Barrick Mining Corporation $B Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. boosted its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 16.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,300,177 shares of the gold and copper producer’s stock after purchasing an additional 729,894 shares during the period. Franklin Resources Inc.’s holdings in Barrick Mining were worth $173,732,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Arlington Trust Co LLC acquired a new stake in shares of Barrick Mining during the 3rd quarter worth approximately $26,000. Provenance Wealth Advisors LLC purchased a new stake in Barrick Mining in the third quarter valued at $32,000. Wealth Preservation Advisors LLC acquired a new position in shares of Barrick Mining in the 2nd quarter valued at $33,000. Investors Research Corp acquired a new position in shares of Barrick Mining in the 3rd quarter valued at $36,000. Finally, CENTRAL TRUST Co purchased a new position in shares of Barrick Mining during the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $71.00 price objective on shares of Barrick Mining in a report on Wednesday, February 4th. Scotiabank lifted 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. Jefferies Financial Group reissued a “buy” rating and issued a $55.00 target price on shares of Barrick Mining in a research report on Sunday, December 7th. BNP Paribas Exane upgraded Barrick Mining to a “neutral” rating and set a $50.00 price target on the stock in a research note on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.25.

Barrick Mining Stock Performance

Shares of B opened at $44.50 on Friday. Barrick Mining Corporation has a 1 year low of $17.00 and a 1 year high of $54.69. The stock has a market capitalization of $74.55 billion, a PE ratio of 15.19, a PEG ratio of 1.42 and a beta of 0.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. The stock has a 50-day simple moving average of $47.99 and a 200-day simple moving average of $39.83.

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

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio (DPR) is 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.