Choreo LLC Makes New Investment in Barrick Mining Corporation $B

Choreo LLC purchased a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 19,571 shares of the gold and copper producer’s stock, valued at approximately $641,000.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new stake in shares of Barrick Mining during the 2nd quarter valued at about $1,459,633,000. Measured Wealth Private Client Group LLC purchased a new stake in Barrick Mining in the second quarter valued at approximately $696,000. Philadelphia Trust Co. bought a new stake in Barrick Mining during the second quarter valued at approximately $1,412,000. CIBC Asset Management Inc grew its stake in Barrick Mining by 316.0% in the 3rd quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock worth $601,115,000 after buying an additional 13,891,886 shares in the last quarter. Finally, Cadence Wealth Management LLC bought a new position in shares of Barrick Mining in the 2nd quarter worth $1,112,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on B. Raymond James Financial lifted their price target on Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. DZ Bank upgraded Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. UBS Group set a $55.00 price target on shares of Barrick Mining in a research report on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $71.00 price objective on shares of Barrick Mining in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Barrick Mining presently has a consensus rating of “Moderate Buy” and an average price target of $55.25.

Barrick Mining Price Performance

B opened at $46.77 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. The stock has a market capitalization of $78.36 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.45 and a beta of 0.41. The stock’s 50 day moving average price is $47.88 and its 200-day moving average price is $39.07. Barrick Mining Corporation has a 52-week low of $17.00 and a 52-week high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. The firm had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The business’s revenue was up 44.6% compared to the same quarter last year. On average, equities research analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a $0.42 dividend. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, February 27th. Barrick Mining’s payout ratio is currently 57.34%.

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.