Capital Group Private Client Services Inc. Has $7.90 Million Stock Position in Barrick Mining Corporation $B

Capital Group Private Client Services Inc. lifted its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 210.4% during the third quarter, Holdings Channel.com reports. The firm owned 240,585 shares of the gold and copper producer’s stock after acquiring an additional 163,078 shares during the period. Capital Group Private Client Services Inc.’s holdings in Barrick Mining were worth $7,895,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in B. Arlington Trust Co LLC bought a new stake in Barrick Mining in the 3rd quarter valued at about $26,000. Provenance Wealth Advisors LLC acquired a new stake in Barrick Mining in the third quarter valued at approximately $32,000. Wealth Preservation Advisors LLC acquired a new stake in Barrick Mining in the second quarter valued at approximately $33,000. Investors Research Corp bought a new stake in shares of Barrick Mining during the third quarter valued at approximately $36,000. Finally, CENTRAL TRUST Co bought a new stake in shares of Barrick Mining during the second quarter valued at approximately $37,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barrick Mining Stock Up 1.0%

Shares of NYSE:B opened at $45.86 on Tuesday. The business’s 50 day moving average is $47.90 and its 200 day moving average is $39.61. Barrick Mining Corporation has a 12-month low of $17.00 and a 12-month high of $54.69. The stock has a market cap of $76.82 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.42 and a beta of 0.41. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining’s revenue was up 44.6% compared to the same quarter last year. On average, sell-side analysts forecast that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a $0.42 dividend. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, February 27th. Barrick Mining’s dividend payout ratio is currently 57.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Cormark upgraded Barrick Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 11th. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a research note on Monday, December 29th. Citigroup raised their price objective on shares of Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a report on Monday, January 19th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $55.00 target price on shares of Barrick Mining in a research report on Sunday, December 7th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.25.

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.