Healthcare of Ontario Pension Plan Trust Fund Grows Holdings in Barrick Mining Corporation $B

Healthcare of Ontario Pension Plan Trust Fund raised its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 427.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 685,867 shares of the gold and copper producer’s stock after purchasing an additional 555,791 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Barrick Mining were worth $29,870,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in B. CW Advisors LLC purchased a new position in Barrick Mining in the second quarter valued at $283,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Barrick Mining during the second quarter worth about $53,000. First Trust Advisors LP acquired a new position in Barrick Mining during the second quarter worth about $857,000. Baird Financial Group Inc. acquired a new position in Barrick Mining during the second quarter worth about $2,569,000. Finally, Cresset Asset Management LLC acquired a new position in Barrick Mining during the second quarter worth about $543,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Performance

Shares of B stock opened at $41.85 on Tuesday. The firm’s 50 day moving average price is $41.52 and its 200-day moving average price is $43.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06. Barrick Mining Corporation has a one year low of $20.35 and a one year high of $54.69. The firm has a market cap of $69.61 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.14 and a beta of 0.43.

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

Barrick Mining Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on B shares. Weiss Ratings lowered shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Canadian Imperial Bank of Commerce decreased their target price on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. UBS Group boosted their target price on shares of Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Barclays started coverage on shares of Barrick Mining in a report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 target price on the stock. Finally, ATB Cormark Capital Markets lowered shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Barrick Mining has an average rating of “Moderate Buy” and an average target price of $53.46.

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.