Blair William & Co. IL Has $4.52 Million Position in Barrick Mining Corporation $B

Blair William & Co. IL increased its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 26.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,824 shares of the gold and copper producer’s stock after purchasing an additional 29,025 shares during the period. Blair William & Co. IL’s holdings in Barrick Mining were worth $4,516,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Arlington Trust Co LLC acquired a new position in shares of Barrick Mining during the third quarter valued at $26,000. Provenance Wealth Advisors LLC acquired a new position in Barrick Mining during the 3rd quarter valued at about $32,000. Investors Research Corp bought a new position in shares of Barrick Mining in the 3rd quarter valued at about $36,000. Cloud Capital Management LLC acquired a new stake in shares of Barrick Mining during the 3rd quarter worth approximately $40,000. Finally, Grove Bank & Trust bought a new stake in shares of Barrick Mining during the third quarter worth approximately $41,000. 90.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on B shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $55.00 target price on shares of Barrick Mining in a report on Sunday, December 7th. JPMorgan Chase & Co. assumed coverage on Barrick Mining in a research note on Thursday, January 29th. They issued an “overweight” rating and a $68.00 target price on the stock. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $71.00 price target on shares of Barrick Mining in a research report on Wednesday, February 4th. Finally, Canaccord Genuity Group reduced their price objective on shares of Barrick Mining to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Barrick Mining currently has an average rating of “Moderate Buy” and an average target price of $55.25.

Barrick Mining Price Performance

NYSE B opened at $45.42 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 cap of $76.10 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.44 and a beta of 0.41. The business has a 50 day simple moving average of $47.97 and a 200 day simple moving average of $39.79. 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 released its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The company had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.15 billion. The company’s revenue for the quarter was up 44.6% compared to the same quarter last year. Analysts anticipate 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 will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.68 annualized dividend and a dividend yield of 3.7%. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio (DPR) is 57.34%.

About Barrick Mining

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.