Barrick Mining Corporation $B Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. reduced its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 81.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,000 shares of the gold and copper producer’s stock after selling 663,000 shares during the period. Barrick Mining makes up approximately 1.1% of Hussman Strategic Advisors Inc.’s holdings, making the stock its 4th largest holding. Hussman Strategic Advisors Inc.’s holdings in Barrick Mining were worth $5,014,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of B. Vanguard Group Inc. purchased a new position in Barrick Mining in the second quarter valued at approximately $1,459,633,000. Arrowstreet Capital Limited Partnership purchased a new stake in Barrick Mining during the second quarter worth approximately $1,091,122,000. First Eagle Investment Management LLC acquired a new stake in shares of Barrick Mining in the second quarter worth $822,056,000. TD Asset Management Inc purchased a new position in shares of Barrick Mining in the 2nd quarter valued at $386,328,000. Finally, CIBC Asset Management Inc raised its stake in shares of Barrick Mining by 316.0% in the 3rd quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock valued at $601,115,000 after acquiring an additional 13,891,886 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Performance

Shares of B opened at $52.16 on Wednesday. The firm has a market cap of $87.39 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 0.44 and a beta of 0.41. The company has a quick ratio of 2.33, a current ratio of 2.94 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $44.55 and its two-hundred day moving average is $34.43. Barrick Mining Corporation has a 52-week low of $15.70 and a 52-week high of $53.28.

Barrick Mining (NYSE:B) (TSE:ABX) last issued 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. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.20 billion. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The business’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current fiscal 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 paid a $0.175 dividend. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 28th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.3%. Barrick Mining’s dividend payout ratio (DPR) is currently 33.82%.

Analyst Ratings Changes

Several analysts recently issued reports on B shares. Citigroup upgraded Barrick Mining from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Bank of America upgraded Barrick Mining from a “neutral” rating to a “buy” rating and increased their target price for the company from $38.00 to $48.00 in a research note on Monday, November 24th. TD Securities boosted their price target on Barrick Mining from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. 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 reissued a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Barrick Mining currently has a consensus rating of “Buy” and an average target price of $48.73.

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.