Crossmark Global Holdings Inc. Takes $590,000 Position in Barrick Mining Corporation $B

Crossmark Global Holdings Inc. purchased a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 17,997 shares of the gold and copper producer’s stock, valued at approximately $590,000.

Other hedge funds also recently made changes to their positions in the company. Arlington Trust Co LLC purchased a new position in Barrick Mining during the 3rd quarter worth approximately $26,000. Provenance Wealth Advisors LLC acquired a new position in shares of Barrick Mining in the 3rd quarter valued at $32,000. Wealth Preservation Advisors LLC acquired a new stake in Barrick Mining during the 2nd quarter worth $33,000. Investors Research Corp purchased a new position in Barrick Mining during the 3rd quarter worth $36,000. Finally, CENTRAL TRUST Co purchased a new position in Barrick Mining during the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Up 0.7%

B stock opened at $46.11 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $47.94 and its 200 day moving average price is $39.75. Barrick Mining Corporation has a 52 week low of $17.00 and a 52 week high of $54.69. The company has a market cap of $77.25 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.43 and a beta of 0.41.

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, beating the consensus estimate of $0.85 by $0.19. The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The firm’s revenue was up 44.6% compared to the same quarter last year. On average, research analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, February 27th. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a yield of 3.6%. Barrick Mining’s dividend payout ratio (DPR) is presently 57.34%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. UBS Group set a $55.00 price objective on shares of Barrick Mining in a research report on Friday, February 6th. Zacks Research cut shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Wall Street Zen raised shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Two 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.25.

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.