14,035 Shares in Barrick Mining Corporation $B Acquired by Ninety One SA Pty Ltd

Ninety One SA Pty Ltd purchased a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the fourth quarter, Holdings Channel reports. The fund purchased 14,035 shares of the gold and copper producer’s stock, valued at approximately $611,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Linden Thomas Advisory Services LLC boosted its holdings in shares of Barrick Mining by 4.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,300 shares of the gold and copper producer’s stock valued at $361,000 after acquiring an additional 332 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Barrick Mining by 19.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,260 shares of the gold and copper producer’s stock worth $74,000 after purchasing an additional 373 shares during the last quarter. Quilter Plc raised its holdings in shares of Barrick Mining by 3.6% during the fourth quarter. Quilter Plc now owns 10,670 shares of the gold and copper producer’s stock worth $465,000 after purchasing an additional 375 shares during the last quarter. Capital Investment Advisory Services LLC lifted its position in Barrick Mining by 5.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 7,411 shares of the gold and copper producer’s stock valued at $323,000 after purchasing an additional 376 shares during the period. Finally, Pullen Investment Management LLC lifted its position in Barrick Mining by 0.5% during the fourth quarter. Pullen Investment Management LLC now owns 84,911 shares of the gold and copper producer’s stock valued at $3,698,000 after purchasing an additional 389 shares during the period. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barrick Mining Stock Performance

NYSE B opened at $43.29 on Friday. The stock has a market capitalization of $72.53 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 1.58 and a beta of 0.50. Barrick Mining Corporation has a twelve month low of $17.41 and a twelve month 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 stock has a 50-day moving average of $44.12 and a 200 day moving average of $41.87.

Barrick Mining (NYSE:B) (TSE:ABX) last issued 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. The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.Barrick Mining’s revenue was up 44.6% on a year-over-year basis. Sell-side analysts anticipate 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 was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a dividend of $0.42 per share. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, February 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.9%. Barrick Mining’s payout ratio is 57.34%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Citigroup increased their price target on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Barrick Mining in a report on Friday, March 27th. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. DZ Bank raised Barrick Mining to a “strong-buy” rating in a report on Monday, January 19th. Finally, Zacks Research cut Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.83.

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.