Barrick Mining Corporation (B) Benefited from Surge in Gold Prices

Ariel Investments, an investment management company, released its “Ariel Focus Fund” first-quarter investor letter. A copy of the letter can be downloaded here. At the end of the first quarter of 2025, most major U.S. indices recorded losses as investors sought safety. Initial optimism for another strong year of U.S. performance, fueled by economic momentum and the new administration’s pro-business policies, faded as concerns over tariffs and uncertainty in policy direction. In the environment, the fund returned -3.88%, lagging the Russell 1000 Value Index’s +2.14% gain, and ahead of the S&P 500 Index’s -4.27% return. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its first-quarter 2025 investor letter, Ariel Focus Fund highlighted stocks such as Barrick Mining Corporation (NYSE:B). In May 2025, Barrick Gold Corporation changed its name to Barrick Mining Corporation (NYSE:B). Barrick Mining Corporation (NYSE:B) is a mining and exploration company. The one-month return of Barrick Mining Corporation (NYSE:B) was 12.76%, and its shares gained 25.95% of their value over the last 52 weeks. On June 11, 2025, Barrick Mining Corporation (NYSE:B) stock closed at $20.24 per share, with a market capitalization of $34.802 billion.

Ariel Focus Fund stated the following regarding Barrick Mining Corporation (NYSE:B) in its Q1 2025 investor letter:

“Gold mining company Barrick Mining Corporation (NYSE:B) advanced in the quarter as gold prices soared and investors flocked to safety amidst recession concerns. Strong quarterly earnings results driven by higher gold and copper production further aided shares. Although management delivered cautious 2025 guidance, there are rumors GOLD’s prolonged dispute with the African government of Mali may be nearing an end. Despite ongoing uncertainty, management remains laser focused on upgrading mining operations and broadly improving efficiencies. The company also continues to prioritize capital returns to shareholders via dividends and share repurchases.”

 Barrick Mining Corporation (NYSE:B) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 46 hedge fund portfolios held Barrick Mining Corporation (NYSE:B) at the end of the first quarter, which was 44 in the previous quarter. While we acknowledge the potential of Barrick Mining Corporation (NYSE:B) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.

In another article, we covered Barrick Mining Corporation (NYSE:B) and shared the list of best gold stocks to invest. In According to Billionaires. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.