Stephens Inc. AR Sells 24,747 Shares of Barrick Mining Corporation $B

Stephens Inc. AR decreased its position in Barrick Mining Corporation (NYSE:BFree Report) (TSE:ABX) by 31.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 53,985 shares of the gold and copper producer’s stock after selling 24,747 shares during the period. Stephens Inc. AR’s holdings in Barrick Mining were worth $1,769,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. bought a new stake in shares of Barrick Mining in the second quarter valued at $1,459,633,000. Arrowstreet Capital Limited Partnership bought a new stake in Barrick Mining in the 2nd quarter valued at about $1,091,122,000. First Eagle Investment Management LLC bought a new stake in Barrick Mining in the 2nd quarter valued at about $822,056,000. TD Asset Management Inc purchased a new stake in Barrick Mining during the second quarter valued at about $386,328,000. Finally, Ninety One UK Ltd bought a new position in Barrick Mining during the second quarter worth about $326,862,000. 90.82% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several analysts have recently issued reports on B shares. Royal Bank Of Canada boosted their price target on shares of Barrick Mining from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. BNP Paribas Exane upgraded shares of Barrick Mining from a “neutral” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Friday, December 5th. Scotiabank raised shares of Barrick Mining from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $27.50 to $43.00 in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a report on Monday, December 29th. Finally, Cowen reiterated a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.17.

Get Our Latest Analysis on Barrick Mining

Barrick Mining Stock Down 1.9%

Shares of NYSE:B opened at $48.68 on Friday. The firm has a fifty day moving average price of $42.65 and a two-hundred day moving average price of $32.92. The company has a market cap of $81.56 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 0.41 and a beta of 0.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.94 and a quick ratio of 2.33. Barrick Mining Corporation has a one year low of $15.47 and a one year high of $50.51.

Barrick Mining (NYSE:BGet Free Report) (TSE:ABX) last released its quarterly earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The business’s quarterly revenue was up 23.2% on a year-over-year basis. Analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 28th. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s payout ratio is 33.82%.

About Barrick Mining

(Free Report)

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.

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Institutional Ownership by Quarter for Barrick Mining (NYSE:B)

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