Barrick Mining Corporation $B Stake Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 664.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,013,464 shares of the gold and copper producer’s stock after buying an additional 7,833,887 shares during the period. Barrick Mining comprises approximately 0.9% of Connor Clark & Lunn Investment Management Ltd.’s portfolio, making the stock its 23rd biggest position. Connor Clark & Lunn Investment Management Ltd. owned about 0.53% of Barrick Mining worth $295,977,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. Citigroup lifted their target price 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. Canaccord Genuity Group lowered their price target on shares of Barrick Mining to $77.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. BNP Paribas Exane raised shares of Barrick Mining to a “neutral” rating and set a $50.00 price target on the stock in a research note on Friday, December 5th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $71.00 price objective on shares of Barrick Mining in a report on Wednesday, February 4th. 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 company. According to data from MarketBeat.com, Barrick Mining presently has an average rating of “Moderate Buy” and a consensus price target of $55.25.

Barrick Mining Trading Down 1.6%

NYSE:B opened at $45.42 on Thursday. The company has a market capitalization of $76.10 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.44 and a beta of 0.41. The stock’s 50 day moving average price is $47.97 and its 200 day moving average price is $39.79. 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.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. The firm had revenue of $5.98 billion during 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 firm’s revenue for the quarter was up 44.6% compared to the same quarter last year. On average, research analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

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