Cresset Asset Management LLC Purchases 17,445 Shares of Barrick Mining Corporation $B

Cresset Asset Management LLC boosted its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 66.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,502 shares of the gold and copper producer’s stock after purchasing an additional 17,445 shares during the period. Cresset Asset Management LLC’s holdings in Barrick Mining were worth $1,426,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Barrick Mining by 19.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,260 shares of the gold and copper producer’s stock worth $74,000 after purchasing an additional 373 shares during the period. Legend Financial Advisors Inc. increased its holdings in Barrick Mining by 0.9% during the third quarter. Legend Financial Advisors Inc. now owns 45,139 shares of the gold and copper producer’s stock valued at $1,479,000 after buying an additional 399 shares during the last quarter. Ascent Group LLC increased its holdings in Barrick Mining by 2.9% during the third quarter. Ascent Group LLC now owns 14,514 shares of the gold and copper producer’s stock valued at $476,000 after buying an additional 404 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its position in Barrick Mining by 1.1% in the third quarter. Mesirow Financial Investment Management Inc. now owns 36,792 shares of the gold and copper producer’s stock worth $1,206,000 after acquiring an additional 410 shares during the period. Finally, Prospera Financial Services Inc boosted its stake in shares of Barrick Mining by 1.0% during the 3rd quarter. Prospera Financial Services Inc now owns 67,019 shares of the gold and copper producer’s stock worth $2,196,000 after acquiring an additional 643 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on B. Scotiabank upped their price objective on Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. DZ Bank upgraded Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. TD Cowen reissued a “buy” rating on shares of Barrick Mining in a report on Wednesday, November 26th. Bank of America raised Barrick Mining from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $38.00 to $48.00 in a research note on Monday, November 24th. Finally, Zacks Research cut Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Two research 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.com, Barrick Mining currently has a consensus rating of “Moderate Buy” and an average target price of $55.25.

Barrick Mining Price Performance

NYSE:B opened at $45.40 on Monday. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $47.86 and its two-hundred day simple moving average is $39.47. The stock has a market cap of $76.06 billion, a PE ratio of 15.49, a P/E/G ratio of 1.42 and a beta of 0.41. 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 data 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 firm had revenue of $5.98 billion during 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 business’s revenue for the quarter was up 44.6% on a year-over-year basis. As a group, analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The firm 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. This represents a $1.68 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio is currently 57.34%.

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.