11,553 Shares in Barrick Mining Corporation $B Purchased by Wallace Advisory Group LLC

Wallace Advisory Group LLC bought a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the third quarter, HoldingsChannel reports. The fund bought 11,553 shares of the gold and copper producer’s stock, valued at approximately $379,000.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. bought a new position in Barrick Mining during the second quarter valued at approximately $1,459,633,000. Arrowstreet Capital Limited Partnership purchased a new stake in Barrick Mining during the 2nd quarter valued at $1,091,122,000. First Eagle Investment Management LLC purchased a new stake in Barrick Mining during the 2nd quarter valued at $822,056,000. TD Asset Management Inc bought a new position in shares of Barrick Mining during the 2nd quarter valued at $386,328,000. Finally, Ninety One UK Ltd bought a new position in shares of Barrick Mining during the 2nd quarter valued at $326,862,000. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Price Performance

Shares of NYSE:B opened at $45.44 on Friday. The company has a market capitalization of $76.50 billion, a P/E ratio of 21.95, a P/E/G ratio of 0.46 and a beta of 0.40. Barrick Mining Corporation has a 1-year low of $15.31 and a 1-year high of $46.45. The firm’s 50 day simple moving average is $38.09 and its two-hundred day simple moving average is $29.96. 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 (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.19 billion for 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 company’s revenue was up 23.2% on a year-over-year basis. During the same period last year, the firm earned $0.09 EPS. Research analysts expect 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. Investors of record on Friday, November 28th were given a dividend of $0.175 per share. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, November 28th. Barrick Mining’s dividend payout ratio (DPR) is 33.82%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup upgraded Barrick Mining from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. National Bankshares upgraded Barrick Mining to an “outperform” rating in a research note on Monday, September 22nd. Raymond James Financial upped their price target on shares of Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Zacks Research raised shares of Barrick Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. Finally, BNP Paribas Exane raised shares of Barrick Mining from a “neutral” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Friday, December 5th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average 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.