Legal & General Group Plc Purchases 445,376 Shares of Barrick Mining Corporation $B

Legal & General Group Plc lifted its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 6.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,291,740 shares of the gold and copper producer’s stock after acquiring an additional 445,376 shares during the quarter. Legal & General Group Plc owned approximately 0.43% of Barrick Mining worth $239,543,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new stake in Barrick Mining in the 2nd quarter valued at about $33,811,000. Savant Capital LLC bought a new position in Barrick Mining during the second quarter worth about $490,000. Vestmark Advisory Solutions Inc. purchased a new position in shares of Barrick Mining in the second quarter worth about $256,000. Wedbush Securities Inc. purchased a new position in shares of Barrick Mining in the second quarter worth about $267,000. Finally, Penserra Capital Management LLC bought a new stake in shares of Barrick Mining in the second quarter valued at approximately $68,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on B. Jefferies Financial Group restated a “buy” rating and set a $55.00 price target on shares of Barrick Mining in a research note on Sunday, December 7th. Raymond James Financial boosted their target price on shares of Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. Bank of America upgraded Barrick Mining from a “neutral” rating to a “buy” rating and increased their target price for the stock from $38.00 to $48.00 in a research report on Monday, November 24th. JPMorgan Chase & Co. assumed coverage on Barrick Mining in a report on Thursday, January 29th. They issued an “overweight” rating and a $68.00 price target for the company. Finally, ATB Cormark Capital Markets upgraded Barrick Mining to a “moderate buy” rating in a research report on Monday, February 9th. Two research 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $55.25.

Barrick Mining Stock Performance

Barrick Mining stock opened at $44.50 on Friday. Barrick Mining Corporation has a 1-year low of $17.00 and a 1-year high of $54.69. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $74.55 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.42 and a beta of 0.41. The firm’s 50 day simple moving average is $47.99 and its 200 day simple moving average is $39.83.

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. The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. Barrick Mining’s revenue for the quarter was up 44.6% compared to the same quarter last year. As a group, analysts expect that Barrick Mining Corporation will post 1.47 earnings per share 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. Investors of record on Friday, February 27th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 annualized dividend and a yield of 3.8%. Barrick Mining’s dividend payout ratio (DPR) is presently 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.