ORG Partners LLC Decreases Position in Barrick Mining Corporation $B

ORG Partners LLC decreased its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 93.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,642 shares of the gold and copper producer’s stock after selling 22,134 shares during the period. ORG Partners LLC’s holdings in Barrick Mining were worth $54,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in Barrick Mining in the 2nd quarter valued at about $1,459,633,000. Arrowstreet Capital Limited Partnership acquired a new position in Barrick Mining during the second quarter worth about $1,091,122,000. First Eagle Investment Management LLC purchased a new stake in shares of Barrick Mining in the second quarter valued at about $822,056,000. TD Asset Management Inc acquired a new stake in shares of Barrick Mining in the second quarter valued at approximately $386,328,000. Finally, Ninety One UK Ltd acquired a new stake in shares of Barrick Mining in the second quarter valued at approximately $326,862,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Trading Up 2.7%

Shares of Barrick Mining stock opened at $49.10 on Tuesday. Barrick Mining Corporation has a fifty-two week low of $15.31 and a fifty-two week high of $49.74. The firm has a market cap of $82.66 billion, a PE ratio of 23.72, a P/E/G ratio of 0.40 and a beta of 0.41. The business’s fifty day moving average is $41.29 and its two-hundred day moving average is $32.20. The company has a quick ratio of 2.33, a current ratio of 2.94 and a debt-to-equity ratio of 0.14.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $0.175 dividend. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 28th. This represents a $0.70 annualized dividend and a yield of 1.4%. Barrick Mining’s dividend payout ratio (DPR) is presently 33.82%.

Wall Street Analysts Forecast Growth

B has been the subject of several research reports. Sanford C. Bernstein restated an “outperform” rating on shares of Barrick Mining in a research report on Wednesday, September 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. TD Securities boosted their price target on Barrick Mining from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Citigroup raised Barrick Mining from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Finally, Canaccord Genuity Group lifted their price objective on Barrick Mining from $39.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $47.17.

Barrick Mining Company Profile

Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.