JARISLOWSKY FRASER Ltd Acquires 13,404 Shares of Barrick Mining Corporation $B

JARISLOWSKY FRASER Ltd grew its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 40.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 46,306 shares of the gold and copper producer’s stock after acquiring an additional 13,404 shares during the period. JARISLOWSKY FRASER Ltd’s holdings in Barrick Mining were worth $1,519,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in B. Fiduciary Financial Group LLC bought a new stake in Barrick Mining during the second quarter worth approximately $352,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Barrick Mining in the 2nd quarter worth approximately $464,000. Fractal Investments LLC purchased a new position in shares of Barrick Mining in the 2nd quarter worth approximately $341,000. Hedges Asset Management LLC bought a new position in shares of Barrick Mining during the 2nd quarter valued at approximately $1,249,000. Finally, Parallel Advisors LLC purchased a new stake in Barrick Mining during the 2nd quarter valued at $76,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on B shares. Canaccord Genuity Group lifted their price objective on shares of Barrick Mining from $39.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. UBS Group lifted their price target on shares of Barrick Mining from $39.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Scotiabank upgraded shares of Barrick Mining from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $27.50 to $43.00 in a report on Thursday, October 23rd. Sanford C. Bernstein reissued an “outperform” rating on shares of Barrick Mining in a research note on Wednesday, September 24th. Finally, Wall Street Zen lowered Barrick Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Barrick Mining presently has a consensus rating of “Buy” and a consensus price target of $47.17.

Barrick Mining Trading Up 1.1%

B stock opened at $44.03 on Friday. Barrick Mining Corporation has a 12 month low of $15.31 and a 12 month high of $46.45. The firm’s 50-day moving average is $39.49 and its 200 day moving average is $31.01. The company has a market capitalization of $74.13 billion, a PE ratio of 21.27, a P/E/G ratio of 0.30 and a beta of 0.41. 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 released its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 EPS. On average, research analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current 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 paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.6%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 28th. Barrick Mining’s payout ratio is currently 33.82%.

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.