TD Asset Management Inc Acquires 1,086,332 Shares of Barrick Mining Corporation $B

TD Asset Management Inc raised its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,395,667 shares of the gold and copper producer’s stock after acquiring an additional 1,086,332 shares during the period. TD Asset Management Inc’s holdings in Barrick Mining were worth $889,627,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Intellectus Partners LLC bought a new position in Barrick Mining during the fourth quarter valued at approximately $348,000. Sivia Capital Partners LLC bought a new position in Barrick Mining during the fourth quarter valued at approximately $594,000. CIBC Asset Management Inc grew its position in Barrick Mining by 8.8% during the fourth quarter. CIBC Asset Management Inc now owns 19,902,944 shares of the gold and copper producer’s stock valued at $869,964,000 after acquiring an additional 1,615,386 shares during the last quarter. Bank of New York Mellon Corp grew its position in Barrick Mining by 4.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,908,023 shares of the gold and copper producer’s stock valued at $83,094,000 after acquiring an additional 80,084 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. grew its position in Barrick Mining by 206.0% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 305,959 shares of the gold and copper producer’s stock valued at $13,325,000 after acquiring an additional 205,959 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. ATB Cormark Capital Markets cut shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Citigroup increased their price target on shares of Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Barclays assumed coverage on shares of Barrick Mining in a research report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 price target on the stock. Finally, Canadian Imperial Bank of Commerce reduced their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.46.

Barrick Mining Stock Performance

NYSE:B opened at $41.88 on Thursday. The firm has a market cap of $70.16 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 1.23 and a beta of 0.44. Barrick Mining Corporation has a fifty-two week low of $19.57 and a fifty-two week high of $54.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06. The business has a 50 day moving average price of $41.45 and a 200-day moving average price of $43.77.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.75 billion. The business’s revenue for the quarter was up 66.7% on a year-over-year basis. Equities research analysts predict that Barrick Mining Corporation will post 3.78 earnings per share for the current year.

Barrick Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a yield of 1.7%. Barrick Mining’s dividend payout ratio (DPR) is presently 19.34%.

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.