Barrick Mining Corporation $B Shares Purchased by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd increased its stake in shares of Barrick Mining Corporation (NYSE:BFree 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 (NYSE:BGet Free Report) (TSE:ABX) last issued its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.85 by $0.19. The firm had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. Barrick Mining’s quarterly revenue was up 44.6% on a year-over-year basis. On average, analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current year.

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

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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

(Free Report)

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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Institutional Ownership by Quarter for Barrick Mining (NYSE:B)

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