1,343,799 Shares in Barrick Mining Corporation $B Bought by Moore Capital Management LP

Moore Capital Management LP acquired a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,343,799 shares of the gold and copper producer’s stock, valued at approximately $44,036,000. Moore Capital Management LP owned about 0.08% of Barrick Mining as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Cary Street Partners Investment Advisory LLC grew its stake in shares of Barrick Mining by 19.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,260 shares of the gold and copper producer’s stock valued at $74,000 after purchasing an additional 373 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of Barrick Mining by 4.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 8,770 shares of the gold and copper producer’s stock valued at $287,000 after purchasing an additional 391 shares during the last quarter. Legend Financial Advisors Inc. lifted its stake in shares of Barrick Mining by 0.9% in the 3rd quarter. Legend Financial Advisors Inc. now owns 45,139 shares of the gold and copper producer’s stock worth $1,479,000 after purchasing an additional 399 shares during the period. Banque Transatlantique SA boosted its holdings in shares of Barrick Mining by 4.2% in the third quarter. Banque Transatlantique SA now owns 9,950 shares of the gold and copper producer’s stock worth $326,000 after buying an additional 400 shares during the last quarter. Finally, Ascent Group LLC boosted its holdings in shares of Barrick Mining by 2.9% in the third quarter. Ascent Group LLC now owns 14,514 shares of the gold and copper producer’s stock worth $476,000 after buying an additional 404 shares during the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

B has been the subject of a number of research reports. Scotiabank upped their target price on shares of Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, January 26th. TD Cowen reiterated a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Zacks Research downgraded shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. DZ Bank upgraded Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $71.00 target price on shares of Barrick Mining in a report on Wednesday, February 4th. Two equities research 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, Barrick Mining presently has a consensus rating of “Moderate Buy” and an average price target of $55.25.

Barrick Mining Price Performance

Shares of NYSE:B opened at $43.05 on Tuesday. The firm has a market cap of $72.12 billion, a price-to-earnings ratio of 14.69, a P/E/G ratio of 1.32 and a beta of 0.41. The firm has a fifty day moving average price of $47.90 and a 200 day moving average price of $40.24. Barrick Mining Corporation has a fifty-two week low of $17.00 and a fifty-two week high of $54.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The firm’s quarterly revenue was up 44.6% on a year-over-year basis. As a group, sell-side analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.9%. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, February 27th. Barrick Mining’s payout ratio is presently 57.34%.

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.