Vanguard Group Inc. Increases Holdings in Barrick Mining Corporation $B

Vanguard Group Inc. boosted its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,878,168 shares of the gold and copper producer’s stock after purchasing an additional 767,544 shares during the quarter. Vanguard Group Inc.’s holdings in Barrick Mining were worth $2,327,991,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in B. Arrowstreet Capital Limited Partnership bought a new position in shares of Barrick Mining during the 2nd quarter worth $1,091,122,000. First Eagle Investment Management LLC purchased a new stake in shares of Barrick Mining during the second quarter valued at about $822,056,000. Geode Capital Management LLC purchased a new stake in Barrick Mining during the second quarter valued at approximately $307,855,000. CIBC Asset Management Inc boosted its stake in Barrick Mining by 316.0% in the third quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock valued at $601,115,000 after acquiring an additional 13,891,886 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in Barrick Mining in the second quarter valued at approximately $246,392,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. BNP Paribas Exane upgraded Barrick Mining to a “neutral” rating and set a $50.00 price target for the company in a research note on Friday, December 5th. ATB Cormark Capital Markets raised shares of Barrick Mining to a “moderate buy” rating in a research report on Monday, February 9th. Royal Bank Of Canada boosted their target price on shares of Barrick Mining from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Finally, UBS Group set a $55.00 price target on shares of Barrick Mining in a 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.25.

Barrick Mining Stock Performance

B opened at $48.55 on Friday. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 12-month low of $17.00 and a 12-month high of $54.69. The firm has a 50 day moving average of $47.01 and a two-hundred day moving average of $37.34. The firm has a market capitalization of $81.34 billion, a PE ratio of 16.57, a P/E/G ratio of 0.39 and a beta of 0.40.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. The firm had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The business’s revenue was up 44.6% compared to the same quarter last year. On average, analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, February 27th. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a yield of 3.5%. Barrick Mining’s dividend payout ratio is presently 23.89%.

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.