Barrick Mining Corporation $B Shares Purchased by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. lifted its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 81.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,170 shares of the gold and copper producer’s stock after acquiring an additional 39,170 shares during the period. PCJ Investment Counsel Ltd.’s holdings in Barrick Mining were worth $2,862,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Capital International Investors grew its holdings in Barrick Mining by 35.9% during the 3rd quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock valued at $3,340,709,000 after purchasing an additional 26,921,219 shares in the last quarter. Vanguard Group Inc. increased its holdings in Barrick Mining by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 70,878,168 shares of the gold and copper producer’s stock worth $2,327,991,000 after purchasing an additional 767,544 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Barrick Mining in the 2nd quarter valued at approximately $1,091,122,000. TD Asset Management Inc raised its position in shares of Barrick Mining by 3.8% in the 3rd quarter. TD Asset Management Inc now owns 19,309,335 shares of the gold and copper producer’s stock valued at $634,346,000 after purchasing an additional 715,151 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Barrick Mining by 316.0% during the 3rd quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock valued at $601,115,000 after buying an additional 13,891,886 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Up 0.7%

Barrick Mining stock opened at $46.11 on Wednesday. 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 Corporation has a one year low of $17.00 and a one year high of $54.69. The company has a 50-day simple moving average of $47.94 and a 200-day simple moving average of $39.75. The firm has a market capitalization of $77.25 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.43 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $5.15 billion. The firm’s revenue was up 44.6% compared to the same quarter last year. As a group, equities analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a dividend of $0.42 per share. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, February 27th. This represents a $1.68 annualized dividend and a dividend yield of 3.6%. Barrick Mining’s payout ratio is 57.34%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Bank of America raised shares of Barrick Mining from a “neutral” rating to a “buy” rating and upped their price target for the company from $38.00 to $48.00 in a report on Monday, November 24th. 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. ATB Cormark Capital Markets upgraded Barrick Mining to a “moderate buy” rating in a research note on Monday, February 9th. Zacks Research downgraded Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Finally, DZ Bank upgraded Barrick Mining to a “strong-buy” rating in a report on Monday, January 19th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Barrick Mining has a consensus rating of “Moderate Buy” and a consensus target price of $55.25.

Barrick Mining 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.