Lighthouse Investment Partners LLC Increases Stake in Barrick Mining Corporation $B

Lighthouse Investment Partners LLC lifted its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 311.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 387,263 shares of the gold and copper producer’s stock after purchasing an additional 293,216 shares during the period. Lighthouse Investment Partners LLC’s holdings in Barrick Mining were worth $12,699,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in B. Cary Street Partners Investment Advisory LLC grew its stake in shares of Barrick Mining by 19.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,260 shares of the gold and copper producer’s stock valued at $74,000 after buying an additional 373 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Barrick Mining by 4.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 8,770 shares of the gold and copper producer’s stock valued at $287,000 after acquiring an additional 391 shares during the last quarter. Legend Financial Advisors Inc. lifted its stake in shares of Barrick Mining by 0.9% in the 3rd quarter. Legend Financial Advisors Inc. now owns 45,139 shares of the gold and copper producer’s stock valued at $1,479,000 after acquiring an additional 399 shares during the last quarter. Banque Transatlantique SA boosted its holdings in Barrick Mining by 4.2% during the 3rd quarter. Banque Transatlantique SA now owns 9,950 shares of the gold and copper producer’s stock valued at $326,000 after acquiring an additional 400 shares during the period. Finally, Ascent Group LLC boosted its holdings in Barrick Mining by 2.9% during the 3rd quarter. Ascent Group LLC now owns 14,514 shares of the gold and copper producer’s stock valued at $476,000 after acquiring an additional 404 shares during the period. 90.82% of the stock is owned by institutional investors.

Barrick Mining Price Performance

Shares of B stock opened at $42.31 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. Barrick Mining Corporation has a fifty-two week low of $17.00 and a fifty-two week high of $54.69. The firm has a market cap of $70.88 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.32 and a beta of 0.41. The business’s 50 day moving average price is $47.96 and its 200-day moving average price is $40.12.

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

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a $0.42 dividend. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, February 27th. This represents a $1.68 annualized dividend and a yield of 4.0%. Barrick Mining’s dividend payout ratio (DPR) is currently 57.34%.

Analysts Set New Price Targets

A number of equities analysts have commented on B shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a research note on Monday, December 29th. JPMorgan Chase & Co. started coverage on shares of Barrick Mining in a report on Thursday, January 29th. They issued an “overweight” rating and a $68.00 target price on the stock. Canaccord Genuity Group decreased their target price on shares of Barrick Mining to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a report on Monday, January 19th. Finally, Raymond James Financial increased 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. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.