Barrick Mining Corporation $B Holdings Raised by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. increased its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 81.6% during the third quarter, HoldingsChannel reports. The firm owned 87,170 shares of the gold and copper producer’s stock after acquiring an additional 39,170 shares during the period. PCJ Investment Counsel Ltd.’s holdings in Barrick Mining were worth $2,862,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in B. Bank of New York Mellon Corp purchased a new stake in Barrick Mining in the 2nd quarter worth about $33,811,000. Savant Capital LLC purchased a new position in Barrick Mining during the 2nd quarter valued at about $490,000. Vestmark Advisory Solutions Inc. acquired a new position in shares of Barrick Mining in the 2nd quarter valued at about $256,000. Wedbush Securities Inc. purchased a new stake in shares of Barrick Mining in the second quarter worth approximately $267,000. Finally, Penserra Capital Management LLC purchased a new stake in shares of Barrick Mining in the second quarter worth approximately $68,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Scotiabank boosted their price objective on shares of Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. UBS Group set a $55.00 price target on shares of Barrick Mining in a research note on Friday, February 6th. JPMorgan Chase & Co. started coverage on Barrick Mining in a research note on Thursday, January 29th. They issued an “overweight” rating and a $68.00 target price on the stock. Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $55.00 price objective on shares of Barrick Mining in a research report on Sunday, December 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Barrick Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.25.

Barrick Mining Trading Up 0.7%

Shares of NYSE:B opened at $46.11 on Wednesday. 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 is $47.94 and its 200-day moving average is $39.75. The company has a market cap of $77.25 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.43 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.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results 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. The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The business’s revenue was up 44.6% on a year-over-year basis. Equities research 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 disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a dividend of $0.42 per share. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, February 27th. Barrick Mining’s dividend payout ratio (DPR) is currently 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.