Barrick Mining Corporation $B is Intact Investment Management Inc.’s 5th Largest Position

Intact Investment Management Inc. trimmed its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 16.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,048,320 shares of the gold and copper producer’s stock after selling 410,170 shares during the quarter. Barrick Mining accounts for 2.6% of Intact Investment Management Inc.’s investment portfolio, making the stock its 5th largest holding. Intact Investment Management Inc.’s holdings in Barrick Mining were worth $89,224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC boosted its stake in Barrick Mining by 3.5% during the fourth quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock worth $281,000 after buying an additional 218 shares during the period. S.A. Mason LLC boosted its stake in Barrick Mining by 1.3% during the fourth quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock worth $1,007,000 after buying an additional 300 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in Barrick Mining by 4.2% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 8,300 shares of the gold and copper producer’s stock worth $361,000 after buying an additional 332 shares during the period. Keybank National Association OH boosted its stake in Barrick Mining by 2.1% during the fourth quarter. Keybank National Association OH now owns 17,598 shares of the gold and copper producer’s stock worth $766,000 after buying an additional 360 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in 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 worth $74,000 after buying an additional 373 shares during the period. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barrick Mining Stock Down 0.1%

Shares of B opened at $38.79 on Monday. The firm has a market capitalization of $64.99 billion, a P/E ratio of 13.24, a P/E/G ratio of 1.16 and a beta of 0.41. Barrick Mining Corporation has a 12-month low of $17.41 and a 12-month high of $54.69. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average price of $42.85 and a 200-day moving average price of $42.43.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.19. The firm 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%.Barrick Mining’s revenue was up 44.6% compared to the same quarter last year. Equities research analysts expect that Barrick Mining Corporation will post 3.56 earnings per share for the current year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a $0.42 dividend. The ex-dividend date was Friday, February 27th. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 annualized dividend and a dividend yield of 4.3%. Barrick Mining’s dividend payout ratio is presently 57.34%.

Analysts Set New Price Targets

B has been the subject of a number of recent analyst reports. Citigroup boosted their target price on shares of Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. UBS Group lowered their target price on shares of Barrick Mining from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Zacks Research lowered shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. DZ Bank raised shares of Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. Finally, ATB Cormark Capital Markets lowered shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.17.

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.