Lansdowne Partners UK LLP Makes New Investment in Barrick Mining Corporation $B

Lansdowne Partners UK LLP acquired a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 265,824 shares of the gold and copper producer’s stock, valued at approximately $8,711,000. Barrick Mining accounts for about 0.6% of Lansdowne Partners UK LLP’s portfolio, making the stock its 15th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of B. Cary Street Partners Investment Advisory LLC lifted its position in Barrick Mining by 19.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,260 shares of the gold and copper producer’s stock valued at $74,000 after purchasing an additional 373 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in Barrick Mining by 4.7% in the third quarter. Brown Brothers Harriman & Co. now owns 8,770 shares of the gold and copper producer’s stock worth $287,000 after buying an additional 391 shares in the last quarter. Legend Financial Advisors Inc. raised its stake in shares of Barrick Mining by 0.9% in the third quarter. Legend Financial Advisors Inc. now owns 45,139 shares of the gold and copper producer’s stock worth $1,479,000 after buying an additional 399 shares during the period. Banque Transatlantique SA raised its stake in shares of Barrick Mining by 4.2% in the third quarter. Banque Transatlantique SA now owns 9,950 shares of the gold and copper producer’s stock worth $326,000 after buying an additional 400 shares during the period. Finally, Ascent Group LLC lifted its position in shares of Barrick Mining by 2.9% during the 3rd quarter. Ascent Group LLC now owns 14,514 shares of the gold and copper producer’s stock valued at $476,000 after buying an additional 404 shares in the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Mining Stock Performance

NYSE:B opened at $43.05 on Tuesday. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 12-month low of $17.00 and a 12-month high of $54.69. The stock has a 50-day moving average price of $47.90 and a 200 day moving average price of $40.24. The stock has a market capitalization of $72.12 billion, a P/E ratio of 14.69, a P/E/G ratio of 1.32 and a beta of 0.41.

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 (EPS) for the quarter, beating 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 company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.15 billion. The business’s revenue for the quarter was up 44.6% compared to the same quarter last year. Equities research analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a dividend of $0.42 per share. The ex-dividend date was Friday, February 27th. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 annualized dividend and a dividend yield of 3.9%. Barrick Mining’s dividend payout ratio (DPR) is 57.34%.

Analysts Set New Price Targets

B has been the subject of several analyst reports. Wall Street Zen raised shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. ATB Cormark Capital Markets raised shares of Barrick Mining to a “moderate buy” rating in a report on Monday, February 9th. Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 price target on shares of Barrick Mining in a research report on Sunday, December 7th. Scotiabank increased their price objective on shares of Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, Citigroup raised their price objective on shares of Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.