Barrick Mining Corporation $B Holdings Raised by Intact Investment Management Inc.

Intact Investment Management Inc. raised its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 11.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,458,490 shares of the gold and copper producer’s stock after purchasing an additional 248,280 shares during the period. Barrick Mining comprises 2.4% of Intact Investment Management Inc.’s investment portfolio, making the stock its 6th biggest position. Intact Investment Management Inc. owned approximately 0.15% of Barrick Mining worth $80,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. purchased a new stake in shares of Barrick Mining during the second quarter worth approximately $1,459,633,000. Arrowstreet Capital Limited Partnership acquired a new position in Barrick Mining during the 2nd quarter worth approximately $1,091,122,000. First Eagle Investment Management LLC purchased a new stake in shares of Barrick Mining in the 2nd quarter valued at approximately $822,056,000. TD Asset Management Inc acquired a new stake in shares of Barrick Mining in the 2nd quarter valued at $386,328,000. Finally, Ninety One UK Ltd purchased a new stake in shares of Barrick Mining during the 2nd quarter worth $326,862,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Trading Up 3.6%

Shares of Barrick Mining stock opened at $51.04 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.33 and a current ratio of 2.94. The company has a market capitalization of $85.50 billion, a P/E ratio of 24.65, a PEG ratio of 0.44 and a beta of 0.41. Barrick Mining Corporation has a 1 year low of $15.70 and a 1 year high of $51.09. The company’s fifty day moving average is $43.98 and its two-hundred day moving average is $34.00.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share 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 during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. Analysts forecast that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a $0.175 dividend. This is an increase 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 dividend payout ratio (DPR) is 33.82%.

Analyst Ratings Changes

B has been the topic of several recent analyst reports. Zacks Research lowered Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Jefferies Financial Group restated a “buy” rating and set a $55.00 price objective on shares of Barrick Mining in a research report on Sunday, December 7th. Wall Street Zen downgraded shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. UBS Group lifted their price target on shares of Barrick Mining from $39.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Finally, Bank of America upgraded shares of Barrick Mining from a “neutral” rating to a “buy” rating and upped their price objective for the company from $38.00 to $48.00 in a research note on Monday, November 24th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $46.91.

Barrick Mining Company 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.