Swiss Life Asset Management Ltd increased its stake in shares of Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 14.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 117,682 shares of the gold and copper producer’s stock after buying an additional 14,639 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Barrick Mining were worth $3,871,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new position in shares of Barrick Mining during the 2nd quarter valued at about $1,459,633,000. Measured Wealth Private Client Group LLC acquired a new stake in Barrick Mining during the second quarter worth about $696,000. Philadelphia Trust Co. acquired a new stake in Barrick Mining during the second quarter worth about $1,412,000. CIBC Asset Management Inc raised its stake in Barrick Mining by 316.0% during the third quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock worth $601,115,000 after purchasing an additional 13,891,886 shares during the period. Finally, Quadrature Capital Ltd raised its stake in Barrick Mining by 113.2% during the third quarter. Quadrature Capital Ltd now owns 3,984,800 shares of the gold and copper producer’s stock worth $130,764,000 after purchasing an additional 2,115,800 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.
Barrick Mining Trading Down 3.1%
Shares of B stock opened at $37.09 on Monday. Barrick Mining Corporation has a 1-year low of $17.00 and a 1-year high of $54.69. The firm has a market cap of $62.14 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 1.23 and a beta of 0.41. The company has a 50-day moving average of $47.27 and a two-hundred day moving average of $40.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33.
Barrick Mining Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a yield of 4.5%. Barrick Mining’s dividend payout ratio is presently 57.34%.
Trending Headlines about Barrick Mining
Here are the key news stories impacting Barrick Mining this week:
- Positive Sentiment: Fool argues Barrick may now be a bargain after the recent sell‑off, highlighting the company’s strong earnings beat and the view that the pullback could present a value entry for long‑term investors. Why Barrick Mining Stock Keeps Going Down
- Positive Sentiment: Analyst pieces comparing Barrick to Agnico Eagle note both miners are converting project activity into cash flow and returning capital to shareholders, supporting a constructive medium‑term outlook if metals remain firm. Barrick Mining vs. Agnico Eagle: Which Gold Miner Has More Glitter?
- Positive Sentiment: Some market coverage shows Barrick participating in broader metals momentum on the NYSE composite, a reminder that sector rallies can quickly lift the stock if commodity prices recover. Barrick Mining (NYSE:B) Rises As Nyse Composite Reflects Global Metals Momentum
- Neutral Sentiment: Valuation analyses note the recent price weakness makes Barrick cheaper on several metrics, but also emphasize the stock’s volatility—useful context for investors weighing entry points versus near‑term risk. Assessing Barrick Mining (TSX:ABX) Valuation After Recent Share Price Weakness
- Neutral Sentiment: Broader market headwinds—rising bond yields and inflation fears—are weighing on stocks generally, which can amplify downside in commodity‑sensitive names like Barrick. Stocks Retreat as Inflation Fears Push Bond Yields Higher
- Negative Sentiment: Mining.com reports Teck holds an undisclosed royalty on Barrick’s Fourmile project that could be worth billions and might complicate or delay Barrick’s plans for a Fourmile IPO—introducing asset‑level uncertainty and potential dilution of expected value. Teck’s undisclosed royalty worth billions on Barrick’s Fourmile could stymie IPO plans
- Negative Sentiment: Coverage indicates a lawsuit against Barrick has been allowed to proceed; combined with recent falls in gold prices, this legal risk and weaker commodity direction are immediate catalysts for selling pressure. Barrick Gold (ABX) Shares Plunge as Lawsuit Gets Green Light and Gold Tumbles
- Negative Sentiment: MarketWatch and other outlets note a slide in precious‑metal prices is dragging mining stocks lower, a direct headwind for Barrick’s near‑term revenue and sentiment. Mining Stocks Decline as Precious Metal Prices Drop
Wall Street Analysts Forecast Growth
B has been the subject of several analyst reports. DZ Bank raised shares of Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $71.00 price objective on shares of Barrick Mining in a report on Wednesday, February 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Barrick Mining in a research report on Sunday, December 7th. Citigroup raised their target price on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Finally, Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $55.25.
Get Our Latest Stock Analysis on Barrick Mining
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.
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