Barrick Mining Corporation $B Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 31.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,432 shares of the gold and copper producer’s stock after acquiring an additional 12,662 shares during the quarter. Blue Trust Inc.’s holdings in Barrick Mining were worth $1,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. bought a new position in Barrick Mining in the second quarter worth about $1,459,633,000. Measured Wealth Private Client Group LLC bought a new position in shares of Barrick Mining during the second quarter valued at approximately $696,000. Philadelphia Trust Co. acquired a new stake in shares of Barrick Mining during the 2nd quarter worth approximately $1,412,000. Cadence Wealth Management LLC bought a new stake in shares of Barrick Mining in the 2nd quarter worth approximately $1,112,000. Finally, Hillsdale Investment Management Inc. acquired a new position in Barrick Mining during the 2nd quarter valued at approximately $30,641,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Barrick Mining Stock Performance

B stock opened at $46.16 on Friday. The company has a 50-day simple moving average of $38.34 and a 200 day simple moving average of $30.14. The company has a market capitalization of $77.72 billion, a P/E ratio of 22.30, a PEG ratio of 0.46 and a beta of 0.40. The company has a quick ratio of 2.33, a current ratio of 2.94 and a debt-to-equity ratio of 0.14. Barrick Mining Corporation has a fifty-two week low of $15.31 and a fifty-two week high of $46.45.

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

Barrick Mining Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 28th. Barrick Mining’s payout ratio is currently 33.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on B shares. Canaccord Genuity Group increased their target price on Barrick Mining from $39.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Zacks Research upgraded shares of Barrick Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. National Bankshares raised shares of Barrick Mining to an “outperform” rating in a report on Monday, September 22nd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Barrick Mining in a research report on Wednesday, September 24th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Barrick Mining in a research report on Monday, September 22nd. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $47.17.

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.