Barrick Mining Corporation $B Shares Sold by Cheviot Value Management LLC

Cheviot Value Management LLC cut its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 24.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 426,584 shares of the gold and copper producer’s stock after selling 140,046 shares during the period. Barrick Mining comprises approximately 1.4% of Cheviot Value Management LLC’s holdings, making the stock its 19th biggest position. Cheviot Value Management LLC’s holdings in Barrick Mining were worth $13,582,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ascent Group LLC boosted its stake in Barrick Mining by 2.9% in the third quarter. Ascent Group LLC now owns 14,514 shares of the gold and copper producer’s stock valued at $476,000 after acquiring an additional 404 shares during the period. Nexus Investment Management ULC lifted its holdings in shares of Barrick Mining by 39.4% in the 3rd quarter. Nexus Investment Management ULC now owns 2,300 shares of the gold and copper producer’s stock worth $75,000 after purchasing an additional 650 shares during the last quarter. Arlington Trust Co LLC acquired a new position in Barrick Mining during the 3rd quarter valued at approximately $26,000. Hedges Asset Management LLC boosted its position in Barrick Mining by 1.7% during the 3rd quarter. Hedges Asset Management LLC now owns 61,000 shares of the gold and copper producer’s stock valued at $1,999,000 after purchasing an additional 1,000 shares during the period. Finally, Fruth Investment Management grew its stake in Barrick Mining by 5.3% during the 3rd quarter. Fruth Investment Management now owns 19,800 shares of the gold and copper producer’s stock worth $648,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on B. TD Cowen reiterated a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Raymond James Financial lifted their price objective on shares of Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Cormark raised shares of Barrick Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. TD Securities raised their price target on shares of Barrick Mining from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Scotiabank raised Barrick Mining from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $27.50 to $43.00 in a report on Thursday, October 23rd. Three research 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. According to data from MarketBeat, Barrick Mining presently has a consensus rating of “Buy” and an average price target of $46.91.

Barrick Mining Stock Up 3.6%

B stock opened at $51.04 on Friday. The firm’s 50-day moving average is $43.98 and its two-hundred day moving average is $33.91. The company has a market capitalization of $85.50 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 0.43 and a beta of 0.41. Barrick Mining Corporation has a 52 week low of $15.70 and a 52 week high of $51.09. The company has a current ratio of 2.94, a quick ratio of 2.33 and a debt-to-equity ratio of 0.14.

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 net margin of 24.53% and a return on equity of 9.48%. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the firm posted $0.09 earnings per share. The business’s revenue was up 23.2% on a year-over-year basis. On average, analysts forecast that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were given a dividend of $0.175 per share. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 28th. This represents a $0.70 annualized dividend and a dividend yield of 1.4%. Barrick Mining’s payout ratio is 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.