Marathon Asset Management Ltd Has $4.98 Million Stock Holdings in Barrick Mining Corporation $B

Marathon Asset Management Ltd trimmed its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 32.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,860 shares of the gold and copper producer’s stock after selling 73,000 shares during the quarter. Marathon Asset Management Ltd’s holdings in Barrick Mining were worth $4,977,000 as of its most recent filing with the Securities and Exchange Commission.

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

Barrick Mining Stock Performance

Shares of Barrick Mining stock opened at $46.16 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.94 and a quick ratio of 2.33. The firm has a 50 day simple moving average of $38.34 and a 200 day simple moving average of $30.28. Barrick Mining Corporation has a fifty-two week low of $15.31 and a fifty-two week high of $46.45. The firm has a market cap of $77.72 billion, a P/E ratio of 22.30, a P/E/G ratio of 0.47 and a beta of 0.40.

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 analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.20 billion. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period last year, the company earned $0.09 EPS. Sell-side analysts predict that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a $0.175 dividend. The ex-dividend date was Friday, November 28th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a yield of 1.5%. Barrick Mining’s dividend payout ratio is 33.82%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of Barrick Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Wall Street Zen cut shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. BMO Capital Markets reiterated a “market perform” rating on shares of Barrick Mining in a research note on Monday, September 22nd. Cormark raised Barrick Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 11th. Finally, National Bankshares upgraded Barrick Mining to an “outperform” rating in a research report on Monday, September 22nd. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Barrick Mining currently has a consensus rating of “Buy” and a consensus price target 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.