Barrick Mining Corporation $B Stock Holdings Lifted by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 226.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 33,681 shares of the gold and copper producer’s stock after buying an additional 23,357 shares during the period. Farther Finance Advisors LLC’s holdings in Barrick Mining were worth $1,104,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of B. Investors Research Corp bought a new position in Barrick Mining in the third quarter worth about $36,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Barrick Mining during the 2nd quarter worth approximately $25,000. Concord Wealth Partners bought a new stake in shares of Barrick Mining in the 2nd quarter worth approximately $26,000. Crowley Wealth Management Inc. acquired a new position in Barrick Mining during the 2nd quarter valued at approximately $26,000. Finally, Grove Bank & Trust bought a new position in Barrick Mining during the 3rd quarter worth $41,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Price Performance

Shares of Barrick Mining stock opened at $46.16 on Monday. Barrick Mining Corporation has a 52 week low of $15.31 and a 52 week high of $46.45. The company has a current ratio of 2.94, a quick ratio of 2.33 and a debt-to-equity ratio of 0.14. The stock has a market cap of $77.72 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 0.47 and a beta of 0.40. The company’s 50-day moving average price is $38.34 and its two-hundred day moving average price is $30.28.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the firm posted $0.09 EPS. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.5%. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 28th. Barrick Mining’s dividend payout ratio (DPR) is presently 33.82%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on B shares. Jefferies Financial Group reissued a “buy” rating and set a $55.00 price target on shares of Barrick Mining in a report on Sunday, December 7th. Citigroup raised shares of Barrick Mining from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Canaccord Genuity Group raised their price target on shares of Barrick Mining from $39.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Royal Bank Of Canada lifted their price target on Barrick Mining from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Finally, BNP Paribas Exane raised Barrick Mining from a “neutral” rating to an “outperform” rating and set a $50.00 price target for the company in a research note on Friday, December 5th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Barrick Mining currently has an average rating of “Buy” and a consensus target price of $47.17.

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.