Healthcare of Ontario Pension Plan Trust Fund Buys 555,791 Shares of Barrick Mining Corporation $B

Healthcare of Ontario Pension Plan Trust Fund grew its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 427.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 685,867 shares of the gold and copper producer’s stock after acquiring 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrature Capital Ltd boosted its stake in shares of Barrick Mining by 113.2% during the third quarter. Quadrature Capital Ltd now owns 3,984,800 shares of the gold and copper producer’s stock valued at $130,764,000 after purchasing an additional 2,115,800 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of Barrick Mining during the third quarter valued at approximately $1,889,000. WINTON GROUP Ltd bought a new position in shares of Barrick Mining during the third quarter valued at approximately $12,739,000. Picton Mahoney Asset Management boosted its stake in shares of Barrick Mining by 1,673.9% during the third quarter. Picton Mahoney Asset Management now owns 1,577,359 shares of the gold and copper producer’s stock valued at $51,797,000 after purchasing an additional 1,488,438 shares in the last quarter. Finally, Schroder Investment Management Group bought a new position in shares of Barrick Mining during the third quarter valued at approximately $111,426,000. 90.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. ATB Cormark Capital Markets downgraded shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Canaccord Genuity Group lowered their target price on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Canadian Imperial Bank of Commerce lowered their target price on shares of Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 21st. UBS Group raised their target price on shares of Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings downgraded shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Barrick Mining has a consensus rating of “Moderate Buy” and an average price target of $53.46.

Barrick Mining Trading Up 4.1%

NYSE B opened at $41.85 on Tuesday. The company has a market capitalization of $69.61 billion, a PE ratio of 11.56, a P/E/G ratio of 1.14 and a beta of 0.43. The company has a fifty day moving average of $41.52 and a 200 day moving average of $43.90. Barrick Mining Corporation has a 1 year low of $20.35 and a 1 year high of $54.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. Barrick Mining’s quarterly revenue was up 66.7% compared to the same quarter last year. Research analysts forecast that Barrick Mining Corporation will post 3.78 earnings per share for the current year.

Barrick Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.175 per share. The ex-dividend date was Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a yield of 1.7%. Barrick Mining’s payout ratio is currently 19.34%.

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.