244,859 Shares in Barrick Mining Corporation $B Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP bought a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the third quarter, Holdings Channel.com reports. The fund bought 244,859 shares of the gold and copper producer’s stock, valued at approximately $8,024,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Savant Capital LLC bought a new stake in shares of Barrick Mining in the 2nd quarter valued at $490,000. Acadian Asset Management LLC bought a new position in Barrick Mining during the second quarter worth $2,052,000. Allworth Financial LP acquired a new position in Barrick Mining in the second quarter valued at $350,000. CENTRAL TRUST Co acquired a new position in Barrick Mining in the second quarter valued at $37,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in Barrick Mining during the second quarter valued at $10,105,000. Institutional investors own 90.82% of the company’s stock.

Analysts Set New Price Targets

B has been the subject of a number of recent analyst reports. DZ Bank upgraded Barrick Mining to a “strong-buy” rating in a report on Monday, January 19th. Citigroup boosted their price objective on Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. TD Cowen reaffirmed a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Zacks Research cut Barrick Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.25.

Barrick Mining Trading Down 4.9%

B opened at $42.31 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 company has a market cap of $70.88 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 1.32 and a beta of 0.41. The company has a fifty day moving average price of $47.96 and a two-hundred day moving average price of $40.03.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. The company had revenue of $5.98 billion for 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 business’s revenue for the quarter was up 44.6% compared to the same quarter last year. Analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a dividend of $0.42 per share. 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. This represents a $1.68 dividend on an annualized basis and a yield of 4.0%. Barrick Mining’s dividend payout ratio (DPR) is currently 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.