Barrick Mining Corporation $B Shares Purchased by FengHe Fund Management Pte. Ltd.

FengHe Fund Management Pte. Ltd. raised its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 19.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,172,300 shares of the gold and copper producer’s stock after acquiring an additional 190,800 shares during the quarter. Barrick Mining makes up approximately 3.5% of FengHe Fund Management Pte. Ltd.’s portfolio, making the stock its 11th biggest position. FengHe Fund Management Pte. Ltd. owned 0.07% of Barrick Mining worth $38,416,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Webster Bank N. A. acquired a new stake in Barrick Mining in the 3rd quarter valued at about $49,000. Clear Harbor Asset Management LLC raised its holdings in Barrick Mining by 86.6% in the third quarter. Clear Harbor Asset Management LLC now owns 66,652 shares of the gold and copper producer’s stock valued at $2,184,000 after acquiring an additional 30,935 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Barrick Mining in the third quarter valued at approximately $236,000. Venturi Wealth Management LLC purchased a new position in Barrick Mining in the third quarter worth approximately $421,000. Finally, Benjamin Edwards Inc. grew its holdings in Barrick Mining by 113.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 30,433 shares of the gold and copper producer’s stock worth $997,000 after acquiring an additional 16,153 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analysts Set New Price Targets

B has been the topic of a number of analyst reports. Scotiabank upgraded Barrick Mining from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $27.50 to $43.00 in a research note on Thursday, October 23rd. TD Securities upped their price target on Barrick Mining from $38.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. BMO Capital Markets reiterated a “market perform” rating on shares of Barrick Mining in a research note on Monday, September 22nd. Wall Street Zen downgraded shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, BNP Paribas raised shares of Barrick Mining to a “neutral” rating and set a $50.00 target price on the stock in a research report on Friday, December 5th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Barrick Mining has a consensus rating of “Buy” and a consensus target price of $47.17.

Barrick Mining Stock Performance

NYSE:B opened at $47.75 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.94 and a quick ratio of 2.33. The firm has a market cap of $80.39 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41. The firm’s fifty day moving average price is $40.97 and its 200 day moving average price is $31.85. Barrick Mining Corporation has a 1-year low of $15.31 and a 1-year high of $48.50.

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

Barrick Mining Increases Dividend

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

Barrick Mining 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.