Barrick Mining Corporation $B Holdings Decreased by State of Wyoming

State of Wyoming lowered its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 45.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,304 shares of the gold and copper producer’s stock after selling 14,462 shares during the quarter. State of Wyoming’s holdings in Barrick Mining were worth $567,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Barrick Mining by 225.4% during the 3rd quarter. Principal Financial Group Inc. now owns 171,058 shares of the gold and copper producer’s stock worth $5,620,000 after buying an additional 118,493 shares in the last quarter. Heritage Wealth Management Inc. acquired a new position in shares of Barrick Mining during the third quarter valued at approximately $297,000. UMB Bank n.a. bought a new stake in Barrick Mining during the third quarter worth approximately $594,000. Transcend Capital Advisors LLC bought a new stake in Barrick Mining during the third quarter worth approximately $473,000. Finally, Independent Advisor Alliance lifted its position in Barrick Mining by 11.9% in the third quarter. Independent Advisor Alliance now owns 10,849 shares of the gold and copper producer’s stock worth $356,000 after purchasing an additional 1,152 shares during the period. Institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

B has been the topic of several research analyst reports. Royal Bank Of Canada lifted their price target on Barrick Mining from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. TD Securities raised their target price on Barrick Mining from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. DZ Bank raised Barrick Mining to a “strong-buy” rating in a report on Monday, January 19th. 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. Finally, Cormark upgraded shares of Barrick Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 11th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Barrick Mining currently has a consensus rating of “Buy” and a consensus target price of $51.33.

Barrick Mining Price Performance

Shares of B opened at $47.55 on Wednesday. The stock has a 50 day simple moving average of $45.67 and a 200 day simple moving average of $35.42. Barrick Mining Corporation has a 52-week low of $16.46 and a 52-week high of $54.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.33 and a current ratio of 2.94. The firm has a market capitalization of $79.66 billion, a PE ratio of 22.97, a P/E/G ratio of 0.38 and a beta of 0.40.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $4.19 billion for 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 was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Sell-side analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a $0.175 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.70 annualized dividend and a yield of 1.5%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s payout ratio is presently 33.82%.

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.