Read Our Latest Research Report on B
About Barrick Mining (Free Report)
Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.
The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.
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July 21, 2026 07:00 ET | Source: Barrick Mining Corporation
TORONTO, July 21, 2026 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) announced today that it has agreed to subscribe for 15,470,934 units (“Units”) of Kingfisher Metals Corp. (“Kingfisher”) in a non-brokered private placement (“Private Placement”) at a price of C$1.35 per Unit, for total consideration of approximately C$20,885,761. Each Unit is comprised of one common share (each, a “Kingfisher Share”) and one-half of a common share purchase warrant, where each whole warrant will entitle the holder for a period of two years to acquire one Kingfisher common share at a price of C$1.70 per common share.
Barrick does not currently own any Kingfisher Shares. Following closing of the Private Placement, and as a result of its acquisition of Units, Barrick will hold approximately 9.9% of the outstanding Kingfisher Shares on a non-diluted basis and 14.1% of the outstanding Kingfisher Shares on a partially-diluted basis, assuming the exercise of all warrants held by Barrick.
In connection with the Private Placement, Barrick and Kingfisher will enter into an investor rights agreement (“Investor Rights Agreement”). Pursuant to the Investor Rights Agreement, provided that Barrick maintains an ownership interest in Kingfisher of at least 5%, Barrick will be entitled to anti-dilution and information rights in respect of Kingfisher’s Highway 37 Project, located in British Columbia, Canada and Kingfisher will, for a period of two years from closing of the Private Placement (“Closing”), be restricted from selling or transferring any right or interest in its Highway 37 Project without Barrick’s consent, subject to certain exceptions. Barrick will also, for a period of two years from closing of the Private Placement, either vote its Kingfisher Shares in accordance with the recommendations of the board or management of Kingfisher, or abstain from voting on such matters, and be subject to a standstill which will prohibit Barrick from acquiring more than 15% of the outstanding Kingfisher Shares (increasing to 19.9% of the outstanding Kingfisher Shares if any third party acquires 10% or more of the Kingfisher Shares during such two year period), in each case subject to certain exceptions. Barrick has also agreed to an 18-month lockup in respect of Kingfisher Shares issued to it. Barrick and Kingfisher will also form a technical committee and, on request of Kingfisher, Barrick will also provide certain technical support and expertise to Kingfisher for the 2027 and 2028 drilling seasons at the Highway 37 Project.
Barrick is acquiring the Units for investment purposes. Barrick may, depending on market conditions and other factors, acquire additional Kingfisher Shares or other securities of Kingfisher, or dispose of some or all of the Kingfisher Shares or other securities of Kingfisher that it owns at such time.
An early warning report will be filed by Barrick in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact Dan Wilner, whose contact details are included below.
About Barrick Mining Corporation
Barrick is a leading global mining, exploration, and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry, Barrick’s operations and projects span 17 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships, and a disciplined approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under the symbol ‘ABX’.
Cautionary Statement on Forward-Looking Information
Certain information contained in this press release, including any information relating to the ownership by Barrick of common shares and warrants of Kingfisher constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “expect”, “will”, “potential”, “may” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to the anticipated closing of the private placement, Barrick’s ownership interest in Kingfisher upon closing of the private placement, the terms of the investor rights agreement, Barrick’s provision of technical support to Kingfisher and Barrick’s potential acquisition or disposition of securities of Kingfisher in the future. Forward-looking statements are necessarily based upon a number of assumptions, including material assumptions considered reasonable by Barrick as at the date of this press release in light of management’s experience and perception of current conditions and expected developments, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies.
Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect the forward-looking statements contained in this press release.
Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
SummaryBarrick Mining Corporation remains a Buy, driven by strong financials, a robust balance sheet, and significant re-rating potential from internal initiatives like the North American IPO and external tailwinds.B delivered a standout Q1 with a 195% YoY increase in free cash flow, a $3 billion buyback, and a new dividend policy targeting a 50% payout of attributable FCF.The upcoming North American IPO and potential African asset divestiture could unlock further value, positioning B for a higher-quality, lower-risk portfolio and improved market valuation.Despite near-term gold price and margin pressures, B's long-term catalysts, disciplined capital allocation, and operational improvements support a favorable risk/reward profile. Nadzeya Haroshka/iStock via Getty Images
Introduction The first time I covered Barrick Mining Corporation (B), I highlighted the company's attractive valuation and potential for significant moves following the CEO change that can support a long-term re-rating.
Following a stellar start to the year and even
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of B, AGI, AEM, NEM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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SPDR Gold Shares tracks the price of physical gold, whereas VanEck Gold Miners ETF invests in companies that extract the metal SPDR Gold Shares has a lower expense ratio and significantly lower price volatility compared to VanEck Gold Miners ETF VanEck Gold Miners ETF has delivered higher total returns over the past year but shows a much deeper historical drawdown
