Towarzystwo Funduszy Inwestycyjnych PZU SA Sells 74,076 Shares of Barrick Mining Corporation $B

Towarzystwo Funduszy Inwestycyjnych PZU SA decreased its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 53.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 64,689 shares of the gold and copper producer’s stock after selling 74,076 shares during the period. Barrick Mining accounts for about 0.5% of Towarzystwo Funduszy Inwestycyjnych PZU SA’s holdings, making the stock its 27th largest position. Towarzystwo Funduszy Inwestycyjnych PZU SA’s holdings in Barrick Mining were worth $2,126,000 as of its most recent filing with the SEC.

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

Barrick Mining Trading Down 4.9%

Shares of Barrick Mining stock opened at $42.31 on Friday. Barrick Mining Corporation has a 1 year low of $17.00 and a 1 year high of $54.69. The company’s fifty day simple moving average is $47.96 and its 200-day simple moving average is $39.94. The company has a market cap of $70.88 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.39 and a beta of 0.41. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13.

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

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a dividend of $0.42 per share. 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 4.0%. The ex-dividend date of this dividend is Friday, February 27th. Barrick Mining’s dividend payout ratio (DPR) is currently 57.34%.

Wall Street Analyst Weigh In

B has been the subject of several recent analyst reports. Zacks Research downgraded shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. UBS Group set a $55.00 target price on shares of Barrick Mining in a report on Friday, February 6th. BNP Paribas Exane upgraded shares of Barrick Mining to a “neutral” rating and set a $50.00 price target for the company in a report on Friday, December 5th. Bank of America raised Barrick Mining from a “neutral” rating to a “buy” rating and raised their price target for the company from $38.00 to $48.00 in a research report on Monday, November 24th. Finally, TD Cowen reiterated a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.25.

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.