Lansdowne Partners UK LLP Purchases Shares of 265,824 Barrick Mining Corporation $B

Lansdowne Partners UK LLP acquired a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 265,824 shares of the gold and copper producer’s stock, valued at approximately $8,711,000. Barrick Mining comprises about 0.6% of Lansdowne Partners UK LLP’s investment portfolio, making the stock its 15th largest position.

A number of other institutional investors have also recently made changes to their positions in B. Arlington Trust Co LLC bought a new stake in shares of Barrick Mining in the third quarter worth about $26,000. JPL Wealth Management LLC purchased a new stake in shares of Barrick Mining in the third quarter worth about $28,000. Provenance Wealth Advisors LLC bought a new position in Barrick Mining during the third quarter valued at approximately $32,000. Investors Research Corp bought a new position in Barrick Mining during the third quarter valued at approximately $36,000. Finally, Cloud Capital Management LLC purchased a new position in Barrick Mining during the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. TD Cowen reissued a “buy” rating on shares of Barrick Mining in a report on Wednesday, November 26th. Citigroup boosted their price target on shares of Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Canaccord Genuity Group decreased their price target on shares of Barrick Mining to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Finally, UBS Group set a $55.00 price objective on shares of Barrick Mining in a research report on Friday, February 6th. 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 data from MarketBeat, Barrick Mining presently has a consensus rating of “Moderate Buy” and an average price target of $55.25.

Barrick Mining Trading Up 1.7%

Shares of B stock opened at $43.05 on Tuesday. The company has a market cap of $72.12 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 1.32 and a beta of 0.41. Barrick Mining Corporation has a 1 year low of $17.00 and a 1 year high of $54.69. The stock’s 50 day simple moving average is $47.90 and its two-hundred day simple moving average is $40.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, topping 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 return on equity of 12.10% and a net margin of 29.45%.The business’s revenue for the quarter was up 44.6% on a year-over-year basis. Research analysts predict that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was 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 3.9%. Barrick Mining’s payout ratio is presently 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.