Man Group plc Has $159.03 Million Stock Holdings in Barrick Mining Corporation $B

Man Group plc raised its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 14.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,651,738 shares of the gold and copper producer’s stock after buying an additional 474,629 shares during the period. Man Group plc owned 0.22% of Barrick Mining worth $159,033,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new stake in Barrick Mining during the 4th quarter worth about $25,000. Financial Consulate Inc. lifted its position in Barrick Mining by 1,042.0% during the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after buying an additional 521 shares in the last quarter. Intesa Sanpaolo Wealth Management bought a new stake in Barrick Mining during the 4th quarter worth about $26,000. Laurel Wealth Advisors LLC bought a new stake in Barrick Mining during the 4th quarter worth about $30,000. Finally, Motiv8 Investments LLC bought a new stake in Barrick Mining during the 4th quarter worth about $31,000. 90.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. ATB Cormark Capital Markets cut shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Canaccord Genuity Group cut their price target on shares of Barrick Mining to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Canadian Imperial Bank of Commerce cut their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 21st. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Finally, Barclays assumed coverage on shares of Barrick Mining in a research report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.46.

Barrick Mining Stock Down 3.4%

Barrick Mining stock opened at $41.30 on Thursday. The firm has a market capitalization of $68.70 billion, a PE ratio of 11.41, a P/E/G ratio of 1.22 and a beta of 0.44. The company’s 50-day moving average is $41.55 and its 200-day moving average is $43.91. Barrick Mining Corporation has a fifty-two week low of $20.35 and a fifty-two week high of $54.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.18. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The firm’s quarterly revenue was up 66.7% compared to the same quarter last year. Sell-side analysts anticipate that Barrick Mining Corporation will post 3.78 earnings per share for the current year.

Barrick Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, May 29th. This represents a $0.70 annualized dividend and a dividend yield of 1.7%. Barrick Mining’s payout ratio is currently 19.34%.

Barrick Mining 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.