1,800,635 Shares in Barrick Mining Corporation $B Acquired by Ruffer LLP

Ruffer LLP bought a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,800,635 shares of the gold and copper producer’s stock, valued at approximately $59,007,000. Barrick Mining makes up approximately 3.3% of Ruffer LLP’s investment portfolio, making the stock its 9th largest holding. Ruffer LLP owned about 0.11% of Barrick Mining as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of B. Vanguard Group Inc. bought a new stake in shares of Barrick Mining in the second quarter worth about $1,459,633,000. Measured Wealth Private Client Group LLC bought a new position in shares of Barrick Mining during the 2nd quarter valued at approximately $696,000. Philadelphia Trust Co. purchased a new position in shares of Barrick Mining in the second quarter valued at $1,412,000. Cadence Wealth Management LLC purchased a new stake in Barrick Mining during the second quarter valued at $1,112,000. Finally, CIBC Asset Management Inc lifted its position in Barrick Mining by 316.0% during the third 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 purchasing an additional 13,891,886 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Trading Up 1.5%

B stock opened at $52.98 on Thursday. Barrick Mining Corporation has a 12 month low of $15.70 and a 12 month high of $53.28. The firm’s 50-day moving average is $44.86 and its 200 day moving average is $34.56. The company has a market capitalization of $88.76 billion, a PE ratio of 25.59, a P/E/G ratio of 0.47 and a beta of 0.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.94 and a quick ratio of 2.33.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the firm earned $0.09 EPS. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, research analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a dividend of $0.175 per share. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, November 28th. Barrick Mining’s payout ratio is 33.82%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Raymond James Financial boosted their target price on shares of Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. BNP Paribas Exane raised Barrick Mining to a “neutral” rating and set a $50.00 price objective on the stock in a research note on Friday, December 5th. Cormark raised Barrick Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. Bank of America raised shares of Barrick Mining from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $38.00 to $48.00 in a research note on Monday, November 24th. Finally, Canaccord Genuity Group raised their target price on shares of Barrick Mining from $39.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Barrick Mining presently has an average rating of “Buy” and an average target price of $50.33.

Barrick Mining 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.