Capital International Investors Has $3.34 Billion Stock Position in Barrick Mining Corporation $B

Capital International Investors lifted its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 35.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 101,846,588 shares of the gold and copper producer’s stock after purchasing an additional 26,921,219 shares during the period. Capital International Investors owned 6.04% of Barrick Mining worth $3,340,709,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Arlington Trust Co LLC bought a new position in Barrick Mining during the 3rd quarter worth $26,000. Provenance Wealth Advisors LLC acquired a new position in Barrick Mining during the 3rd quarter worth about $32,000. Investors Research Corp bought a new stake in shares of Barrick Mining in the 3rd quarter valued at about $36,000. Cloud Capital Management LLC bought a new stake in shares of Barrick Mining in the 3rd quarter valued at about $40,000. Finally, Grove Bank & Trust acquired a new stake in shares of Barrick Mining in the third quarter valued at about $41,000. Institutional investors own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on B shares. TD Cowen restated a “buy” rating on shares of Barrick Mining in a research report on Wednesday, November 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 target price on shares of Barrick Mining in a report on Sunday, December 7th. DZ Bank raised shares of Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. Zacks Research lowered shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Finally, 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 report on Monday, January 26th. Two 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.25.

Barrick Mining Price Performance

Barrick Mining stock opened at $45.86 on Tuesday. The stock has a market capitalization of $76.82 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.42 and a beta of 0.41. Barrick Mining Corporation has a 52-week low of $17.00 and a 52-week high of $54.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. The stock’s 50 day moving average price is $47.90 and its two-hundred day moving average price is $39.61.

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

Barrick Mining Increases Dividend

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

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.