Clear Harbor Asset Management LLC Has $2.18 Million Holdings in Barrick Mining Corporation $B

Clear Harbor Asset Management LLC lifted its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 86.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,652 shares of the gold and copper producer’s stock after acquiring an additional 30,935 shares during the period. Clear Harbor Asset Management LLC’s holdings in Barrick Mining were worth $2,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. acquired a new stake in Barrick Mining in the 2nd quarter worth $1,459,633,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Barrick Mining in the second quarter valued at about $1,091,122,000. First Eagle Investment Management LLC acquired a new stake in Barrick Mining during the second quarter worth about $822,056,000. TD Asset Management Inc bought a new position in Barrick Mining during the second quarter valued at about $386,328,000. Finally, Ninety One UK Ltd bought a new position in Barrick Mining during the second quarter valued at about $326,862,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Up 0.3%

B opened at $47.40 on Friday. The firm has a market cap of $79.81 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 0.40 and a beta of 0.41. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.33 and a current ratio of 2.94. The firm’s 50-day simple moving average is $40.67 and its 200-day simple moving average is $31.66. Barrick Mining Corporation has a twelve month low of $15.31 and a twelve month high of $47.75.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.19 billion during 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%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the firm posted $0.09 EPS. Equities research analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, November 28th. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s dividend payout ratio (DPR) is presently 33.82%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on B shares. UBS Group boosted their price objective on Barrick Mining from $39.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, December 1st. BNP Paribas upgraded shares of Barrick Mining to a “neutral” rating and set a $50.00 price target on the stock in a research note on Friday, December 5th. National Bankshares upgraded shares of Barrick Mining to an “outperform” rating in a research note on Monday, September 22nd. Cormark raised shares of Barrick Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 11th. Finally, Bank of America raised shares of Barrick Mining from a “neutral” rating to a “buy” rating and increased their price target for the stock from $38.00 to $48.00 in a research report on Monday, November 24th. Three equities research 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $47.17.

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.