Rising Gold Price Boosted Barrick Mining Corporation (B) in Q3
Barnes Barnes (US:B) Yahoo Finance·2025-11-13 12:48

Group 1: Ariel Focus Fund Performance - The Ariel Focus Fund increased by 20.76% in the third quarter, outperforming the Russell 1000 Value Index's gain of 5.33% and the S&P 500 Index's return of 8.12% [1] - The significant increase in US equities was driven by the Federal Reserve's first rate cut, strong corporate earnings growth, and broadening market participation [1] Group 2: Barrick Mining Corporation Overview - Barrick Mining Corporation's stock gained 7.64% in one month and 122.33% over the last 52 weeks, closing at $37.33 per share with a market capitalization of $62.992 billion on November 12, 2025 [2] - The company reported strong financial results supported by rising gold prices and announced the divestiture of its Hemlo Gold Mine for $1.09 billion to streamline its asset portfolio [3] Group 3: Leadership and Strategic Moves - Barrick Mining Corporation's President and CEO Mark Bristow will step down after nearly seven years, with a formal search for his successor initiated [3] - The company's solid liquidity position supports its commitment to shareholder returns through ongoing dividends and share repurchase activities [3] Group 4: Hedge Fund Interest - Barrick Mining Corporation was held by 53 hedge fund portfolios at the end of the second quarter, an increase from 46 in the previous quarter [4] - Despite its potential, the company is not listed among the 30 Most Popular Stocks Among Hedge Funds, with certain AI stocks considered to offer greater upside potential [4]