Barrick Mining Corporation $B Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. decreased its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 81.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 153,000 shares of the gold and copper producer’s stock after selling 663,000 shares during the period. Barrick Mining comprises approximately 1.1% of Hussman Strategic Advisors Inc.’s portfolio, making the stock its 4th biggest holding. Hussman Strategic Advisors Inc.’s holdings in Barrick Mining were worth $5,014,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Arlington Trust Co LLC acquired a new stake in Barrick Mining in the 3rd quarter valued at about $26,000. Investors Research Corp purchased a new stake in shares of Barrick Mining in the third quarter valued at about $36,000. Concord Wealth Partners acquired a new stake in shares of Barrick Mining in the second quarter valued at approximately $26,000. Grove Bank & Trust purchased a new position in shares of Barrick Mining during the 3rd quarter worth approximately $41,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Barrick Mining during the 2nd quarter worth approximately $27,000. 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. Canaccord Genuity Group increased their target price on Barrick Mining from $39.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, October 9th. UBS Group increased their price objective on Barrick Mining from $39.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, December 1st. BNP Paribas Exane raised shares of Barrick Mining to a “neutral” rating and set a $50.00 target price for the company in a research note on Friday, December 5th. TD Securities upped their target price on shares of Barrick Mining from $38.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Citigroup upgraded shares of Barrick Mining from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Barrick Mining presently has an average rating of “Buy” and an average price target of $48.73.

Barrick Mining Stock Up 1.7%

B opened at $52.16 on Wednesday. Barrick Mining Corporation has a 12 month low of $15.70 and a 12 month high of $53.28. The business has a 50-day moving average of $44.55 and a two-hundred day moving average of $34.43. 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 stock has a market capitalization of $87.39 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 0.44 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the company earned $0.09 earnings per share. The company’s quarterly revenue was up 23.2% on a year-over-year basis. On average, research analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.70 annualized dividend and a dividend yield of 1.3%. 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.