Capital International Sarl Acquires 40,290 Shares of Barrick Mining Corporation $B

Capital International Sarl increased its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 49.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,960 shares of the gold and copper producer’s stock after purchasing an additional 40,290 shares during the quarter. Capital International Sarl’s holdings in Barrick Mining were worth $3,967,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Arlington Trust Co LLC bought a new stake in shares of Barrick Mining during the third quarter valued at approximately $26,000. Provenance Wealth Advisors LLC bought a new position in shares of Barrick Mining during the 3rd quarter valued at about $32,000. Wealth Preservation Advisors LLC purchased a new position in shares of Barrick Mining during the second quarter valued at about $33,000. Investors Research Corp bought a new stake in shares of Barrick Mining in the third quarter worth about $36,000. Finally, CENTRAL TRUST Co purchased a new stake in shares of Barrick Mining in the second quarter worth about $37,000. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Stock Up 0.7%

Shares of NYSE B opened at $46.11 on Wednesday. Barrick Mining Corporation has a 52-week low of $17.00 and a 52-week high of $54.69. The firm has a market capitalization of $77.25 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.43 and a beta of 0.41. The stock has a 50 day moving average price of $47.94 and a 200 day moving average price of $39.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92.

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, topping the consensus estimate of $0.85 by $0.19. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The business had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.15 billion. The firm’s quarterly revenue was up 44.6% compared to the same quarter last year. Sell-side analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The business also recently declared 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. The ex-dividend date is Friday, February 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio (DPR) is 57.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on B shares. Raymond James Financial lifted their price objective on shares of Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a research note on Monday, December 29th. BNP Paribas Exane raised shares of Barrick Mining to a “neutral” rating and set a $50.00 price target for the company in a research note on Friday, December 5th. UBS Group set a $55.00 price target on shares of Barrick Mining in a report on Friday, February 6th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $55.00 price target on shares of Barrick Mining in a research note on Sunday, December 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $55.25.

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.