PKO Investment Management Joint Stock Co Has $23.34 Million Stock Holdings in Barrick Mining Corporation $B

PKO Investment Management Joint Stock Co decreased its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 24.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 534,921 shares of the gold and copper producer’s stock after selling 171,000 shares during the quarter. Barrick Mining makes up approximately 1.9% of PKO Investment Management Joint Stock Co’s holdings, making the stock its 13th largest position. PKO Investment Management Joint Stock Co’s holdings in Barrick Mining were worth $23,344,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital International Investors increased its stake in shares of Barrick Mining by 35.9% in the third quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock worth $3,340,709,000 after acquiring an additional 26,921,219 shares during the last quarter. CIBC Asset Management Inc boosted its position in Barrick Mining by 316.0% during the third quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock valued at $601,115,000 after purchasing an additional 13,891,886 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in Barrick Mining during the second quarter valued at $211,263,000. Canada Pension Plan Investment Board purchased a new position in Barrick Mining in the second quarter valued at about $172,230,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Barrick Mining by 664.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,013,464 shares of the gold and copper producer’s stock worth $295,977,000 after purchasing an additional 7,833,887 shares during the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Mining Price Performance

Shares of NYSE:B opened at $38.79 on Friday. The stock has a market capitalization of $64.99 billion, a P/E ratio of 13.24, a P/E/G ratio of 1.42 and a beta of 0.41. The business has a 50-day moving average of $42.85 and a two-hundred day moving average of $42.36. Barrick Mining Corporation has a fifty-two week low of $17.41 and a fifty-two week high of $54.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings data 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 business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.15 billion. The company’s quarterly revenue was up 44.6% on a year-over-year basis. On average, equities research analysts predict that Barrick Mining Corporation will post 3.56 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.3%. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, February 27th. Barrick Mining’s dividend payout ratio is 57.34%.

Analyst Ratings Changes

A number of research firms have recently weighed in on B. Citigroup raised their price target on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Canadian Imperial Bank of Commerce dropped their price objective on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a research report on Friday, March 27th. Canaccord Genuity Group reduced their target price on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. began coverage on shares of Barrick Mining in a research report on Thursday, January 29th. They issued an “overweight” rating and a $68.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.17.

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.