Barrick Mining Corporation $B Holdings Raised by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC increased its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 86.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,652 shares of the gold and copper producer’s stock after purchasing an additional 30,935 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Barrick Mining were worth $2,184,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fiduciary Financial Group LLC acquired a new stake in shares of Barrick Mining in the 2nd quarter worth approximately $352,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Barrick Mining during the second quarter worth approximately $464,000. Fractal Investments LLC acquired a new stake in Barrick Mining in the second quarter worth approximately $341,000. Hedges Asset Management LLC bought a new position in Barrick Mining during the 2nd quarter valued at $1,249,000. Finally, Parallel Advisors LLC acquired a new position in shares of Barrick Mining during the 2nd quarter valued at $76,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on B shares. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a report on Monday, December 29th. BMO Capital Markets reiterated a “market perform” rating on shares of Barrick Mining in a research report on Monday, September 22nd. Royal Bank Of Canada upped their price target on shares of Barrick Mining from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Canaccord Genuity Group lifted their price objective on shares of Barrick Mining from $39.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, National Bankshares raised shares of Barrick Mining to an “outperform” rating in a research note on Monday, September 22nd. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $47.17.

Barrick Mining Price Performance

NYSE B opened at $47.40 on Friday. The stock has a market capitalization of $79.81 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41. Barrick Mining Corporation has a 12-month low of $15.31 and a 12-month high of $47.75. The company has a 50 day moving average price of $40.67 and a two-hundred day moving average price of $31.66. The company has a quick ratio of 2.33, a current ratio of 2.94 and a debt-to-equity ratio of 0.14.

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

Barrick Mining Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a $0.175 dividend. The ex-dividend date was Friday, November 28th. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.5%. Barrick Mining’s dividend payout ratio is presently 33.82%.

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.