Mondrian Investment Partners LTD Acquires New Holdings in Barrick Mining Corporation $B

Mondrian Investment Partners LTD bought a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,988,956 shares of the gold and copper producer’s stock, valued at approximately $97,948,000. Mondrian Investment Partners LTD owned approximately 0.18% of Barrick Mining at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. bought a new position in shares of Barrick Mining in the second quarter worth $1,459,633,000. Arrowstreet Capital Limited Partnership purchased a new position in Barrick Mining during the second quarter worth about $1,091,122,000. First Eagle Investment Management LLC bought a new position in Barrick Mining in the 2nd quarter worth about $822,056,000. Geode Capital Management LLC bought a new position in Barrick Mining in the 2nd quarter worth about $307,855,000. Finally, CIBC Asset Management Inc raised its holdings in shares of Barrick Mining by 316.0% in the 3rd quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock valued at $601,115,000 after acquiring an additional 13,891,886 shares in the last quarter. 90.82% of the stock is owned by institutional investors.

Barrick Mining Price Performance

Shares of Barrick Mining stock opened at $47.99 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. Barrick Mining Corporation has a 52-week low of $17.00 and a 52-week high of $54.69. The company has a fifty day moving average of $46.66 and a 200-day moving average of $37.01. The stock has a market capitalization of $80.40 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 0.39 and a beta of 0.40.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. The company had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The business’s revenue was up 44.6% on a year-over-year basis. Equities research analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a $0.42 dividend. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.5%. Barrick Mining’s dividend payout ratio is presently 23.89%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Cormark raised Barrick Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 11th. BNP Paribas Exane upgraded shares of Barrick Mining to a “neutral” rating and set a $50.00 target price for the company in a research report on Friday, December 5th. Scotiabank boosted their price target on shares of Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $71.00 price objective on shares of Barrick Mining in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.58.

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.