Compound Planning Inc. Buys 25,987 Shares of Barrick Mining Corporation $B

Compound Planning Inc. lifted its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 133.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,443 shares of the gold and copper producer’s stock after acquiring an additional 25,987 shares during the period. Compound Planning Inc.’s holdings in Barrick Mining were worth $1,489,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Barrick Mining by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 70,878,168 shares of the gold and copper producer’s stock worth $2,327,991,000 after purchasing an additional 767,544 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Barrick Mining during the second quarter worth about $1,091,122,000. First Eagle Investment Management LLC bought a new position in shares of Barrick Mining during the second quarter worth about $822,056,000. CIBC Asset Management Inc raised its position 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 valued at $601,115,000 after buying an additional 13,891,886 shares during the last quarter. Finally, Geode Capital Management LLC bought a new stake in Barrick Mining in the 2nd quarter valued at approximately $307,855,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barrick Mining Trading Up 0.1%

Shares of B stock opened at $49.77 on Thursday. Barrick Mining Corporation has a 12-month low of $17.00 and a 12-month high of $54.69. The company has a market capitalization of $83.38 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 0.40 and a beta of 0.40. The firm has a 50 day moving average price of $47.49 and a two-hundred day moving average price of $38.18. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13.

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, topping analysts’ consensus estimates of $0.85 by $0.19. The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The company’s revenue for the quarter was up 44.6% on a year-over-year basis. As a group, analysts predict that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, February 27th. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.4%. Barrick Mining’s dividend payout ratio (DPR) is presently 23.89%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. ATB Cormark Capital Markets raised shares of Barrick Mining to a “moderate buy” rating in a research note on Monday, February 9th. Cormark upgraded shares of Barrick Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $71.00 price objective on shares of Barrick Mining in a research note on Wednesday, February 4th. BNP Paribas Exane upgraded Barrick Mining to a “neutral” rating and set a $50.00 price objective for the company in a report on Friday, December 5th. Finally, Raymond James Financial upped their target price on Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $55.25.

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.