Manning & Napier Advisors LLC Sells 14,714 Shares of Barrick Mining Corporation $B

Manning & Napier Advisors LLC lowered its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 10.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 131,152 shares of the gold and copper producer’s stock after selling 14,714 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Barrick Mining were worth $4,346,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Investors Research Corp bought a new position in Barrick Mining during the third quarter valued at $36,000. Vermillion Wealth Management Inc. purchased a new position in shares of Barrick Mining during the 2nd quarter worth about $25,000. Concord Wealth Partners bought a new position in Barrick Mining during the 2nd quarter valued at about $26,000. Crowley Wealth Management Inc. bought a new position in Barrick Mining during the 2nd quarter valued at about $26,000. Finally, Grove Bank & Trust purchased a new stake in Barrick Mining in the 3rd quarter worth about $41,000. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Trading Up 0.4%

B opened at $49.93 on Thursday. The company has a quick ratio of 2.33, a current ratio of 2.94 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average is $42.00 and its two-hundred day moving average is $32.53. The company has a market capitalization of $84.06 billion, a P/E ratio of 24.12, a PEG ratio of 0.42 and a beta of 0.41. Barrick Mining Corporation has a 52 week low of $15.47 and a 52 week high of $50.51.

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

Barrick Mining Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were given a dividend of $0.175 per share. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.70 dividend on an annualized basis and a yield of 1.4%. Barrick Mining’s payout ratio is 33.82%.

Wall Street Analysts Forecast Growth

B has been the subject of several recent analyst reports. Scotiabank upgraded Barrick Mining from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $27.50 to $43.00 in a research report on Thursday, October 23rd. BMO Capital Markets restated a “market perform” rating on shares of Barrick Mining in a report on Monday, September 22nd. Cowen reiterated a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. BNP Paribas upgraded Barrick Mining to a “neutral” rating and set a $50.00 target price for the company in a research report on Friday, December 5th. Finally, Citigroup upgraded shares of Barrick Mining from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $47.17.

Barrick Mining 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.