Oaktree Capital Management LP Raises Stock Holdings in Barrick Mining Corporation $B

Oaktree Capital Management LP raised its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 4.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,302,086 shares of the gold and copper producer’s stock after acquiring an additional 144,400 shares during the period. Barrick Mining makes up approximately 0.9% of Oaktree Capital Management LP’s holdings, making the stock its 11th biggest position. Oaktree Capital Management LP owned approximately 0.20% of Barrick Mining worth $108,209,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Johnson Financial Group Inc. lifted its position in Barrick Mining by 95.6% during the third quarter. Johnson Financial Group Inc. now owns 4,657 shares of the gold and copper producer’s stock valued at $153,000 after purchasing an additional 2,276 shares during the period. Quadrature Capital Ltd grew its position in Barrick Mining by 113.2% in the 3rd 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. Recurrent Investment Advisors LLC grew its position in Barrick Mining by 6.5% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 229,763 shares of the gold and copper producer’s stock worth $7,529,000 after purchasing an additional 13,958 shares during the period. Invesco Ltd. raised its stake in Barrick Mining by 1.6% during the 3rd quarter. Invesco Ltd. now owns 10,479,593 shares of the gold and copper producer’s stock valued at $343,416,000 after buying an additional 160,984 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Barrick Mining by 664.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,013,464 shares of the gold and copper producer’s stock valued at $295,977,000 after buying an additional 7,833,887 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Performance

Shares of NYSE B traded down $1.02 during trading on Friday, hitting $43.47. The company had a trading volume of 1,735,194 shares, compared to its average volume of 15,574,347. Barrick Mining Corporation has a 12 month low of $17.00 and a 12 month high of $54.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. The firm has a market capitalization of $72.83 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.42 and a beta of 0.41. The stock has a 50 day simple moving average of $47.99 and a 200 day simple moving average of $39.83.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. The company had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The firm’s revenue for the quarter was up 44.6% on a year-over-year basis. As a group, analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a $0.42 dividend. The ex-dividend date is Friday, February 27th. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.9%. Barrick Mining’s dividend payout ratio (DPR) is currently 57.34%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on B shares. Bank of America upgraded Barrick Mining from a “neutral” rating to a “buy” rating and raised their price target for the stock from $38.00 to $48.00 in a research note on Monday, November 24th. Canaccord Genuity Group reduced their price objective on Barrick Mining to $77.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. JPMorgan Chase & Co. assumed coverage on Barrick Mining in a research report on Thursday, January 29th. They issued an “overweight” rating and a $68.00 target price on the stock. DZ Bank upgraded Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.25.

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.