15,721 Shares in Barrick Mining Corporation $B Acquired by 180 Wealth Advisors LLC

180 Wealth Advisors LLC bought a new stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 15,721 shares of the gold and copper producer’s stock, valued at approximately $515,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HBW Advisory Services LLC acquired a new position in shares of Barrick Mining in the third quarter valued at approximately $332,000. Burney Co. grew its position in shares of Barrick Mining by 5.8% in the 3rd quarter. Burney Co. now owns 52,181 shares of the gold and copper producer’s stock valued at $1,710,000 after buying an additional 2,881 shares during the last quarter. Highland Capital Management LLC increased its stake in shares of Barrick Mining by 4.7% in the third quarter. Highland Capital Management LLC now owns 71,839 shares of the gold and copper producer’s stock valued at $2,354,000 after buying an additional 3,200 shares during the period. HBK Sorce Advisory LLC acquired a new stake in shares of Barrick Mining in the third quarter valued at about $271,000. Finally, Blue Trust Inc. raised its position in shares of Barrick Mining by 31.1% during the third quarter. Blue Trust Inc. now owns 53,432 shares of the gold and copper producer’s stock worth $1,751,000 after acquiring an additional 12,662 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Price Performance

Shares of Barrick Mining stock opened at $44.00 on Tuesday. Barrick Mining Corporation has a 12 month low of $15.31 and a 12 month 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 50 day moving average of $38.53 and a 200 day moving average of $30.45. The firm has a market cap of $74.07 billion, a PE ratio of 21.25, a PEG ratio of 0.47 and a beta of 0.40.

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 (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the company earned $0.09 EPS. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, research analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were given a $0.175 dividend. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.70 annualized dividend and a yield of 1.6%. Barrick Mining’s dividend payout ratio is presently 33.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. BMO Capital Markets reaffirmed a “market perform” rating on shares of Barrick Mining in a research note on Monday, September 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a report on Monday, December 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $55.00 price target on shares of Barrick Mining in a report on Sunday, December 7th. BNP Paribas raised Barrick Mining to a “neutral” rating and set a $50.00 price objective for the company in a research report on Friday, December 5th. Finally, UBS Group upped their target price on Barrick Mining from $39.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $47.17.

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.