UniSuper Management Pty Ltd Increases Position in Barrick Mining Corporation $B

UniSuper Management Pty Ltd grew its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 1,476.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 463,454 shares of the gold and copper producer’s stock after purchasing an additional 434,054 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Barrick Mining were worth $15,187,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. acquired a new position in Barrick Mining in the 2nd quarter valued at about $1,459,633,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Barrick Mining during the 2nd quarter worth approximately $696,000. Philadelphia Trust Co. purchased a new stake in shares of Barrick Mining during the 2nd quarter valued at approximately $1,412,000. Cadence Wealth Management LLC acquired a new position in Barrick Mining in the second quarter valued at approximately $1,112,000. Finally, Hillsdale Investment Management Inc. purchased a new position in Barrick Mining in the second quarter worth approximately $30,641,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Cormark upgraded Barrick Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 11th. Raymond James Financial raised their price objective on Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Wall Street Zen cut shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. CIBC increased their target price on shares of Barrick Mining from $38.00 to $50.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Finally, Royal Bank Of Canada boosted their price target on shares of Barrick Mining from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $46.91.

Barrick Mining Stock Performance

NYSE B opened at $51.04 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.94 and a quick ratio of 2.33. The company has a market cap of $85.50 billion, a P/E ratio of 24.65, a P/E/G ratio of 0.43 and a beta of 0.41. The stock has a 50-day moving average of $43.98 and a two-hundred day moving average of $33.91. Barrick Mining Corporation has a 1-year low of $15.70 and a 1-year high of $51.09.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.20 billion. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. As a group, analysts anticipate that Barrick Mining Corporation will post 1.47 EPS 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 paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.4%. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 28th. Barrick Mining’s payout ratio is presently 33.82%.

About Barrick Mining

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.