Ninety One SA (Pty) 13F: Adds $30M to Barrick Mining (B) Stake

Ninety One SA (Pty) significantly grew its investment in Barrick Mining Corporation (NYSE:B) during the period, lifting its position by 2,158.1% according to a Form 13F filing with the SEC on October 15, 2026. This backward-looking report reflects holdings as of the end of the reporting period and may not represent the investor's current position today.

What Changed in Ninety One SA (Pty)'s Barrick Mining Corporation Position

During the quarter, the fund bought an additional 738,667 shares of the gold miner. That brought Ninety One SA's total stake to 772,894 shares. The reported value of the holding reached $31,595,413. This sizeable increase follows other recent portfolio moves by the firm, which also exited positions in Zillow Group and the iShares U.S. Treasury Bond ETF around the same time.

Other Institutional Activity in Barrick Mining Corporation

Other large funds also made adjustments to their Barrick Mining shares. Capital International Investors grew its holdings by 1,234,745 shares, ending with 65,544,397 shares worth about $2,675,522,265 after a 1.9% increase. Van Eck Associates Corporation trimmed its position by 6,885,919 shares, dropping 10.3% to finish with 60,032,632 shares valued at approximately $2,450,532,019. Blackrock Inc. reduced its stake by 5,905,827 shares, a 10.6% decrease that left it with 50,020,560 shares worth about $2,041,839,243. Vanguard Capital Management LLC added 609,980 shares, growing its holdings 1.3% to 46,130,882 shares valued at roughly $1,883,062,589. Finally, Royal Bank of Canada boosted its stake by 1,223,618 shares, an increase of 3.1% to reach 40,822,919 shares worth about $1,666,391,541.

Barrick Mining Corporation Stock Up 0.9%

Barrick Mining shares recently traded around $40.92. The stock sits about 4.5% below its 50-day moving average of $42.86 and roughly 3.8% below its 200-day moving average of $42.55. The shares are down about 25.2% from their 52-week high of $54.69, but remain up about 34.8% above their 52-week low of $30.35.

Recent Earnings

Barrick Mining reported trailing-twelve-month revenue of $20,654,999,552 with trailing-twelve-month earnings of $3.87 per share. The company posted a net profit margin of 31.6% and a return on equity of 27.0%. Revenue grew 43.8% compared to the same period a year earlier. The company's next earnings report is scheduled for November 9, 2026.

Dividend

Barrick Mining pays an annual dividend of $0.70 per share, giving the stock a dividend yield of 1.73%. The company's dividend payout ratio currently stands at 23.8%.

Analysts Set New Price Targets

Wall Street analysts have updated their views on the stock ahead of the filing. On August 12, 2026, Scotiabank maintained its Sector Outperform rating while lowering its price target to $55.00 from $57.00. On August 13, 2026, Barclays kept an Equal-Weight rating and raised its target to $42.00 from $39.00. JP Morgan maintained an Overweight rating on August 14, 2026, lifting its target from $50.00 to $52.00. Bernstein kept an Outperform rating on September 9, 2026, while adjusting its target down from $61.00 to $56.50. RBC Capital maintained an Outperform rating on September 16, 2026, raising its target to $53.00 from $49.00. Overall, the company holds a consensus buy recommendation from 16 analysts, with a mean price target of $51.95.

About Barrick Mining Corporation

Barrick Mining Corporation is a Toronto-based basic materials company engaged in exploring, developing, producing, and selling mineral properties. The company focuses primarily on gold, copper, silver, and energy materials. Formerly known as Barrick Gold Corporation, the firm adopted its current name in May 2025.

Bottom Line

Ninety One SA's expanded stake highlights a growing institutional appetite for the gold miner despite recent share price consolidation. Investors will likely look toward the company's upcoming earnings release on November 9, 2026, for further clues on production and profitability. Remember that 13F filings only reveal past positions and may not reflect current holdings.