Vestmark Advisory Solutions Inc. Acquires 36,075 Shares of Barrick Mining Corporation $B

Vestmark Advisory Solutions Inc. grew its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 293.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,383 shares of the gold and copper producer’s stock after acquiring an additional 36,075 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Barrick Mining were worth $1,586,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of B. Bleakley Financial Group LLC raised its stake in Barrick Mining by 23.8% during the 3rd quarter. Bleakley Financial Group LLC now owns 37,748 shares of the gold and copper producer’s stock worth $1,237,000 after acquiring an additional 7,268 shares during the period. Semanteon Capital Management LP bought a new position in Barrick Mining in the 3rd quarter worth approximately $564,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Barrick Mining during the third quarter valued at approximately $213,000. Frisch Financial Group Inc. lifted its holdings in shares of Barrick Mining by 7.8% in the third quarter. Frisch Financial Group Inc. now owns 22,162 shares of the gold and copper producer’s stock worth $726,000 after buying an additional 1,600 shares in the last quarter. Finally, Factory Mutual Insurance Co. bought a new position in shares of Barrick Mining during the third quarter worth $1,696,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on B shares. Zacks Research downgraded shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $55.00 price objective on shares of Barrick Mining in a report on Sunday, December 7th. Cormark upgraded shares of Barrick Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 11th. Bank of America upgraded shares of Barrick Mining from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $38.00 to $48.00 in a report on Monday, November 24th. Finally, Scotiabank boosted their price objective on Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.25.

Barrick Mining Trading Up 1.0%

B stock opened at $49.70 on Wednesday. The company has a market capitalization of $83.27 billion, a PE ratio of 16.96, a P/E/G ratio of 0.40 and a beta of 0.40. 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 Corporation has a 12 month low of $17.00 and a 12 month high of $54.69. The firm’s 50-day moving average is $47.37 and its 200 day moving average is $38.10.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results 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. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. The company’s revenue was up 44.6% compared to the same quarter last year. On average, research analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio (DPR) is currently 23.89%.

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.