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Barrick Mining Falls as Rising Costs Overshadow Strong Quarterly Profit Growth

Investivoq PriceTracker

Barrick Mining Corporation (B) is down 6.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to a post-earnings reassessment after investors looked past higher revenue and earnings and focused on cost inflation across Barrick’s gold and copper operations. Weakness in gold prices on November 10 likely added pressure to sentiment around the stock.

Details:

  • Barrick posted third-quarter revenue of $5.07 billion, net earnings of $1.32 billion, and adjusted earnings of $0.82 per share, while keeping its full-year gold and copper production guidance unchanged.
  • Operating costs rose sharply from a year earlier, with gold all-in sustaining costs reaching $1,911 per ounce and copper all-in sustaining costs climbing to $4.52 per pound.
  • The company linked the cost pressure to lower grades, higher royalties tied to stronger realized gold prices, elevated diesel prices, and local currency appreciation, especially in labor costs.
  • This could also be because gold prices fell more than 2% on November 10 after hotter-than-expected U.S. inflation data lifted the dollar and Treasury yields, creating a tougher backdrop for gold miners.

    • Sources:

    Barrick Mining, SEC, Investing.com

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

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    $B Hedge Fund Activity

    We have seen 462 institutional investors add shares of $B stock to their portfolio, and 490 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • JPMORGAN CHASE & CO added 13,383,073 shares (+inf%) to their portfolio in Q2 2026, for an estimated $491,560,271
    • ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 13,040,677 shares (-27.5%) from their portfolio in Q2 2026, for an estimated $478,984,066
    • VAN ECK ASSOCIATES CORP removed 6,885,817 shares (-10.3%) from their portfolio in Q2 2026, for an estimated $252,916,058
    • D. E. SHAW & CO., INC. removed 6,742,924 shares (-69.3%) from their portfolio in Q2 2026, for an estimated $247,667,598
    • BLACKROCK, INC. removed 5,907,927 shares (-10.6%) from their portfolio in Q2 2026, for an estimated $216,998,158
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 5,102,169 shares (+inf%) to their portfolio in Q2 2026, for an estimated $187,402,667
    • GOLDMAN SACHS GROUP INC removed 5,044,177 shares (-27.1%) from their portfolio in Q2 2026, for an estimated $185,272,621

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

    $B Price Targets

    Multiple analysts have issued price targets for $B recently. We have seen 4 analysts offer price targets for $B in the last 6 months, with a median target of $49.5.

    Here are some recent targets:

    • Lawson Winder from B of A Securities set a target price of $56.0 on 07/09/2026
    • Josh Wolfson from RBC Capital set a target price of $49.0 on 07/09/2026
    • Myles Walton from UBS set a target price of $50.0 on 06/30/2026
    • Richard Garchitorena from Barclays set a target price of $41.0 on 05/22/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.