Capital International Sarl Increases Stake in Barrick Mining Corporation $B

Capital International Sarl increased its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 49.9% in the third quarter, HoldingsChannel.com reports. The fund owned 120,960 shares of the gold and copper producer’s stock after buying an additional 40,290 shares during the period. Capital International Sarl’s holdings in Barrick Mining were worth $3,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC lifted its stake in Barrick Mining by 19.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,260 shares of the gold and copper producer’s stock valued at $74,000 after acquiring an additional 373 shares during the period. Legend Financial Advisors Inc. grew its position in Barrick Mining by 0.9% during the 3rd quarter. Legend Financial Advisors Inc. now owns 45,139 shares of the gold and copper producer’s stock worth $1,479,000 after purchasing an additional 399 shares during the period. Ascent Group LLC raised its stake in shares of Barrick Mining by 2.9% during the 3rd quarter. Ascent Group LLC now owns 14,514 shares of the gold and copper producer’s stock valued at $476,000 after buying an additional 404 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in shares of Barrick Mining by 1.1% in the third quarter. Mesirow Financial Investment Management Inc. now owns 36,792 shares of the gold and copper producer’s stock worth $1,206,000 after buying an additional 410 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in Barrick Mining by 16.0% in the 3rd quarter. Parallel Advisors LLC now owns 4,214 shares of the gold and copper producer’s stock worth $138,000 after purchasing an additional 581 shares in the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on B shares. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. JPMorgan Chase & Co. started coverage on Barrick Mining in a research report on Thursday, January 29th. They set an “overweight” rating and a $68.00 price target on the stock. Raymond James Financial raised their price objective on Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. Scotiabank boosted their price objective on Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Finally, UBS Group set a $55.00 price objective on shares of Barrick Mining in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Barrick Mining currently has a consensus rating of “Moderate Buy” and an average target price of $55.25.

Barrick Mining Price Performance

Shares of Barrick Mining stock opened at $46.11 on Wednesday. The stock has a market capitalization of $77.25 billion, a P/E ratio of 15.74, a PEG ratio of 1.43 and a beta of 0.41. The business has a 50 day simple moving average of $47.94 and a two-hundred day simple moving average of $39.75. Barrick Mining Corporation has a 12 month low of $17.00 and a 12 month high of $54.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.85 by $0.19. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.15 billion. The firm’s quarterly revenue was up 44.6% on a year-over-year basis. As a group, analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The firm also recently announced 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 is a positive change 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 yield of 3.6%. Barrick Mining’s dividend payout ratio is 57.34%.

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.