Sequoia Financial Advisors LLC Invests $1.01 Million in Barrick Mining Corporation $B

Sequoia Financial Advisors LLC purchased a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 30,910 shares of the gold and copper producer’s stock, valued at approximately $1,013,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in B. Vermillion Wealth Management Inc. purchased a new position in Barrick Mining in the 2nd quarter valued at about $25,000. Crowley Wealth Management Inc. purchased a new stake in shares of Barrick Mining during the second quarter worth about $26,000. Concord Wealth Partners acquired a new position in shares of Barrick Mining in the second quarter worth about $26,000. Arlington Trust Co LLC purchased a new position in Barrick Mining in the third quarter valued at about $26,000. Finally, Ameriflex Group Inc. purchased a new position in Barrick Mining in the second quarter valued at about $27,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on B shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $55.00 target price on shares of Barrick Mining in a research report on Sunday, December 7th. Bank of America upgraded shares of Barrick Mining from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $38.00 to $48.00 in a research note on Monday, November 24th. Citigroup upgraded shares of Barrick Mining from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Cormark raised shares of Barrick Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a research note on Monday, December 29th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $46.91.

Barrick Mining Stock Performance

Barrick Mining stock opened at $51.04 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.94 and a quick ratio of 2.33. Barrick Mining Corporation has a 12 month low of $15.70 and a 12 month high of $51.09. The company has a fifty day moving average price of $43.98 and a two-hundred day moving average price of $33.82. The company has a market cap of $85.50 billion, a PE ratio of 24.65, a P/E/G ratio of 0.42 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. Research 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 announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.4%. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 28th. Barrick Mining’s dividend payout ratio is currently 33.82%.

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.