B vs. RIO: Barrick Mining vs. Rio Tinto Stock Comparison

November 11, 2026

How do Barrick Mining (B) and Rio Tinto (RIO) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Barrick Mining (B) and Rio Tinto (RIO) both belong to the Metals & Mining industry, though B is classified under Gold while RIO falls under Diversified Metals & Mining.

Barrick Mining (B) trades as ordinary local shares, while Rio Tinto (RIO) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Barrick Mining (B) and Rio Tinto (RIO)
Profile Item	B	RIO
Name	Barrick Mining Corporation	Rio Tinto plc ADR
Country/Region	Canada	United Kingdom
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Gold	Diversified Metals & Mining
Market Capitalization	66.76 billion USD	136.19 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 13, 1985	June 28, 1990
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

RIO

GSPC

Barrick Mining (B) vs. Rio Tinto (RIO), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Barrick Mining (B) and Rio Tinto (RIO). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Barrick Mining (B) and Rio Tinto (RIO). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Barrick Mining (B) and Rio Tinto (RIO)
Metric	B	RIO
Total Return (1Y)	30.63%	30.54%
Total Return (3Y, Annualized)	43.54%	16.90%
Total Return (5Y, Annualized)	19.79%	14.68%

Risk Profile

Drawdown History

RIO

GSPC

Barrick Mining (B) vs. Rio Tinto (RIO), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Barrick Mining (B) and Rio Tinto (RIO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Barrick Mining (B) and Rio Tinto (RIO)
Metric	B	RIO
Volatility (1Y, Annualized)	47.11%	30.72%
Beta (5Y)	0.48	0.63
Max Drawdown (5Y)	-47.62%	-35.25%
Avg. Volume (3M)	9.08M	2.35M

Risk-Adjusted Performance

Risk-Return Positioning

B and RIO are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Barrick Mining (B) and Rio Tinto (RIO)
Metric	B	RIO
Sharpe Ratio (1Y)	0.56	0.85
Sortino Ratio (1Y)	0.80	1.26

Profitability

ROE (TTM)

Barrick Mining (B) at 27.01% sits in the top ROE quartile, while Rio Tinto (RIO) at 19.31% is closer to the peer norm — stronger capital efficiency for B.

B

Materials industry group

27.01%

Max: 52.88%
B: 27.01%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

RIO

Materials industry group

19.31%

Max: 52.88%
Q3: 19.49%
RIO: 19.31%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Barrick Mining (B) vs. Rio Tinto (RIO): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Barrick Mining (B) at 31.60% and Rio Tinto (RIO) at 19.59% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

B

Materials industry group

31.60%

Max: 38.66%
B: 31.60%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

RIO

Materials industry group

19.59%

Max: 38.66%
RIO: 19.59%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Barrick Mining (B) vs. Rio Tinto (RIO): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Barrick Mining (B) at 51.34% operates in the top operating margin quartile, ahead of Rio Tinto (RIO) at 28.05%, which runs around its industry’s norm.

B

Materials industry group

51.34%

Max: 66.70%
B: 51.34%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

RIO

Materials industry group

28.05%

Max: 66.70%
Q3: 28.92%
RIO: 28.05%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Barrick Mining (B) vs. Rio Tinto (RIO): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Barrick Mining (B) and Rio Tinto (RIO)
Metric	B	RIO
ROE (TTM)	27.01%	19.31%
ROA (TTM)	13.44%	8.11%
Net Margin (TTM)	31.60%	19.59%
Operating Margin (TTM)	51.34%	28.05%
Gross Margin (TTM)	56.27%	29.75%

Growth

Revenue Growth

Both Barrick Mining (B) at 31.22% and Rio Tinto (RIO) at 7.42% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Barrick Mining (B) vs. Rio Tinto (RIO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Barrick Mining (B) at 140.16% sits in the top EPS growth quartile, while Rio Tinto (RIO) at -13.97% is closer to the peer norm — faster per-share earnings growth for B.

Barrick Mining (B) vs. Rio Tinto (RIO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Barrick Mining (B) and Rio Tinto (RIO)
Metric	B	RIO
Revenue Growth (YoY)	31.22%	7.42%
Revenue Growth (3Y CAGR)	15.47%	1.24%
EPS Growth (YoY)	140.16%	-13.97%
EPS Growth (3Y CAGR)	130.26%	-7.23%

Financial Strength

Current Ratio (MRQ)

Barrick Mining (B) at 3.01 keeps current ratio within its industry’s typical mid-range, while Rio Tinto (RIO) at 1.42 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for RIO.

B

Materials industry group

3.01

Max: 5.96
Q3: 3.30
B: 3.01
Median: 2.24
Q1: 1.45
Min: 0.16

RIO

Materials industry group

1.42

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
RIO: 1.42
Min: 0.16

Barrick Mining (B) vs. Rio Tinto (RIO): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Barrick Mining (B) at 0.13 keeps leverage in the lower industry quartile, while Rio Tinto (RIO) at 0.32 runs a more typical debt-to-equity mix.

B

Materials industry group

0.13

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
B: 0.13
Min: 0.00

RIO

Materials industry group

0.32

Max: 1.98
Q3: 0.89
Median: 0.47
RIO: 0.32
Q1: 0.13
Min: 0.00

Barrick Mining (B) vs. Rio Tinto (RIO): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Barrick Mining (B) and Rio Tinto (RIO)
Metric	B	RIO
Current Ratio (MRQ)	3.01	1.42
Debt / Equity (MRQ)	0.13	0.32
Net Debt / EBITDA	-0.10	0.58

Dividends

Dividend Yield (TTM)

Barrick Mining (B) at 1.61% pays an industry-typical yield; Rio Tinto (RIO) at 5.59% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

B

Materials industry group

1.61%

Max: 4.52%
Q3: 1.85%
B: 1.61%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

RIO

Materials industry group

5.59%

RIO: 5.59%
Max: 4.52%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Barrick Mining (B) vs. Rio Tinto (RIO): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Barrick Mining (B) at 23.77% pays out a band-typical share of earnings, while Rio Tinto (RIO) at 54.46% distributes more than its industry norm — less retained, thinner cover.

B

Materials industry group

23.77%

Max: 83.62%
Q3: 41.37%
B: 23.77%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

RIO

Materials industry group

54.46%

Max: 83.62%
RIO: 54.46%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Barrick Mining (B) vs. Rio Tinto (RIO): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Barrick Mining (B) and Rio Tinto (RIO)
Metric	B	RIO
Dividend Yield (TTM)	1.61%	5.59%
Dividend Payout Ratio (TTM)	23.77%	54.46%

Valuation

P/E Ratio (TTM)

Both Barrick Mining (B) at 10.48 and Rio Tinto (RIO) at 11.35 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.

B

Materials industry group

10.48

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
B: 10.48
Min: 3.93

RIO

Materials industry group

11.35

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
RIO: 11.35
Min: 3.93

Barrick Mining (B) vs. Rio Tinto (RIO): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Barrick Mining (B) at 3.23 and Rio Tinto (RIO) at 2.20 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

B

Materials industry group

3.23

Max: 9.62
Q3: 4.34
B: 3.23
Median: 1.87
Q1: 0.73
Min: 0.00

RIO

Materials industry group

2.20

Max: 9.62
Q3: 4.34
RIO: 2.20
Median: 1.87
Q1: 0.73
Min: 0.00

Barrick Mining (B) vs. Rio Tinto (RIO): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Barrick Mining (B) at 2.44 and Rio Tinto (RIO) at 2.08 are valued close to their industries’ norm against book — neither stands out from peers.

B

Materials industry group

2.44

Max: 6.59
Q3: 3.55
B: 2.44
Median: 2.08
Q1: 1.26
Min: -0.17

RIO

Materials industry group

2.08

Max: 6.59
Q3: 3.55
Median: 2.08
RIO: 2.08
Q1: 1.26
Min: -0.17

Barrick Mining (B) vs. Rio Tinto (RIO): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Barrick Mining (B) and Rio Tinto (RIO)
Metric	B	RIO
P/E Ratio (TTM)	10.48	11.35
P/S Ratio (TTM)	3.23	2.20
P/B Ratio (MRQ)	2.44	2.08
Free Cash Flow Yield (TTM)	7.62%	2.64%