Caitong International Asset Management Co. Ltd Invests $901,000 in Barrick Mining Corporation $B

Caitong International Asset Management Co. Ltd acquired a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 27,500 shares of the gold and copper producer’s stock, valued at approximately $901,000. Barrick Mining makes up 0.6% of Caitong International Asset Management Co. Ltd’s investment portfolio, making the stock its 20th largest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Advisory Services Network LLC boosted its position in shares of Barrick Mining by 66.0% during the third quarter. Advisory Services Network LLC now owns 23,164 shares of the gold and copper producer’s stock worth $759,000 after buying an additional 9,209 shares during the period. Icon Advisers Inc. Co. lifted its stake in Barrick Mining by 8.9% in the 3rd quarter. Icon Advisers Inc. Co. now owns 98,000 shares of the gold and copper producer’s stock valued at $3,211,000 after acquiring an additional 8,000 shares in the last quarter. Greenline Partners LLC lifted its stake in Barrick Mining by 35.2% in the 3rd quarter. Greenline Partners LLC now owns 24,361 shares of the gold and copper producer’s stock valued at $798,000 after acquiring an additional 6,348 shares in the last quarter. NewEdge Advisors LLC boosted its position in Barrick Mining by 2.3% during the 3rd quarter. NewEdge Advisors LLC now owns 88,851 shares of the gold and copper producer’s stock worth $2,912,000 after acquiring an additional 2,029 shares during the last quarter. Finally, Parvin Asset Management LLC boosted its position in Barrick Mining by 2.3% during the 3rd quarter. Parvin Asset Management LLC now owns 33,160 shares of the gold and copper producer’s stock worth $1,087,000 after acquiring an additional 750 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on B shares. Canaccord Genuity Group lowered their price objective on shares of Barrick Mining to $77.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. ATB Cormark Capital Markets raised shares of Barrick Mining to a “moderate buy” rating in a research report on Monday, February 9th. BNP Paribas Exane upgraded shares of Barrick Mining to a “neutral” rating and set a $50.00 price target on the stock in a research note on Friday, December 5th. TD Cowen reissued a “buy” rating on shares of Barrick Mining in a research report on Wednesday, November 26th. Finally, DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.25.

Barrick Mining Trading Down 0.8%

NYSE B opened at $42.78 on Wednesday. Barrick Mining Corporation has a 12 month low of $17.00 and a 12 month high of $54.69. 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 stock has a 50 day moving average of $47.81 and a 200-day moving average of $40.36. The company has a market cap of $71.66 billion, a PE ratio of 14.60, a PEG ratio of 1.35 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The firm had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.15 billion. The company’s quarterly revenue was up 44.6% on a year-over-year basis. On average, equities research analysts anticipate 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 was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a dividend of $0.42 per share. The ex-dividend date was 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 3.9%. Barrick Mining’s dividend payout ratio is 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.