Barrick Mining Corporation $B Stock Position Lessened by Haven Global Partners LLC

Haven Global Partners LLC cut its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 30.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 668,562 shares of the gold and copper producer’s stock after selling 289,200 shares during the quarter. Barrick Mining makes up about 15.7% of Haven Global Partners LLC’s portfolio, making the stock its 3rd largest position. Haven Global Partners LLC’s holdings in Barrick Mining were worth $21,963,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new position in Barrick Mining during the 2nd quarter valued at about $1,459,633,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Barrick Mining in the second quarter valued at approximately $1,091,122,000. First Eagle Investment Management LLC purchased a new position in Barrick Mining during the second quarter valued at approximately $822,056,000. Geode Capital Management LLC bought a new stake in Barrick Mining during the 2nd quarter worth approximately $307,855,000. Finally, CIBC Asset Management Inc lifted its stake in Barrick Mining by 316.0% in the 3rd quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock worth $601,115,000 after purchasing an additional 13,891,886 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Trading Down 4.7%

NYSE B opened at $45.42 on Friday. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. The stock’s 50-day simple moving average is $46.36 and its two-hundred day simple moving average is $36.42. Barrick Mining Corporation has a twelve month low of $17.00 and a twelve month high of $54.69. The company has a market capitalization of $76.10 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.38 and a beta of 0.40.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating the consensus estimate 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 return on equity of 12.10% and a net margin of 29.45%.Barrick Mining’s revenue for the quarter was up 44.6% compared to the same quarter last year. Research analysts forecast 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 will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, February 27th. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. Barrick Mining’s dividend payout ratio (DPR) is 23.89%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Scotiabank boosted their price target on shares of Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. TD Cowen reaffirmed a “buy” rating on shares of Barrick Mining in a report on Wednesday, November 26th. Atb Cormark Cm upgraded Barrick Mining to a “moderate buy” rating in a research report on Monday. Finally, Citigroup boosted their price objective on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday. Two investment 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $53.58.

Barrick Mining Company 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.