BW Gestao de Investimentos Ltda. Invests $3.28 Million in Barrick Mining Corporation $B

BW Gestao de Investimentos Ltda. purchased a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 100,000 shares of the gold and copper producer’s stock, valued at approximately $3,277,000.

Several other institutional investors also recently added to or reduced their stakes in B. Vanguard Group Inc. purchased a new position in Barrick Mining in the second quarter valued at about $1,459,633,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Barrick Mining during the 2nd quarter worth approximately $1,091,122,000. Capital International Investors increased its stake in shares of Barrick Mining by 35.9% during the 3rd quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock worth $3,340,709,000 after purchasing an additional 26,921,219 shares during the last quarter. Geode Capital Management LLC bought a new stake in shares of Barrick Mining in the 2nd quarter worth approximately $307,855,000. Finally, CIBC Asset Management Inc raised its holdings in shares of 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 purchasing an additional 13,891,886 shares during the period. Institutional investors own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on B. BNP Paribas Exane raised Barrick Mining to a “neutral” rating and set a $50.00 price objective for the company in a report on Friday, December 5th. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Canaccord Genuity Group dropped their price target on Barrick Mining to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Jefferies Financial Group reiterated a “buy” rating and set a $55.00 price target on shares of Barrick Mining in a research note on Sunday, December 7th. Finally, DZ Bank raised Barrick Mining to a “strong-buy” rating in a report on Monday, January 19th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Barrick Mining currently has a consensus rating of “Moderate Buy” and an average price target of $55.25.

Barrick Mining Stock Up 1.0%

Barrick Mining stock opened at $45.86 on Tuesday. The firm has a 50 day simple moving average of $47.90 and a 200 day simple moving average of $39.61. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 1-year low of $17.00 and a 1-year high of $54.69. The firm has a market capitalization of $76.82 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 1.42 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.19. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The firm had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.15 billion. The business’s quarterly revenue was up 44.6% on a year-over-year basis. On average, analysts predict 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 will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a dividend of $0.42 per share. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. 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.